WASHINGTON DC, NOVEMBER 9, 2010 – The World Bank Board of Executive Directors approved a US$74.7 million loan to support a program designed by the Honduran government to address its difficult short term fiscal situation and balance fiscal accounts, which will bear fruit in the middle and long term, thus boosting the country’s development.
World Bank Group President Robert B. Zoellick and Singapore Minister for Finance Tharman Shanmugaratnam today joined senior public and private sector leaders from Asia to launch an Infrastructure Finance Center of Excellence (IFCOE) to support regional governments in tapping private capital for infrastructure.
In a history-making move this week, Bangladesh, Niger and Tajikistan were awarded a total of $270 million for first-of-a-kind country-wide plans for resilience against climate impacts. Coming just weeks before the UN climate conference in Cancun, this financing is among the largest funding ever granted to countries for national-level adaptation to climate impacts.
The World Bank Board of Executive Directors approved a US$150 million loan today for the Dominican Republic to support the introduction of a results-based accountability system to measure progress in social protection, mainly education and health, in order to expand human capital and improve the transparency and quality of public spending.
In a significant trend to rebalance energy services toward clean technology, twenty developing countries are investing in large-scale renewables, particularly solar, wind and geothermal services, as a robust source of energy access for their citizens. Just weeks before the global climate negotiating session in Cancun, this trend away from high-emissions sources and toward clean energy sounds a positive note for real climate-smart development.
Commonwealth Bank today published its second Viewpoint report, measuring the economic health of the nation and examining the impact of the resources boom in mining areas of Australia.
Viewpoint was created in conjunction with NATSEM (National Centre for Social and Economic Modelling) at the University of Canberra,
In 2009, companies on the London Stock Exchange’s growth market AIM contributed a total of £21 billion to UK GDP and supported 570,000 jobs through direct, supply chain and multiplier effects, but greater fiscal incentives and fewer restrictions are needed to stem net outflows of capital from small caps and enhance the economic benefits delivered by the sector,