Tag: World Bank

26 February 2021, 7:40 AM

A World Bank report shows economic recovery will be faster for African countries that deepen reforms and embrace digital technology.

Riot police officers stand guard during a rally against the military coup at the University of Yangon, in Yangon, Myanmar.

Myanmar police raid protest district as World Bank halts some payments

by Celestine Hendricks

Myanmar police launched a crackdown overnight in a neighbourhood of the main city of Yangon to break up a protest ...

Data compiled by Our World In Data, a scientific online publication, showed Israel was leading the world in COVID-19 vaccinations, with nearly 82 of 100 people vaccinated, while India and Bangladesh reported less than one person per 100, many African countries have not started at all.

World Bank pushing for standard vaccine contracts, more disclosure from makers

20 February 2021, 1:43 AM

The World Bank is working to standardise COVID-19 vaccine contracts that countries are signing with drug-makers, and is pushing manufacturers ...

The meetings usually bring some 10 000 government officials, journalists, business people and civil society representatives from across the world to a tightly-packed two-block area of Washington that houses their headquarters.

World Bank, IMF agree to hold April meetings online due to COVID-19 risks

21 January 2021, 1:07 AM

The International Monetary Fund and the World Bank have agreed to hold their spring meetings, planned for April 5-11, online ...

World Bank to invest $5 billion in 11 African countries

by Wendy Mothata

12 January 2021, 4:09 AM

The World Bank on Monday said it would invest over $5 billion over the next five years to help restore ...

The World Bank estimates it could lift tens of millions out of poverty by 2035.

African free trade tariff rules should be completed by July-official

by Raymond Akamby

11 January 2021, 3:05 PM

16 December 2020, 4:04 PM

Members of Africa's new free trade area should complete their tariff reduction schedules and finalise essential rules of origin by ...

Many Sudanese are unhappy with what they see as the slow or even negligible pace of change under the transitional government that has struggled to fix an economy in crisis.

Sudan welcomes US move to clear $1 bln in arrears to World Bank

by Sipho Kekana

24 November 2020, 6:30 PM

Sudan's finance ministry said on Wednesday that it welcomed the US Treasury's move to clear $1billion in Sudanese arrears to ...

Minister Tito Mboweni says they will not allow the World Bank to interfere with SA policies.

We won’t allow multilateral funders to impose policy conditions on SA: Mboweni

by Lerato Matlala

Finance Minister Tito Mboweni has assured South Africans that government will not accede to any policy condition imposed by multilateral ...

Ramaphosa said the continent was encouraged by global moves to review the debt obligations of developing nations; especially those in Africa

Financial fallout of COVID-19 will be severe on Africa: Ramaphosa

15 October 2020, 9:12 PM

President Cyril Ramaphosa, in his capacity as Chairperson of the African Union, has told the virtual high-level event of the ...

IMF chief sees $345 billion financing gap for African states

9 October 2020, 9:02 PM

Countries and institutions must do more to help African states weather the global pandemic and its economic impact, the International ...

At least 135 people were killed and 5 000 were injured in Tuesday’s explosion at Beirut port, which also left up to 250 000 without homes fit to live in after shockwaves smashed building facades.

World Bank says ready to mobilise financing for Lebanon blast recovery

6 August 2020, 1:30 AM

The World Bank Group said on Wednesday it stands ready to assess Lebanon’s damage and needs after a devastating Beirut ...

South Africa to approach World Bank for additional funding

by Bomkazi Malobola

31 July 2020, 8:11 PM

Finance Minister Tito Mboweni says National Treasury will approach the World Bank for additional funding.

Ngozi Okonjo-Iweala, former finance minister of Nigeria, takes part in a panel during the Clinton Global Initiative's annual meeting in New York in this file photo.

Nigeria’s WTO nominee says has “strong support” from Africa

30 June 2020, 7:55 PM

Nigeria’s candidate to head the World Trade Organization (WTO) said she feels “strong support” from Africa and expects African leaders ...

The Western Cape says lockdown restrictions are affecting the province's economy.

World Bank to loan $700 million to help Colombia coronavirus response

27 June 2020, 5:03 AM

The World Bank has approved a loan of $700 million to Colombia to help the Andean country in its fight ...

Nigeria needs to deepen reforms to boost growth, revenues: World Bank

26 June 2020, 7:34 PM

Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained recovery after a coronavirus-induced ...

Informal gold miners are seen taking a break from work under the midday sun at an artisanal mining site near Dano, southern Burkina Faso May 5, 2020.

World agencies step in as pandemic poverty hits artisanal miners

26 June 2020, 4:52 PM

From a $15 million World Bank fund to an experimental gold-buying project in Burkina Faso, development agencies are delivering financial ...

The five million people facing poverty due to COVID-19 come on top of the 2 million the World Bank had previously projected would become impoverished

Nigeria’s COVID-19 outbreak could impoverish 5 million people: World Bank

25 June 2020, 4:33 PM

Nigeria’s coronavirus outbreak may push 5 million people into poverty as it triggers the worst recession in the African powerhouse ...

A child receives a vaccination as part of the start of the seasonal flu vaccination campaign as a preventive measure due to the outbreak of coronavirus disease (COVID-19), in Santiago, Chile March 16, 2020.

Women, babies at risk as COVID-19 disrupts health services, World Bank warns

24 June 2020, 9:31 PM