Arua, Uganda | THE INDEPENDENT | The World Bank has expressed concern over the low absorption of funds by local governments implementing the Uganda Support to Municipal Infrastructure Development (USMID) Additional Financing project. Out of the US$5.4 billion invested in the program, only 30% of the funds have been absorbed …
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Kasese, Uganda | THE INDEPENDENT | World Bank representatives and government have commended leaders and road contractors in Kasese municipality for keenly supervising the World Bank-funded roads under Uganda Support to Municipal Infrastructure Development Additional Financing USMID-AF program which they say is yielding impressive results. About 5.64 KM of roads are …
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The WBG is uniquely equipped to mobilise the financing needed to address these global challenges COMMENT | Wempi Saputra, Erivaldo Alfredo Gomes, and Abdoul Salam Bello | The Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund, which took place from April 10 to16 in Washington, provide an …
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What went right as the Inspection Panel at an institution that used to cause untold harm marks its 30th anniversary? Kampala, Uganda | Danny Bradlow | Development projects can have profound impacts on their societies. There are many benefits that flow from building new roads and power plants, and from modernising …
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Climate activists pile pressure on World Bank Kampala, Uganda | RONALD MUSOKE | This year’s Spring Meetings of the World Bank that took place at the institution’s headquarters in Washington, D.C. from April 10-16 were dominated by demands from shareholders to reform and tackle contemporary challenges. And top on the list …
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World Bank, BoU explain short-term, long term opportunities, challenges Kampala, Uganda | AGENCIES | The outlook for long term economic growth is positive but a lot of drag persists in the short term. Viewed that way, the latest World Bank outlook for Africa matches the sentiment of the latest outlook of …
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Dakar, Senegal | Xinhua | The World Bank has granted Senegal 91 billion CFA francs (about 151.4 million U.S. dollars) in financing to implement a project to accelerate the country’s digital economy. The financing agreement was signed Thursday in Dakar, the capital of Senegal, by Mamadou Moustapha Ba, minister of finance …
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Addis Ababa, Ethiopia | Xinhua | The World Bank has vowed to step up its support to African countries with a special focus on their long-term development agendas, a senior official of the bank has said. “We need to continue to support areas of long-term development agendas in Africa with a special …
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If the Bank fails to listen to the demands of developing countries, the West will lose them COMMENT | Ana Palacio | Major changes are afoot at the World Bank, but few people seem to be paying attention. Beyond devising a new, greener mission, the Bank is undergoing a leadership transition, with …
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Ajay Banga will partner with African Development Bank for transformative results Kampala, Uganda | THE INDEPENDENT | World Bank president nominee, Ajay Banga, pledges to partner with African Development Bank for transformative results U.S. nominee for World Bank Group President, Ajay Banga began his global tour on March 06 with his …
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