18 Apr The Development Committee met, April 16, in Washington, D.C.

“Global growth continues to disappoint in 2016. Substantial downside risks to growth remain, including weak demand, tighter financial markets, softening trade, persistently low oil and commodity prices, and volatile capital flows. We call on the World Bank Group (WBG) and the International Monetary Fund (IMF), within their respective mandates, to monitor these risks and vulnerabilities closely, and update the Debt Sustainability Framework for Low-Income Countries. We also call on them to provide policy advice and financial support for sustained, inclusive and diversified growth and resilience.”

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11 Apr Kenya to tap into Rift Valley geothermal resources and strengthen private sector investment in renewable energy

“With African Development Bank (AfDB) support, Kenya has received approval from the Climate Investment Funds’ Clean Technology Fund (CIF-CTF) for a US $29.65-million concessional loan to co-finance up to two geothermal projects to increase the country’s power capacity, particularly drawing on untapped geothermal resources in the Rift Valley. The programme will build on the energy advancements already underway in the successful development of the country’s showcase Menengai Geothermal Field.”

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