Search results for: world-bank

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  • 26 September 2017
    Business & Finance

    People from Niutao and Nanumanga, outer islands of Tuvalu, rely heavily on shipping operations for the supply of life’s necessities but also to prepare and respond to a crisis or emergency, according to Deltares’ latest announcement. New maritime infrastructures are expected to improve livelihoods for the local population and the resilience of Tuvalu’s maritime sector, […]

  • 8 June 2017
    Business & Finance

    ​Piedroba’s Dr. Luis Prieto-Portar and Jelle Prins recently assisted the World Bank in organizing a weeklong study tour for a delegation of Bangladeshi Inland Waterway and Transportation Experts. The tour took place on May 14-19 in Belgium and the Netherlands and was a productive week full of knowledge transfer between a variety of dredging and […]

  • 13 December 2017

    World Bank Group, an international financial institution, has decided to stop financing upstream oil and gas in a bid to help battle climate change. 

  • 29 January 2016

    The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. The lower forecast reflects a number of supply and demand factors. These include sooner-than-anticipated resumption of exports by the Islamic Republic of Iran, greater […]

  • 13 December 2017

    World Bank Group (WBG), a global multilateral development institution, said it will no longer finance upstream oil and gas, after 2019.  The announcement was made during a One Planet Summit on Tuesday by WBG president Jim Yong Kim. The WBG is focusing its support to developing countries for the effective implementation of the Paris Agreement’s goals. According to WBG, only […]

  • 21 March 2017
    Business & Finance

    Sweco, a Swedish engineering consultancy company, has signed new consultant service agreements for the Odra-Vistula Flood Management project in Poland. These represent Sweco’s third and fourth contracts under the scheme and have an aggregate value of PLN 24 million (approximately SEK 53 million or EUR 5.5 million), the company said. The Odra-Vistula Flood Management project, […]

  • 16 March 2015
    Business & Finance

    Oil service company Tidewater is set to receive around USD 46 million plus interest and partial legal costs from Venezuela for the expropriation of its business and ships. The compensation payment has been ordered by the International Center for the Settlement of Investment Disputes (ICSID), a World Bank tribunal, Reuters reports citing a statement from Venezuelan government. Venezuelan authorities […]

  • 7 April 2017
    Business & Finance

    IFC – International Finance Corporation, a member of the World Bank Group, is providing a $37 million loan to MV Cargo to support the construction of a new grain terminal at the Black Sea Port of Yuzhny. IFC’s financing will allow the company to build a terminal capable of handling up to 5 million tons […]

  • 22 March 2018

    Completion of the Meizhou Bay navigation improvement project will enable CNOOC’s Fujian LNG terminal to receive Q-Flex liquefied natural gas carriers in the future. 

  • 8 January 2015

    Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects. The decline in oil prices reflects a confluence of factors, including several years of upward surprises in oil […]

  • 12 April 2016
    Business & Finance, Environment

    World Bank Group intends to help developing countries add 30 GW of renewable energy to the world’s energy capacity by 2020, the organization revealed in its new Climate Change Action Plan.

  • 12 August 2015
    Business & Finance

    Indian Government and the World Bank yesterday signed two financing agreements aimed at reducing vulnerability of coastal communities from cyclones and hydro meteorological hazards. The National Cyclone Risk Mitigation Project-I (NCRMP-I) and NCRMP-II, valued at $104 million and $308.4 million respectively, will help eight Indian states – with coastlines on either sides of the peninsula – improve […]

  • 30 March 2017
    Business & Finance, Equipment, Technology

    Throughout the world, nature-based solutions are gaining ground over traditional engineering solutions for the reduction of flood risks, an independent institute for applied research in the field of water and subsurface, Deltares, said in its latest announcement. When implemented properly, they generate additional benefits for local residents, nature and, ultimately, the economy. But a lot […]

  • 6 June 2018
    Business & Finance

    The World Bank and the Government of the Republic of the Marshall Islands this week launched two climate change related projects that will increase investments in renewable energy, promote energy efficiency and enhance the country’s resilience to the impacts of climate change. The Marshall Islands is amongst the countries’ most vulnerable to climate change and […]

  • 16 December 2016

    World Bank members IFC and MIGA will commit more than half a billion dollars in debt and guarantees to support Vitol and Eni’s Sankofa offshore oil and natural gas project in Ghana. The $7.7 billion Sankofa project will be developed by Vitol Ghana and Eni Ghana, in partnership with Ghana’s National Petroleum Corporation. IFC has […]

  • 15 July 2014

    The private lending arm of World Bank will help finance an LNG export project in Colombia with a total investment of over $300 million. The floating LNG plant, that is about to start operations next year in Colombia, received $240 million and the International Finance Group will invest further $75 million in the plant, Lance Crist, […]

  • 13 April 2017
    Business & Finance

    The World Bank will support India with a $375 million loan in their plans to develop its first modern inland water transport fairway on a 1,360 km-stretch of the Ganga River between Varanasi and the seaport of Haldia. The World Bank’s Board yesterday approved this loan loan to help the Inland Waterways Authority of India […]

  • 8 June 2017
    Business & Finance

    The Ukrainian Seaports Authority (USPA) has just announced that they will update the Ports Development Strategy 2038 in cooperation with the World Bank experts. The delegation from the financial institute is currently holding a series of meetings with ministries and industry enterprises, visits the largest ports to discuss cooperation and provide technical assistance in the […]

  • 24 April 2015

    LNG player BG Group said it is supporting the World Bank ‘Zero Routine Flaring by 2030’ initiative to eliminate routine gas flaring at operated oil production sites. The initiative has been endorsed by nine countries, ten oil companies and six development institutions. It was launched last week by United Nations Secretary-General, Ban Ki-moon and World […]

  • 11 April 2019

    The World Bank has approved a $20 million credit from the International Development Association (IDA) to strengthen institutions, laws, and regulations to promote good governance and a prudent management of Guyana’s oil and gas sector.

  • 26 January 2017

    Tanzania’s port of Dar es Salaam has taken a step toward a major expansion project as the World Bank agreed to provide the country with funds for a number of development works, according to Reuters. Namely, Tanzania will receive an amount of up to USD 305 million for the port development as it looks to become […]

  • 1 November 2019

    Brazil, India, Morocco, the Philippines, South Africa, Sri Lanka, Turkey, and Vietnam have a total technical offshore wind potential of approximately 3.1 terawatts, according to a report published by World Bank on 1 October 2019. The report Going Global: Expanding Offshore Wind to Emerging Markets identifies 1TW of fixed-bottom offshore wind and almost 2.1TW of […]