The Asian Infrastructure Investment Bank (AIIB) is helping the Government of Turkey finance Infrastructure for Tomorrow (i4t) through a connectivity project that aims to increase rail transport safety, passenger and freight capacity and speed between Turkey and the European Union. AIIB’s Board of Directors approved a EUR300 million financing for the Ispartakule-Cerkezkoy Railway Project that involves the construction of a new double-track, electrified high-speed railway between Ispartakule … [Read more...] about AIIB to support construction of rail transport corridor and bolster Turkey-EU connectivity
WHO to ramp-up support to LMICs to address antimicrobial resistance with Saudi Arabia’s contribution
For nearly one hundred years, antimicrobials – the collective term for antibiotics, antivirals, antifungals and antiparasitics - have been at the heart of modern health care. With their discovery in the early part of the 20th century, a new era of remarkable advances in human health began, enabling health-care professionals to prevent and treat infections in humans, animals and plants that once caused extensive suffering and mortality, transforming the wellbeing of millions of people around … [Read more...] about WHO to ramp-up support to LMICs to address antimicrobial resistance with Saudi Arabia’s contribution
UNWTO members support leadership and back plan for tourism’s future
The Member States of the World Tourism Organization (UNWTO) have strongly aligned themselves behind its leadership and vision for the sector. Coming together for the 24th General Assembly in Madrid, Spain, Members from every global region approved the Organization’s Programme of Work and endorsed key initiatives designed to build a more a resilient, inclusive and sustainable tourism. The General Assembly has brought together more than 1,000 delegates from 135 countries, including 84 … [Read more...] about UNWTO members support leadership and back plan for tourism’s future
EIB study sheds light on impact of Covid on African banks and business financing
The European Investment Bank (EIB) has published a unique analysis of the impact of COVID-19 on financing across Africa. The Finance in Africa 2021 report surveyed 78 leading banks and financing institutions active across sub-Saharan Africa to examine the impact of the pandemic on banking and business lending, investigate how Africa’s financial sector is harnessing the digital revolution and detail the challenges and opportunities of green finance for banks. Thomas Östros, European … [Read more...] about EIB study sheds light on impact of Covid on African banks and business financing
3RF Consultative Group discuss progress achieved so far in various sector of development
The Consultative Group (CG) of the Reform, Recovery and Reconstruction Framework (3RF) held its third meeting. The 3RF Consultative Group consists of the Government of Lebanon, Lebanese civil society, the European Union, United Nations, the World Bank and international donors. Together they monitor progress and give strategic direction to the reforms and activities under the 3RF. The 3RF Consultative Group members discussed progress achieved so far and next steps in four main sectors: the … [Read more...] about 3RF Consultative Group discuss progress achieved so far in various sector of development
ADB Director General reaffirms development partnership with Tajikistan
Asian Development Bank (ADB) Director General for Central and West Asia Yevgeniy Zhukov reaffirmed ADB’s support for Tajikistan’s development priorities in a series of meetings with senior government officials. Mr. Zhukov met with the Prime Minister of the Republic of Tajikistan Kohir Rasulzoda, First Deputy Prime Minister and ADB Governor Davlatali Said, and other senior officials during his first official visit to the country on 13–16 November. Mr. Zhukov, stated: “For 23 years, ADB has … [Read more...] about ADB Director General reaffirms development partnership with Tajikistan
G20 members received 15 times more Covid vaccine doses per capita than sub-Saharan African countries
According to a new analysis.G20 countries have received 15 times more COVID-19 vaccine doses per capita than countries in sub-Saharan Africa (excluding South Africa, which is a G2O country). The analysis, conducted by science analytics company Airfinity, exposes the severity of vaccine inequity between high-income and low-income countries, especially in Africa. It found that doses delivered to G20 countries per capita are: 15 times higher than doses delivered per capita to sub-Saharan … [Read more...] about G20 members received 15 times more Covid vaccine doses per capita than sub-Saharan African countries
Nepal and World Bank launch $60m Nurturing Excellence in Higher Education Program
In Nepal, the Nurturing Excellence in Higher Education Program (NEHEP) jointly launched by the University Grants Commission, Ministry of Education, Science and Technology, and the World Bank. The five-year program aims to improve the quality and labor market relevance of Nepal’s higher education, scale up collaborative research and online learning, and expand access to academic institutions for underprivileged and vulnerable students from disadvantages areas. Mr. Ram Prasad Thapaliya, … [Read more...] about Nepal and World Bank launch $60m Nurturing Excellence in Higher Education Program
Afghanistan is now among the world’s worst humanitarian crises: WFP Executive Director
According to the latest Integrated Food Security Phase Classification (IPC) report, more than half the population of Afghanistan – a record 22.8 million people - will face acute food insecurity from November. The report issued by the Food Security and Agriculture Cluster of Afghanistan, co-led by the Food and Agriculture Organization of the UN and the UN World Food Programme. The combined impacts of drought, conflict, COVID-19 and the economic crisis, have severely affected lives, … [Read more...] about Afghanistan is now among the world’s worst humanitarian crises: WFP Executive Director
El Salvador: IDB to increase resilience to natural disasters and health emergencies
The Inter-American Development Bank (IDB) has approved a $400 million contingent financial agreement for a program to help offset the possible impact of natural disasters and health emergencies on El Salvador’s public finances. The project will allow the country to build greater financial resilience against earthquakes, tropical cyclones, volcanic eruptions, and future epidemic and pandemic outbreaks. In addition, it will provide timely access to resources in case of both natural disaster … [Read more...] about El Salvador: IDB to increase resilience to natural disasters and health emergencies
