Finance & Economics

Government of India and the World Bank Sign $160 Million Agreement for Rajasthan Road Sector Modernization Project

The government of India and the World Bank signed a $160 million credit for the Rajasthan Road Sector Modernization Project to support the government of Rajasthan improve rural connectivity, enhance road safety and strengthen the road sector...

Government of India and the World Bank Sign $160 Million Agreement for Rajasthan Road Sector Modernization Project

The government of India and the World Bank signed a $160 million credit for the Rajasthan Road Sector Modernization Project to support the government of Rajasthan improve rural connectivity, enhance road safety and strengthen the road sector...

Presentation at the World Bank: Batonistsikhe Conservation Plan and Planning of Future Rehabilitation Works

The World Bank Office hosted a comprehensive discussion of the ongoing research and architectural restoration work carried out in the Telavi Batonistsikhe (King’s Palace) Cultural Heritage Complex. The Batonistsikhe Complex incorporates monuments and...

World Bank Supports Building Resilient Coastal Communities in Samoa

The World Bank’s Board of Executive Directors approved a US$14.6 million grant to help 45,000 Samoans who live in coastal communities adapt to climate change and climate variability. The Enhancing the Climate Resilience of Coastal Resources and...

IMF Executive Board Approves Three-Year, US$41.6 Million ECF for Burkina Faso and US$3.9 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) approved a new three-year arrangement for a total amount of SDR 27.09 million (about US$ 41.6 million, or 45 percent of quota) under the Extended Credit Facility (ECF) for Burkina Faso. The...

World Bank Supports Livelihoods Improvement for Poorest Areas of Vietnam’s Central Highlands

The World Bank’s Board of Executive Directors approved a credit of US$150 million to improve living standards for the local poor people in upland districts of the central highlands of Vietnam.

European Union to lead international counter piracy efforts in 2014

The Contact Group on Piracy off the Coast of Somalia (CGPCS) was established on 14 January 2009 pursuant to UN Security Council Resolution 1851 (2008) to facilitate the coordination of actions among more than 60 states and organisations to fight...

Tanzania: World Bank Supports Land Ownership Reform and Better Access to Financial Services

The World Bank’s Board of Executive Directors approved funds to strengthen the business environment in Tanzania, with actions focused on land administration reform and improved access to financial services, to spur economic growth and improve shared...

Two Miami Women Sentenced to 10 Years in Prison for Conspiring to Pay Health Care Kickbacks

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; Michael B. Steinbach, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office

Global Economic Outlook Is Stronger in 2014

The global economy may be entering a new phase as the year draws to a close. New data suggest some of the uncertainty that has characterized much of 2013 appears to be lifting as a new year begins, though economists are cautious. Despite steady...