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Share Washington: The World Bank approved today Additional Financing of $10 million for the Tajikistan Rural Electrification Project, which aims to: 1) provide electricity access for residents in remote, mountainous areas of southern Tajikistan; and 2) support efforts to export electricity to neighboring communities in North-Eastern Afghanistan. The financing is provided as a grant from the International Development Association (IDA). “This strategic investment supports efforts to connect households in some of the poorest and most remote areas of Tajikistan to electricity, thereby providing...

Additional US$10 Million to Increase Jobs for Palestinians during COVID-19 Format WASHINGTON, March 1, 2021 - As part of its efforts to respond to the economic impact of COVID-19 on the Palestinian people, the World Bank approved today a second grant of US$10 million to support job creation. "The COVID-19 crisis has profoundly affected employment in an already faltering Palestinian economy. Private sector firms and workers, startups and small and medium enterprises (SMEs) are experiencing the economic brunt of the crisis. Job prospects become even more grim with greater impact on women and yo...

SHARE The World Bank approved a second grant of $10 million to help create more jobs for Palestinians during the Covid-19 pandemic, which has deepened the woes of an already struggling economy. The programme, known as Finance for Jobs II Second Additional Financing, or F4J II, is aimed at further stimulating private investment in sectors with high job-creation potential , the Washington-based lender said Private sector companies and workers, start-ups and small and medium enterprises are bearing the brunt of the health crisis, the World Bank said. Job prospects are even more grim for women...

Punch Newspapers Sections Everest Amaefule Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has said. The DMO on its portal on Sunday listed a number of foreign loans that were to be disbursed as of December 31, 2020. The disbursement of the loans will take the country’s total foreign debt commitment to more than $37.8bn. Our correspondent reports that the country’s external debt as of September 30, 2020 stood at $31.99bn. The outstanding loans from the group stands at about $3.27bn. Another $1.25bn is supposed to come f...

18 Feb in 18:33 Modern Diplomacy By limiting access to health, education, social protection, and jobs, the COVID-19 pandemic threatens to reverse human capital gains in Azerbaijan. In a recently published report, Survive, Learn, Thrive: Strategic Human Capital Investments to Accelerate Azerbaijan’s Growth, the government of Azerbaijan and the World Bank identify the main challenges to building and activating human capital and put a spotlight on high-impact interventions that respond to constraints, Modern Diplomacy writes. Fadia M. Saadah, World Bank Human Development Regional Director f...