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Tag Archives: World Bank

IMF, World Bank urge action to cover $44 bln gap in Africa’s pandemic needs

18 April 2020, 1:19 AM

African leaders, the IMF and the World Bank on Friday appealed for rapid international action to help African countries respond to the coronavirus pandemic that will cause the continent’s economy to shrink by 1.25% in 2020, the worst reading on record.

IMF’s Georgieva underscores need to help Africa, other emerging markets

17 April 2020, 9:43 AM

International Monetary Fund chief Kristalina Georgieva urged governments and the private sector to step up their efforts to help African countries and other emerging markets weather the economic and health impacts of the coronavirus pandemic.

Absa to finance new coal projects only under ‘extenuating’ circumstances

16 April 2020, 5:38 PM

South Africa’s Absa bank published its policy on coal financing on Thursday, joining other lenders in the opting not to rule out funding for new coal projects altogether.

Sub-Saharan Africa to fall into recession in 2020: World Bank

9 April 2020, 9:41 PM

The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the World Bank said in a new forecast on Thursday.

Lockdowns: Saving lives but ruining livelihoods in Africa

7 April 2020, 3:55 PM

In a dark ground-floor room in Lagos, dressmaker Kemi Adepoju gazes at a pile of dresses she has made but which cannot be collected due to the lockdown in force to slow the spread of the new coronavirus.

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