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World Bank: Income distribution better than energy subsidies

In a comprehensive analysis of growth in East Asia and the Pacific, the World Bank has warned that policy responses to distortions in food and energy markets may reduce funding for infrastructure, health and education.

ADB: €193m for Heilongjiang environmental improvement

The Asian Development Bank (ADB) has approved a $193 million loan for environmental improvement and low-carbon development in Heilongjiang, China. 

ADB president warns of four global risks

Asian Development Banks’s Masatsugu Asakawa warns that China’s slowdown, global financial instability, Russia’s invasion of Ukraine, and the threat of new Covid variants are serious threats to Asia’s economic recovery and development. 

AfDB president: Roses of growth come with debt thorns

Dr Akinwumi Adesina has told an audience in New York that huge opportunities for growth in Nigeria and Africa risk being held back by debt and climate change. 

AfDB provides Desert to Power training in Chad

African Development Bank (AfDB) has provided financial modelling training to staff of the government of Chad as they prepare the national utility for Desert to Power interventions in the country. 

Nigeria’s 2060 Energy Transition Plan ‘a practical and holistic approach’

Nigerian vice president Yemi Osinbajo makes case for decisive action on net zero and universal energy, launching major programmes that industry has been quick to support.  

WEF tests drones for infrastructure leapfrog in India

Medicine from the Sky in Arunachal Pradesh is a six-month project to analyse the response of the state’s healthcare system when integrated with drones. Its potential to connect regions without conventional road deliveries is an indication of where leapfrogging may take us.  

Professional liability: Expanding scope of indemnity insurance

In the fifth of a series of articles, FIDIC president Tony Barry looks at strategies for professional indemnity insurance against the backdrop of much changed professional liability conditions.  

Rakiza announces $300m PIF investment

Private equity infrastructure fund co-managed by Oman Infrastructure Investment Management (OIM) and Equitix, receives capital commitment from Saudi sovereign wealth fund. 

Professional liability: Consumer and competition law

In the fourth of a series of articles, FIDIC president Tony Barry looks at how consumer law impacts on professional liability, pushing up costs and reducing scope for innovation across infrastructure.  
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