The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Overseen by 173 shareholder nations, IDA aims to reduce poverty by providing zero to low-interest loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.
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The World Bank Board of Executive Directors has approved the US$21.9 million grant for the Renewable Energy Sector Development Project for Saint Lucia. This grant financing will help the Government of...
Read moreThe World Bank has signed a financing agreement worth US$100 million to support the deployment of solar power in Sindh, a province in the south-east of Pakistan, spanning three mar...
Read moreThe Board of Directors of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have approved a refinancing package for the 250 MW Bujagali hydr...
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