Tag Archives: World Bank

Inside a $35 Billion Loan Project, Led by World Bank, Aims to Expand Electricity in Africa

Inside a  Billion Loan Project, Led by World Bank, Aims to Expand Electricity in Africa

The leaders of more than half of Africa’s nations gathered this week in Dar es Salaam, Tanzania’s sprawling seaside metropolis, to commit to the biggest burst of spending on electric-power generation in Africa’s history. The World Bank, African Development Bank and others are pledging at least $35 billion to expand electricity across a continent where more than a half-billion people …

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IMF retains India’s FY25 growth forecast at 6.5% – The Times of India

IMF retains India’s FY25 growth forecast at 6.5% – The Times of India

NEW DELHI: The International Monetary Fund (IMF) on Friday retained India’s growth forecast for 2024-25 at 6.5% but said that growth in the country has slowed more than predicted, led by a sharper-than-expected deceleration in industrial activity.“In India, growth is projected to be solid at 6.5% in 2025 and 2026, as projected in Oct and in line with potential,” the …

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