World Bank debars two firms under India Reproductive and Child Health Projects

The World Bank has declared two India-based firms, Nestor Pharmaceuticals Ltd. (Nestor) and Pure Pharma Ltd. (Pure Pharma), ineligible to be awarded Bank-financed contracts. Both firms were found to have engaged in collusive practices in connection with the Bank-financed Reproductive and Child Health Project (RCH I) in India. Nestor has been debarred for a period of three years, while Pure Pharma is debarred for one year.

By Elets News Network

Science, Technology, Innovation Key to Changing Africa

According to the the United Kingdom

By Elets News Network

UN summit aims to harness technology for Africa

Secretary-General Ban Ki-moon and the head of the United Nations International Telecommunication Union (ITU) have strongly endorsed a summit to be held in 2007, which aims to boost information and communication technology (ICT) infrastructure in Africa to advance development on the continent. The Connect Africa Summit, to be held in Kigali, Rwanda, from 29 to 30 October, will bring together the private sector, governments and international organizations so as to seek ways to address the

By Elets News Network

Governance matters from 1996 to 2006: World Bank Report

The report, Governance Matters, 2007: Worldwide Governance Indicators 1996-2006 (of the World Bank) recently launched, shows that a number of countries-including in Africa-are making progress in improving governance and fighting corruption.

By Elets News Network

Legislation Committee urges Karnataka Govt. to open BangaloreOne centres

A Subordinate Legislation Committee of the State Legislature on E-governance has urged the Karnataka state government to open BangaloreOne type centres, in all district headquarters for the benefit of the public.

By Elets News Network

World Bank grants US $8 million fund to Mongolia

The World Bank is funding to Mongolia to upgrade information and communications services across the country with the help from Japan.

By Elets News Network

World Bank supports Bangladesh’s efforts to improve public procurement system

The World Bank has approved a US$ 23.6 on 5 July, 2007 million credit from the International Development Association (IDA) to support the Government of Bangladesh

By Elets News Network

MIGA supports telecommunications investment in Afghanistan

The Multilateral Investment Guarantee Agency (MIGA), which is a member of the World Bank Group, has said that it would be supporting a new investment that will provide state-of-the-art telecommunications services in Afghanistan. The guarantee, which is of the amount US$ 76.5 million in coverage, will protect the investment against the noncommercial risks of transfer restriction, and expropriation.

By Elets News Network

Use satellite technology for water management

The chairman of Indian Space Research Organisation (ISRO), G. Madhavan Nair, has called for the application of satellite technology for better water management in Kerala, India.

By Elets News Network

Good governance helps in economic growth

Well-run governments get better results out of their budget resources, according to a study by the World Bank titled ‘Fiscal Policy and Economic Growth: Lessons for Eastern Europe and Central Asia’. The study draws on quantitative analysis and case studies to confirm that more productive public spending, lower fiscal deficits, and greater reliance on non-distorting taxes can spur economic growth.

By Elets News Network