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S.Korea to Reach Net Zero Emissions by 2050
According to the World Bank, in 2019, Korea ranked as the world's 12th largest economy. As of 2019, it is also the world's seventh largest emitter.
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
World Bank Helps Finance Khyber Pakhtunkhwa Project, Pakistan
The World Bank has approved $450 million in financing for the Khyber Pakhtunkhwa Hydropower and Renewable Energy Development Project in Pakistan.
IFC Study Assesses Human and Eenvironmental Impact of Nepal Hydropower Project
The World Bank’s International Finance Corporation has released recommendations of its Cumulative Impact Assessment of the Trishuli River Basin.
World Bank Programme to Enable Electricity Trade in West Africa
The World Bank Board of Directors approved a total of $300 million in International Development Association (IDA) credits and grants to support reforms that wil…
Solar Power Plant
Off-Grid Solar Project Backed by World Bank to Benefit Rural Myanmar
More than 450,000 people in rural Myanmar are expected to have access to clean energy for the first time.
Tajikistan Hydro Project Receives $50m Rehabilitation Funding
The World Bank has approved additional grant financing of $50m for a second phase of rehabilitation at Nurek hydropower plant in the central Asia country of Taj…
World Bank to Support Nepal's Energy Sector with $100m Credit
The World Bank has agreed to support energy sector reform in Nepal by giving the country's government a $100m development policy credit.
IDA finances Regional Interconnection Project in Central Africa
The World Bank has approved $385 million in International Development Association financing to promote regional power interconnections and to allow Cameroon and…
Wind Power Project
MIGA Backs Djibouti's First Utility-Scale Wind Project
The multilateral investment guarantee agency, a member of the world bank group, has issued guarantees to support djibouti's first utility-scale wind power proje…
Solar Power for Home
World Bank Plans to Connect 1.3m Households to Solar Power
A World Bank-funded initiative is targeting to connect about 1.3 million households to electricity generated from within their localities.
Côte d’Ivoire’s Azito Power Plant Expansion Attracts MIGA Guarantees
Building on nearly two decades of World Bank Group support for Côte d’Ivoire’s energy sector, MIGA has issued guarantees for the Phase 4 expansion of the A…
World Bank Approves Additional $700 Million for the Dasu Project, Pakistan
The World Bank has approved an additional $700 million in financing for the Dasu Hydropower Project in Pakistan, with the funds to be used for the transmission …
World Bank to Provide $700m More for Pakistan Hydropower Project
The loan will fund the transmission line for the first phase of Dasu hydropower plant.
MIGA Announces First Ever Guarantee in the Solomon Islands for a Hydro Plant
The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees that will support the development, financing, const…