Tag Results for World Bank (3)

  1. World Bank Sharply More Pessimistic on Economic and Energy Outlook

    The World Bank has issued a report this week that takes a much darker view of the future than that in a recent report from the International Energy Agency, which indicated that strong economic growth would soon resume, driving oil prices back higher as wellâ''along, possibly, with prices in general. The World Bankâ''s Global Economic Prospects report, to the contrary, concludes that the global commodity boom of the last five years is over, period. That means for at least the next year or two, sharp declines in world trade and little or no growth in production, and …

    • |
    • 0
  2. Out of Africa: Alternative lighting

    The World Bank keeps raising the curtain on an unusual campaign to stimulate alternative and non-traditional sources of "off-grid" electricity for Africans. The World Bank's "Lighting Africa" initiative held its first business development conference last week, in Accra Ghana. The conference is the latest move by the initiative to link private businesses with African partners in the area of "off-grid" electricity â''Ã'ì solar, small hydro, wind, geothermal and other self-contained systems. The campaign is a big departure for the World Bank, which for decades has loaned money â''Ã'ì or helped back loans â''Ã'ì to national governments who built …

    • |
    • 0