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World Bank

World Bank, Ithmar to set up green infrastructure fund

The World Bank Group and Ithmar Capital, a Moroccan Sovereign Investment Fund, have entered into a deal to set up a Green Growth Infrastructure Facility for Africa (GGIF Africa), the first pan-African fund dedicated to green investment in the co

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World Bank, Ithmar to set up green infrastructure fund

The World Bank Group and Ithmar Capital, a Moroccan Sovereign Investment Fund, have entered into a deal to set up a Green Growth Infrastructure Facility for Africa (GGIF Africa), the first pan-African fund dedicated to green investment in the co

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Georgieva named World Bank lending unit CEO

World Bank Group has appointed Kristalina Georgieva, a Bulgarian national, as the new chief executive of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) effective January 2.

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UAE tops in ease of doing business in Mena

The United Arab Emirates (UAE) is the Middle East and North Africa (Mena) region’s top ranked economy in ease of doing business, with a global ranking of 26, followed by Bahrain (63) and Oman (66), finds the World Bank Group's annual r

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Nearly 80 million could slide into poverty: World Bank

Natural disasters and climate change have devastating effects on cities and the four billion people who live in them today, according to a new report by the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR).

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IFC to raise $5bn for emerging markets infrastructure

IFC, a member of the World Bank Group, has launched an innovative programme that aims to raise $5 billion from global institutional investors to modernise infrastructure in emerging markets over the next five years. The initiative

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World Bank offers Egypt $500m loan to create jobs

A new $500 million World Bank loan will help create jobs in Upper Egypt by enhancing the business climate and improving infrastructure and the delivery of services. The Upper Egypt Local Development Programme, approved by the Worl

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World Bank eyes capital markets to boost loans for poor

The World Bank division that lends to the world's poorest countries is preparing to raise billions of dollars from capital markets next year after winning top-tier, first-ever credit ratings from Moody's Investors Service and Standard an

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India to get over $1bn from World Bank for Modi's solar goals

The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.   Modi is banki

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UAE banks reception alongside Wold Bank, IMF meets

UAE’s Ministry of Finance (MoF), in collaboration with the UAE Central Bank and Dubai International Financial Centre (DIFC), will organise the UAE Banks reception alongside the upcoming International Monetary Fund (IMF) and World Bank annu

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