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Tag Archives: World Bank

World Bank chief calls for more private sector buy-in on G20 debt relief

23 June 2020, 3:02 AM

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.

World Bank provides $400 mln to boost health insurance in Egypt

17 June 2020, 2:13 PM

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.

World Bank expects Tanzania’s economic growth to fall to 2.5% in 2020

8 June 2020, 7:31 PM

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.

Villagers in Togo bewail their homes swallowed by the sea

4 June 2020, 3:01 PM

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.

World Bank approves $1 billion funding for Kenya budget support

20 May 2020, 9:49 PM

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.

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