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World Bank Calls for Global Initiative to Scale Up Geothermal Energy in Developing Countries

World Bank Calls for Global Initiative to Scale Up Geothermal Energy in Developing Countries

The World Bank today announced a major international effort to expand renewable power generation in developing countries by tapping an underutilized resource: geothermal energy. World Bank Managing Director Sri Mulyani Indrawati called on donors, multilateral banks, governments and the private sector to join a Global Geothermal Development Plan (GGDP) to better manage and reduce risks of exploratory drilling […]

WB urges developing countries to safeguard economic growth, as road ahead remains bumpy

WB urges developing countries to safeguard economic growth, as road ahead remains bumpy

Four years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak. Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the Euro Area and fiscal policy in the United States, says the […]