The World Bank Board of Directors approved a new US$ 300 million operation to support Argentina’s efforts to strengthen its social protection system and minimize the impact of the crisis on the most vulnerable families.
Countries across Latin America tightened measures on Wednesday to halt the spread of the deadly novel coronavirus, with more lockdowns and school closures as well as increased aid to the region's poorest.
The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries:
Brazil's largest city of Sao Paulo began fifteen days of lockdown to fight the spread of the coronavirus on Tuesday. This after Brazil's own president, Jair Bolsonaro, has faced fierce criticism for his blasé treatment to combat the threat, which he describes as a quote “little flu.”
By Gwynne Dyer – They teach you in journalism school never to use the phrase “…X has changed the world forever”. Or at least they should. Covid-19 is certainly not going to change the world forever, but it is going to change quite a few things, in some cases for a long time. Here’s eight of them, in no particular order.
Oil rose over 3% on Tuesday after the U.S. Federal Reserve said it would take steps to bolster the economy and on growing hopes the United States will soon reach a deal on a US$ 2 trillion coronavirus economic package.
A cruise ship with more than 1,800 people aboard - including 42 complaining of flu-like symptoms - was prevented from docking in Chile due to fears over the coronavirus.
Brazil’s President Jair Bolsonaro laid to rest a diplomatic spat with China in a call with President Xi Jinping on Tuesday, with the two agreeing to work together to fight coronavirus as Brazil’s largest city went into lockdown.
South Korea said it will send medical equipment to the United States to fight the coronavirus if it has any spare after an urgent request from US President Donald Trump in which he promised to help Korean firms gain US government approval.
The baile funk dance parties have been called off. Some open-air drug markets are closed for business. Gangs and militias have imposed strict curfews. Coronavirus is coming, and Rio de Janeiro's lawless favelas are gearing up for the onslaught.