World Bank Supports Safer Roads for Economic Integration in Mozambique
The World Bank approved a $400 million International Development Association (*IDA) grant to support the Republic of Mozambique’s Safer Roads for Economic Integration Project. The objective of the project is to improve road connectivity, safety, and...
World Bank Supports Urban Transport in the Maputo Metropolitan Area
The World Bank approved a $250 million grant from the International Development Association (*IDA) to improve mobility and accessibility in the Maputo Metropolitan Area (MMA), on August 24th.
Reforms Can Support Inclusive Growth in Turbulent Economic Times
Reforms supported by investments in green and digital infrastructure and human capital can boost, and even double, the growth potential in some EU member states between now and 2030, according to a new World Bank report.
New Financing Will Support Indonesia to Improve and Protect Human Capital
The World Bank's Board of Executive Directors has approved a $350 million loan on June 29, 2022, to enhance human capital development in Indonesia by safeguarding its people through income protection, increasing access to healthcare services,...
World Bank Provides US$34 million in Grants to Improve Social Protection for Workers and Accelerate Digital Development in Maldives
The Government of Maldives and the World Bank signed two grant agreements totalling US$34 million (MVR524 million) to strengthen pension and safety nets for Maldivian workers and improve their employability, and to leverage digital technologies for...
Cambodia’s Economy Growing but Must Weather Oil Price Shock
Cambodia’s economy will grow by 4.5 percent in 2022, according to the latest World Bank projections. Weathering the Oil Price Shock, the Bank’s June 2022 economic update for Cambodia, shows that while domestic economic activity and goods exports...
World Bank Managing Director Visits Nepal, Emphasizes Support to Green, Resilient, and Inclusive Development
World Bank Managing Director for Development Policy and Partnerships, Mari Pangestu concluded her five-day visit to Nepal, reiterating the World Bank’s commitment to support Nepal’s resilient recovery from the pandemic. She was joined by Regional Vice...
Togo: Sustainable and inclusive growth will depend on agricultural productivity and trade
While Togo has made undeniable progress in certain areas, the West African nation is yet to take full advantage of its potential to achieve sustainable and inclusive growth, the World Bank said in its latest Togo Country Economic Memorandum, on June...
IMF Executive Board Completes the Sixth Review of the Policy Coordination Instrument for Rwanda
On June 22, 2022, the Executive Board of the International Monetary Fund (IMF) completed the sixth review of the Policy Coordination Instrument (PCI). The PCI was approved on June 28, 2019 ( Press Release No.19/258 ) to facilitate macroeconomic and...
IMF Executive Board Concludes 2022 Article IV Consultation with the Republic of Uzbekistan
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Uzbekistan.
