In Short : Lebanon has secured a $250 million loan from the World Bank to address its electricity crisis, worsened by economic collapse and conflict. The funds will improve bill collections and support solar energy projects, aiming to reduce costs by $40 million annually. This loan is part of a broader $1 billion reconstruction program, […]
World Bank Support to Boost Green and Inclusive Growth in Romania – EQ
In Short : The World Bank is supporting Romania to boost green and inclusive growth. This initiative aims to promote sustainable development, improve environmental management, and ensure that economic benefits are widely shared among all segments of society. In Detail : WASHINGTON : The World Bank Group Board of Executive Directors today approved a Development […]
World Bank Approves $122 Million to Boost Renewable Energy in Botswana – EQ
In Short : The World Bank has approved a $122 million loan to support Botswana’s efforts to increase access to renewable energy and reduce dependence on fossil fuels. The funding will be used to finance the construction of a 100-megawatt solar power plant in the country, as well as the implementation of a renewable energy […]
World Bank to give 1.5 billion dollars to India for clean energy transition
This is the second operation which is being supported by the World Bank The World Bank will give India $1.5 billion to finance a second operation to help accelerate the development of low-carbon energy. This is the second operation which is being supported by the World Bank and cleared by the executive directors’ board. The […]
World Bank OKs $1.5B to Aid India’s Low-Carbon Transition – EQ
In Short : The World Bank has approved $1.5 billion to support India’s low-carbon transition. This funding will aid in developing sustainable infrastructure, reducing carbon emissions, and accelerating the country’s shift toward a greener economy. In Detail : WASHINGTON : The World Bank’s Board of Executive Directors today approved $1.5 billion in financing for a […]
World Bank Boosts Support For The Financial Sustainability, Reliability, And Resilience Of Zambia’s Electricity Sector – EQ
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, […]