Browsing: World Bank

The RESPITE Solar-plus-Storage Project in Sierra Leone, backed by the World Bank, represents a milestone in the country’s power development journey, significantly improving power availability and increasing the national electricity access rate from 16% to 36%. With Sungrow’s bankability and reliability, the project successfully addressed financing challenges and gained confidence from stakeholders. Leveraging Sungrow’s advanced black start capabilities, the project team implemented an emergency response strategy to establish a stable electrical environment for commissioning in Sierra Leone’s challenging operating environment.

World Bank approval of $265m will support Morocco’s 300 MW Ifahsa hydropower storage project and help integrate more renewable power.

World Bank approves a US$700 million loan to support Jordan’s private investment, job creation, finance access and reform agenda.

World Bank says 18% of MENAAP residents face food insecurity as regional demand is projected to rise 67% by 2050, with food systems strained.

Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide.

Syria will receive US$225 million in World Bank grants to rebuild water and health services after years of conflict damage nationwide.

ADB launched a $25 million trust fund to speed ASEAN power grid projects, backing cross-border energy links, grid upgrades and regional electricity trade.

World Bank Group to provide India, USD 8 to 10 billion yearly for five years under a new partnership framework aimed at private jobs, skills, and cleaner growth.

World Bank forecasts Egypt economy to grow 4.8 percent in fiscal 2026 2027 as reforms, easing pressures and stronger demand support recovery momentum.

World Bank projections show the UAE economy growing above global averages through 2027, supported by diversification, infrastructure investment and strong services activity.