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Guide to OZ Jobs/Rooms listingsNews tagged 'World Bank'
SMEs, farmers benefit from over $500m in COVID-19 support in Asia-Pacific region
Aug 25, 2020
KATHMANDU, AUGUST 24 Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of COVID-19 crisis response funding from International Finance Corporation (IFC), a member of the World Bank Group. As the pandemic continues to send shockwaves through the global economy,...
World Bank elevates Nepal to ‘lower middle income economy’
Jul 4, 2020
Country saw its GNI per capita rise to $1,090 in 2019, but economists says it doesn’t mean much in terms of development KATHMANDU, JULY 3 Nepal is now officially a lower-middle income country, an upgrade from its previous status as low income nation, according to the World Bank’s latest country classifications by income level publishe...
World Bank appoints new country director for Nepal, Maldives and Sri Lanka
Jul 2, 2020
KATHMANDU, JULY 1 Faris Hadad-Zervos is the World Bank’s new country director for Nepal, Maldives and Sri Lanka effective today. Based in the sub-regional office in Kathmandu, he will lead World Bank support to the three countries, overseeing the current total portfolio of around $5.5 billion. Hadad-Zervos succeeds Idah Z Pswarayi-Riddihough...
How to rid East Africa of locusts? Serve them in a kebab or drive them to cannibalism
Jul 2, 2020
NAIROBI: Eat them, poison them, and use scent to drive them to cannibalism – as a second wave of locusts threatens to devour East Africa‘s crops, scientists in a Nairobi lab are experimenting with novel ways to kill them. Swarms are the worst for three generations, encouraged by unseasonably wet weather and...
NMB Bank signs mandate with IFC
Jul 1, 2020
KATHMANDU: NMB Bank Ltd has signed a repeat loan mandate with International Finance Corporation (IFC), a member of the World Bank Group, for IFC loan of $25 million. NMB has become the only Bbank in Nepal to receive consecutive financing from IFC over a span of two years, as per a media release. This FDI will be the first of its kind being ushered ...
Govt and World Bank sign $100m credit agreement
Jun 25, 2020
Kathmandu, June 24 The Nepal government and the World Bank Board signed a $100 million Development Policy Credit (DPC) today to improve the financial viability and governance of the energy sector and recover from the COVID-19 crisis. The agreement was signed by Finance Secretary Sishir Kumar Dhungana on behalf of the Nepal government and the Wor...
OPINION: Need for better and stronger World Bank response in face of ongoing coronavirus pandemic
Jun 22, 2020
Kathmandu, June 22 Honestly speaking I am struggling getting this. The recent announcement that the World Bank has officially approved the Nepal Strategic Road Connectivity and Trade Improvement Project worth a whopping $450 million should be met with great excitement because of the great need to fix the national road networks. The programme, part ...
World Bank approves $500 million grant package for Afghanistan projects
Jun 15, 2017
WASHINGTON: The World Bank on Tuesday approved financing worth more than $500 million for Afghanistan to support a string of projects to boost the economy, help improve service delivery in five cities and support Afghan refugees sent back from Pakistan. The bank said the six grants, including donor money, worth some $520 million would help th...
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