US$500 Million Loan to Connect 1.5 Million Households in Egypt to Natural Gas
The World Bank’s Board of Directors approved a loan of US$500 million for a project aimed to expand natural gas access to 1.5 million Egyptian households in eleven governorates, including three governorates (Sohag, Qena and Aswan) located in Upper...
Urges House to Reject Bill that Threatens to Increase Child Poverty
The EU's energy dependence: facts and figures
The EU imports more than half of the energy it consumes and that can make it vulnerable to external energy suppliers such as Russia. To improve the situation, the European Commission presented a plan to reduce this dependence, which was discussed by...
Kenya: New World Bank project will support country efforts to better manage oil and gas developments and revenues to invest in lasting growth and development
The World Bank’s Board of Executive Directors approved US$50 million for the Government of Kenya to strengthen its capacity to manage the oil and gas sector and the distribution of its revenues to create sustainable growth across all areas of the...
World Bank Group ready to provide financial support worth $15-18 billion over the next three years
The World Bank Group will bring increased financial and knowledge resources to help India return to the path of sustained high growth needed to bring prosperity to millions, especially the poor living in the lower income states. World Bank Group...
Labor Migrants’ Pension Mobility as a Symbol of Efficient Functioning of the Emerging Eurasian Economic Union
The introduction of pension mobility within the emerging Eurasian Economic Union is an essential step towards regional economic integration, according to the “Pension Mobility within the Eurasian Economic Union and the CIS” report, launched in Russia...
Lithuania to join euro area and single supervisory mechanism (SSM) on 1 January 2015
The EU Council formally approved the accession of Lithuania to the euro area on 1 January 2015 and determined the euro conversion rate of the Lithuanian litas at 3.45280 to 1 (coinciding with the level of the current central rate of the litas in the...
The New Silk Road Is Creating a New, Just World Economic Order
A strategic realignment of a large number of states is currently taking place, despite the horrors ongoing in Southwest Asia and Ukraine, laying the basis to hope that, despite the impending trans-Atlantic financial collapse, the current...
World Bank Supports New Innovative Financing to Reach SMEs and Exporters in Turkey
The World Bank’s Board of Directors approved a US$250 million equivalent loan for the Innovative Access To Finance Project for Turkey whose main development objective is to improve access to longer-term Islamic finance and to factoring for small- and...
Southern African region and the EU complete negotiations for an Economic Partnership Agreement
In a move welcomed by European Commissioner for Trade, Karel De Gucht, and by European Commissioner for Agriculture, Dacian Cioloş, the chief negotiators of the European Union and the Southern African Development Community (SADC) EPA Group (Botswana,...
