Tag: World Bank

Friday, June 12th 2020 - 09:59 UTC
Fallout from pandemic could plunge 395 million people into extreme poverty

The economic fallout from the coronavirus pandemic could plunge an extra 395 million people into extreme poverty and swell the total number of those living on less than US$1.90 a day worldwide to more than 1 billion, researchers said in a report on Friday.
Tuesday, June 9th 2020 - 07:19 UTC
World Bank loans Mexico one billion dollars to cope with coronavirus effects

Mexico has taken out a one billion US dollars loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business newspaper reported on Sunday.
Tuesday, May 26th 2020 - 07:40 UTC
Carmen Reinhart, appointed World Bank Chief Economist

World Bank Group President David Malpass announced on Monday that Carmen Reinhart has been appointed as the new Vice President and Chief Economist of the World Bank Group. Reinhart’s appointment is effective on June 15, 2020.
Wednesday, April 15th 2020 - 13:14 UTC
As demand from China and G7 members plunges, LAC faces sharp decline in growth, World Bank report

The Latin America and Caribbean (LAC) region is seeing a sharp decline in growth due to the COVID-19 (coronavirus) crisis, which requires several policy responses to support the most vulnerable, avert a financial crisis, and protect jobs, according to a new report from the World Bank.
Saturday, April 4th 2020 - 08:10 UTC
Pandemic: Paraguay receives US$ 20 million to support its health system

The World Bank Board of Directors approved today a loan of US$20 million to support Paraguay in strengthening its health system in the face of the coronavirus pandemic (Covid-19). In the context of the country's current health situation, already affected by the worst dengue outbreak in recent years, the project will help strengthen the already overburdened health system through the purchase of medical supplies and equipment.
Saturday, April 4th 2020 - 08:08 UTC
World Bank US$ 35 million emergency loan for Argentina to combat coronavirus

The World Bank Board of Directors today approved a US$ 35 million emergency loan to support the Argentine government efforts to minimize the impact of the COVID-19 pandemic on the health system through the procurement of medical supplies and equipment. This financing forms part of a World Bank fast track package of up to US$ 14 billion to help countries cope with the health and economic impacts of the COVID-19 pandemic.
Thursday, March 26th 2020 - 08:27 UTC
Argentina's “Children and youth protection project” receives US$ 300 million from World Bank

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.
Thursday, March 26th 2020 - 08:01 UTC
World Bank and IMF call on bilateral creditors to suspend payments from poor countries

The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries:
Tuesday, March 24th 2020 - 08:46 UTC
World Bank approves fast track financing to respond to Covid 19

The World Bank and IFC’s Boards of Directors approved an increased US$ 14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease containment, diagnosis, and treatment, and support the private sector.
Thursday, February 20th 2020 - 08:54 UTC
World Bank aid to the neediest countries ended in offshore bank accounts, shows data from tax havens and BIS

World Bank aid payments to the neediest countries appear to trigger money flows to offshore bank accounts, suggesting funds are siphoned off from the nations they are meant to help, according to a study published on Tuesday.