Zambia Aims for World Bank Funds to Address Drought Crisis by Year-End

Zambia, facing the dire consequences of climate change, is actively working towards securing funding from the World Bank to combat the catastrophic effects of drought. President Hakainde Hichilema announced that the government is hopeful to obtain the necessary funding within the current year to effectively deal with food shortages and support local farmers.

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India Losing Manufacturing Ground to Smaller Rivals, World Bank Says

A recent report from the World Bank indicated that India is facing significant challenges in the manufacturing sector, losing competitiveness to smaller nations. Despite its economic size and growing population, India struggles to effectively compete with countries like Vietnam, Myanmar, and Bangladesh, which have become more attractive to investors in the manufacturing space. Key reasons for this trend include high labor costs, complex business regulations, and inadequate infrastructure.

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