The Group of 20 major economies’ debt relief initiative for the world’s poorest countries has made good progress, but additional relief and greater participation by private sector creditors are needed, World Bank President David Malpass said on Monday.
The World Bank said on Tuesday it would provide $400 million to support universal health coverage in Egypt as the country struggles with rising numbers of new coronavirus cases.
Tanzania’s economic growth is expected to drop to 2.5% in 2020 from 6.9% last year, the World Bank said on Monday, citing the impact of the coronavirus pandemic.
The Togolese coastal community of Baguida has always had the ocean at its doorstep, but the waves have lapped higher and higher in recent years, destroying homes and locals’ hopes for the future.
The World Bank has approved a $1 billion loan for Kenya to help it close a gaping budget deficit and tackle the economic shocks from the coronavirus pandemic, both sides said on Wednesday.