In Short : The NEAT program will facilitate the implementation of the government’s recently launched Integrated Resource Plan and is underpinned by ZESCO’s and REA’s own multi-year strategic plans. In Detail : LUSAKA : A new National Energy Advancement and Transformation Program (NEAT), a multiphase program supported by the World Bank, will help Zambia step […]
World Bank to streamline loan, investment guarantees with $20 bln annual goal – EQ
In Short : The World Bank aims to streamline loan and investment guarantees, targeting a goal of $20 billion annually. This strategy suggests the organization’s commitment to facilitating financial support for development projects worldwide, focusing on efficiency and impactful investments to address global challenges. In Detail : The World Bank Group said on Wednesday it […]
SBI inks $165 million LoC with World Bank to promote rooftop solar projects – EQ
In Short : The State Bank of India (SBI) has signed a $165 million Line of Credit (LoC) with the World Bank. This financial arrangement is likely aimed at promoting rooftop solar projects, signaling a collaborative effort to boost renewable energy initiatives and sustainability in India. In Detail : The country’s biggest lender, State Bank […]
World Bank Approves $100 Mn INSPIRES Operation For Skill Development In Sikkim – EQ
In Short : The World Bank has approved a $100 million INSPIRES operation to support skill development in Sikkim. This significant financial backing aims to enhance educational and vocational training opportunities, fostering skill development and economic empowerment in the region. In Detail : According to the World Bank, the USD 100 million Sikkim: Integrated Service […]
World Bank pledges USD 200 million to propel Himachal Pradesh’s ‘Green State’ vision – EQ
In Short : The World Bank has pledged USD 200 million to support Himachal Pradesh’s ‘Green State’ vision. This initiative aims to enhance Himachal Pradesh’s environmental sustainability and resilience to climate change. The funds will be utilized to strengthen the state’s forest and watershed management, promote sustainable agriculture practices, and enhance biodiversity conservation efforts. Additionally, […]
Finance minister, World Bank to work closely to create market structure from CSR demand side for maximising social impact – EQ
New Delhi : The World Bank and the finance ministry on Sunday agreed to work closely to create a market structure from the CSR demand side for maximising social impact. World Bank President Ajay Banga, who was in Delhi to attend the G20 Leaders’ Summit, on Sunday met Finance Minister Nirmala Sitharaman. The two leaders […]
World Bank to help fund 1,000 mini solar power grids in Nigeria – EQ Mag
ABUJA : The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a population of more than 200 million people, has installed power generation capacity of 12,500 […]
World Bank approves $1.5 billion financing for India’s low carbon energy sector – EQ Mag
The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments. New Delhi : The World Bank said on Friday it has approved $1.5 billion in financing to accelerate the development of India’s low carbon energy sector. The financing will help India […]
World Bank needs new playbook to boost private investment in emerging markets: Ajay Banga – EQ Mag
WASHINGTON : The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president, Ajay Banga, said on Sunday. Banga told CNN‘s “Fareed Zakaria GPS” program that efforts now under way to stretch the World Bank’s […]
World Bank team meets Kerala CM; expresses interest in state’s carbon neutral initiatives – EQ Mag
Thiruvananthapuram : A World Bank team, led by Vice President for South Asia Region Martin Raiser, held discussions with Kerala Chief Minister Pinarayi Vijayan and expressed interest in projects that the state plans to implement to achieve carbon neutrality by 2050. After the meeting, Raiser said Kerala was urbanising rapidly, and this will create more […]
