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Tag Archives: World Bank

World Bank to provide COVID-19 finance to 50 countries by mid 2021

David R. Malpass

The World Bank will provide 50 countries with finance to buy COVID-19 vaccines by mid-2021, Mr David Malpass, World Bank Group President, has said. David R. Malpass, President of the World Bank Group Malpass made this known on Wednesday, April 7, 2021 in Washington D. C. during a news  conference at the ongoing 2021 Spring Meetings which began on Monday. ...

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World Bank Spring Meetings to address sovereign debt and nature crises

David R. Malpass

The World Bank Group-International Monetary Fund Spring Meetings holding virtually from April 9 to 11, 2021 will, amid the mounting sovereign debt crisis exacerbated by COVID-19 economic slowdowns, focus on how to address the sovereign debt crisis while enabling an inclusive green recovery. David R. Malpass, President of the World Bank Group The fiscal impacts of the COVID-19 pandemic have ...

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Nigeria, 18 other African countries to benefit from World Bank’s $22.5m electricity grant

Sale Mamman

Nigeria and 18 other African countries will benefit from World Bank’s $22.5 million additional financing for the Regional Off-Grid Electricity Access Project (ROGEAP) in Western and Central Africa. Minister of Power, Sale Mamman The World Bank announced this in a statement issued on Friday, March 12, 2021 in Washington D.C., adding that its board of Executive Directors had approved the ...

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Poor countries need billions for vaccination – World Bank president

David R. Malpass

Overcoming the economic consequences of the coronavirus pandemic requires international cooperation and debt reduction in poor countries, according to World Bank President David Malpass. David R. Malpass, President of the World Bank Group This is what the head of the global finance and development organisation told the Italian newspaper La Stampa ahead of an online meeting of the G20 group ...

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Tackling climate change will engender economic growth – World Bank, others

Jingdong Hua

The World Bank, FMDQ and other stakeholders in the financial space say tackling climate change impact in Africa will engender sustainable economic growth. Dr Jingdong Hua, Vice President and Treasurer of the World Bank, as well as Pension Finance Administrator of the World Bank Group The stakeholders spoke at the second webinar series of the Africa Investment Roundtable (AIR) on ...

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World Bank approves $114.28m for Nigeria to battle COVID-19

Coronavirus

The World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with specific focus on state level responses.  Coronavirus According to a statement from the bank on Friday, August 7, 2020, the amount includes $100 million credit from the International Development Association (IDA) and $14.28 million grant from the Pandemic ...

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$33m hydropower scheme to end Solomon Islands diesel fuel reliance

Manasseh Sogavare

The Solomon Islands, in the heart of the Pacific, relies on expensive imported fuel for nearly 100% of its electricity. It has some of the highest energy costs in the world, and one of the lowest rates of connection in the world; just 9% of Solomon Islanders are connected to the electricity grid. Succour has however emerged with the approval ...

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World Bank announces Agritech Challenge

Makhtar Diop

The World Bank and Nest in Nairobi announced on Thursday, July 6, 2017 a call for applications for the Agritech Challenge 2017. The initiative is the first open innovation programme of its kind in Kenya. Its aim is to connect promising startups and innovators with one of the region’s leading agribusiness corporates. The challenge, which is sponsored by the World Bank, aims ...

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Fadama bags World Bank award

Makhtar Diop

The Additional Financing to the Third Fadama Development Project (Fadama III-AF) has been honoured with the Africa VPU Team Award by the World Bank. The award was announced by the Vice President for Africa of the World Bank, Makhtar Diop. It will be recalled that Fadama-II got the Award in 2007 and Fadama-III secured the same in 2014. The Africa ...

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Changing environmental trajectory to build Africa’s sustainable cities

Kampala

The Nakivubo wetland, one of several large wetland systems within and around the Ugandan city of Kampala, is severely degraded. The volumes of contaminated runoff entering wetland channels from informal areas and partially treated wastewater from the overburdened sewage works have increased significantly. The city is considering rehabilitating the Nakivubo wetland, but it would cost $53 million, in addition to ...

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