When the Manila Light Rail Transit (LRT) extension project reached financial close in March 2016 it was a landmark event for the Philippines and for Southeast Asia. It is an achievement for an enormous project worth some US$1.1 billion to go ahead in a region with not much of a track record of large-scale transport Public-Private Partnerships (PPPs). The project’s winning formula is a combination of at-times difficult ingredients: government responsiveness, a balanced risk profile, and project bankability. Continue reading
The World Bank is currently negotiating with the government of Myanmar a National Electrification Project worth a total of $567, of which $400 will be provided by the World Bank.
The project development objective is to help increase access to electricity in Myanmar. This is to be achieved through the following components: Continue reading
On June 22, we reported that the World Bank Board of Directors was to discuss the Vietnam Sustainable Agriculture Transformation Project, worth a total of $314 million, of which $238 million is provided by the World Bank. This project is now approved.
The Project Development Outcome is to improve farming practices and value chains in the targeted project areas, and promote institutional strengthening of relevant public agencies in effective support to implementation of the Agricultural Restructuring Plan. The project consists of three different components:
Blog by Axel van Trotsenburg , Vice President, East Asia and Pacific Region World Bank. This blog was published on March 13th, 2015 on the World Bank website.
Every time I learn of another natural disaster – the people killed and injured, homes destroyed, livelihoods lost – I know we must act to reduce the tragic impact instead of waiting for the next disaster strikes.
We have that chance with this year’s World Conference on Disaster Risk Reduction in Sendai, which seeks to finalize the successor to the Hyogo Framework for Action (HFA2) that guides policymakers and international stakeholders in managing disaster risk. The conference is an opportunity to set new milestones in disaster risk reduction and fighting poverty.