Scale Up Facility News Today : Breaking News, Live Updates & Top Stories | Vimarsana

At the start of the COVID pandemic, we examined how major deteriorations in low-income country (LIC) debt levels could influence the grant funding requirements for IDA, the World Bank’s low-income-country lending arm. IDA provides a mix of concessional credits (which need to be repaid) and grants (which do not) to eligible countries, depending on the country’s economic situation. That means that as country debt situations worsen, IDA’s mix automatically shifts to a higher proportion of grants, which are more costly to provide.

Kenya and Tanzania have been competing as the preferred entry point by Uganda, Rwanda, Burundi, South Sudan and the DRC.

WASHINGTON, December 16, 2022 — The World Bank approved the “Advancing Uzbekistan's Economic and Social Transformation Development Policy Operation,” which supports the continued implementation of economic and social reforms in Uzbekistan.

As Bangladesh steps towards graduation from the status of a least developed country expected in 2026, new challenges are emerging. In 1972, food was a priority. For a few decades since then, the key focus was poverty reduction. Today, the challenge is to move upward – attaining the upper middle-income status by 2031. To achieve this vision, Bangladesh needs to create jobs,

The International Development Association (IDA), a concern of the World Bank, will extend USD $ 295 million Scale Up Facility (SUF) loan to Bangladesh for enhancing digital government & economy (EDGE) projects.   The project will be implemented by Bangladesh Computer Council under ICT Division.…