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Tag Archives: World Bank

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.

Social groups urge mass debt relief for poor countries hit by crisis

7 April 2020, 3:14 AM

Nearly 140 campaign groups and charities urged the IMF and World Bank, G20 governments and private creditors on Tuesday to help the world’s poorest countries through the coronavirus crisis by cancelling debt payments.

World Bank sees ‘major global recession’ due to pandemic

5 April 2020, 2:25 AM

World Bank Group President David Malpass on Friday said the rapidly spreading COVID-19 pandemic was expected to cause a “major global recession” that would likely hit the poorest and most vulnerable countries the hardest.

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