Development risks remain as economic activity, incomes likely to stay low for extended period
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing new finance to small and medium-sized enterprises (SMEs) in Moldova. A €17.5 million loan to Moldova Agroindbank (MAIB) will offer much-needed access to finance to this critical business segment.
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Moldovan companies can now benefit from loans denominated in the local currency, leu, provided by the European Bank for Reconstruction and Development (EBRD) and its partner financial institutions thanks to an agreement with the National Bank of Moldova.
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On Friday, EU legislators reached a provisional agreement on how EU countries will be able to spend funds allocated to fisheries and aquaculture for 2021-2027.
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The Asian Development Bank (ADB) has approved additional financing of $20 million for the ongoing Tuvalu Outer Island Maritime Infrastructure Project.
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The Asian Development Bank (ADB) has approved a combined sovereign and nonsovereign loan of $190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India.
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As world leaders gather virtually at the Special Session of the General Assembly in response to the COVID-19 pandemic, new data published today finds that leaving low- and lower-middle-income countries (LLMICs) without access to vaccines amid the COVID-19 pandemic will cause significant economic damage that puts decades of economic progress at risk – for both
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New technologies like artificial intelligence, machine learning, robotics, big data, and networks are expected to revolutionize production processes, but they could also have a major impact on developing economies.
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In support of Tajikistan’s efforts to strengthen the efficiency, accountability, and transparency of public expenditure, especially critical in the current COVID-19 context, the World Bank’s Board of Executive Directors approved today $6 million in additional financing for the Public Finance Management Modernization Project II (PFMMP-II).
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Almost half of the population in Central Asia is not digitally connected, missing out on employment opportunities, falling behind in learning and not receiving adequate healthcare, said World Bank representatives during an online briefing on “COVID-19 and the Digital Divide in Central Asia” today.
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Increasing government spending on health and education over the next five years will enable Uganda to enjoy a demographic dividend that comes with a fast-growing young population, according to the World Bank’s latest Uganda Economic Update.
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