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World Bank

The World Bank has signed an agreement with Vietnam in the amount of $221.5 million to finance the country’s recovery from the coronavirus pandemic. “The government of Vietnam and the World Bank has signed an agreement for financing of US$221.5 million to support Vietnam’s recovery from the COVID-19 pandemic through policy reforms aimed at improving […]

The EDEIP complements ongoing power sector support from the World Bank. Washington: The World Bank’s Board of Executive Directors has approved USD 195 million loan for Pakistan in order to improve electricity distribution and implement energy sector reforms to increase service quality for consumers. “The Electricity Distribution Efficiency Improvement Project (EDEIP) will help distribution companies […]

Özmen-3 Geothermal Power Plant, Manisa, Turkey (source: EGESIM) The World Bank has approved two loans of $300 million in funding to help development of over 380 MW of new geothermal capacity in Turkey. The World Bank’s Board of Directors has approved two loans worth $300 million for the Geothermal Development Project in Turkey, to support the development […]