The increasingly warm relationship between South Africa and the Bretton Woods institutions (World Bank and IMF) is probably pushing Nelson Mandela to turn in his grave. The World Bank’s $750 million Development Policy Loan (DPL) to Pretoria in late January signals the red line Madiba took after becoming South Africa’s first democratically elected president in […]
The Board of Directors of the World Bank today approved a loan of EUR 26.5 million for the fourth Public Sector Modernization Project (PSMP IV) for Armenia. The project is the fourth in a series of public sector modernization projects in Armenia and will help the government improve efficiency and access to selected government services […]
According to Finance Minister Enoch Godongwana, the recent World Bank loan of R11 billion to South Africa is an exceptional credit facility on favorable terms. The Minister and the National Treasury, led by Director General, Dondo Mogajane, gave the assurance during a detailed presentation on the loan to the Parliament’s Standing Finance Committee on Tuesday. […]
KOLKATA: The World Bank has approved a $125 million (about Rs 1,000 crore) loan to Bengal to expand coverage of about 400 state-run social schemes, especially direct cash transfers targeted at vulnerable sections , over the next four years. The Bank said a recent survey found that while food and in-kind transfers reached most poor […]
Kolkata: The World Bank has approved a $125 million (about Rs 1,000 crore) loan to Bengal to expand coverage of about 400 state-run social schemes, especially direct cash transfers to sections vulnerable over the next four years.The Bank said a recent survey found that while food and in-kind transfers reached most poor and vulnerable households […]
Kolkata: The World Bank has approved a $125m (about Rs 1,000 crore) loan to the government of West Bengal for inclusive social protection in what appears to be a major acknowledgment of Chief Minister Mamata Banerjee’s social pension schemes for groups vulnerable in society. On Saturday, the state government said: “The foresight of the Honorable […]
Here is your daily news update. Click on the links below for the full story or visit our homepage for the latest news. Daily News January 22 Mafe was inside Parliament for more than a day – report Parliament arson accused Zandile Mafe is said to have spent at least 30 hours inside the parliament […]
(Add details) CAPE TOWN, Jan 21 (Reuters) – The World Bank has approved a $750 million loan to South Africa related to COVID-19, aimed at helping protect the poor and support economic recovery from the pandemic, the National Treasury announced on Friday. The continent’s second-largest economy, South Africa has been hit hard by four waves […]
Marie Françoise Marie-Nelly, the World Bank’s director for South Africa, said the loan would relieve “the effects of the most severe economic crisis that South Africa has experienced in the past 90 years, while tackling long-standing challenges to growth and development”. Image: Provided The World Bank announced Friday morning that it had approved South Africa’s […]
Philstar.com December 22, 2021 | 2:47 p.m. MANILA, Philippines — The World Bank on Wednesday approved a new loan that would help fund the Philippine government’s purchase of additional coronavirus vaccines. The “Philippines COVID-19 Emergency Response Project – Supplementary Financing 2” (PCERP-AF2) will cover the purchase and delivery of doses to people aged 12 to […]
The federal government said it had secured a $700 million loan from the World Bank for specific water projects in the country. The government has said that most of the water supply issues in the country are the responsibility of state governments. Water Resources Minister Suleiman Adamu made the revelation while addressing reporters on the […]
The World Bank Board of Directors approved two loans worth $ 300 million (TL 5.3 billion) to support the development of renewable energy by harnessing deep heat sources as part of the project geothermal development in Turkey, according to the bank. The loans provide additional funding for two initial loans valued at $ 250 million. […]
WASHINGTON, December 17, 2021 – The Board of Directors of the World Bank today approved a loan of EUR 300 million Second Economic Recovery Development Policy Loan (DPL) for Ukraine in support of reforms critical to the country’s economic recovery and growth, and to help mitigate the effects of the COVID-19 pandemic. The main reforms […]
The World Bank is providing the Philippines with another loan worth $ 600 million to help stimulate the economy and support other important reforms. The pandemic has caused extreme havoc and continues to destroy the global economy. Even rich countries are feeling the effects, what more can developing countries ask for? Different nations are turning […]
The World Bank has approved a new $ 600 million loan that aims to support the Philippines’ economic recovery from the coronavirus pandemic. In a statement, the Washington-based multilateral institution said it had approved funding for the government’s reform program to position the country for a more competitive and resilient economic recovery. The sub-program’s Development […]
The World Bank will lend Poland 250 million euros to help it improve its air quality and energy efficiency, according to a bank statement released on Thursday. The money will be used to support the priority program Clean Air, which is implemented by the Polish Ministry of Climate and Environment in cooperation with the National […]
Dear President David Malpass: The public would want to know why the World Bank serves as Liberia’s economic adviser and at the same time serves as Liberia’s largest creditor of money. The Bank should focus on making profits by lending money to poor countries and abandon its original 1945 vision to fight poverty, disease and […]
About $ 18 million from a World Bank loan will be allocated to the crumbling Lebanese public health sector with the aim of reducing the inflated bills of vulnerable patients, said Health Minister Firass Abiad. The National Thursday. The Lebanese Ministry of Public Health normally pays 85% of the bill for patients hospitalized without private […]
The International Bank for Reconstruction and Development (IBRD) approved a $ 135 million loan to West Bengal to improve operational efficiency and reliability of electricity supply in some pockets of the state. IBRD and its concessional lending arm, the International Development Association (IDA), are also collectively referred to as the World Bank. The variable spread […]
Calcutta: The World Bank has approved a loan of $ 135 million to improve the efficiency and reliability of the power supply in parts of Bengal. The state is located along the corridor to North East and South East Asia and plays an important role in facilitating and promoting regional electricity trade, as it already […]
IBRD and its concessional lending arm, the International Development Association (IDA), are also collectively referred to as the World Bank. The International Bank for Reconstruction and Development (IBRD) has approved a $135 million loan to West Bengal to improve operational efficiency and reliability of electricity supply in some pockets of the state. IBRD and its […]
Calcutta: The International Bank for Reconstruction and Development (IBRD) approved a $ 135 million loan to West Bengal to improve operational efficiency and reliability of electricity supply in parts of the state. IBRD and its concessional lending arm, the International Development Association (IDA), are also collectively referred to as the World Bank. The variable spread […]
The Minister of Science and Technology, Ogbonnaya Onu, explained why the federal government obtained 72 million dollars from the World Bank for the 36 states to develop their land information system. Speaking at the annual Geoinformation Society of Nigeria conference held in Lagos, the minister said the gesture is to strengthen the collection of internally […]
Economy Universities risk closure of World Bank loan deal Wednesday, November 17, 2021 Moi University in Eldoret. PHOTO FILE | NMG By OTIATO GUGUYUMore from this author Summary Thousands of people risk losing their jobs as part of the plan to merge struggling parastatals. Public universities have come under financial pressure in recent years due […]
By OTIATO GUGUYU Kenya has come under pressure from the World Bank to shut down and merge cash-strapped public universities and loss-making parastatals in what would see thousands of civil servants lose their jobs. The multilateral financier believes Kenya should merge higher education institutions due to duplication of courses and the need to cut spending. […]
New / national / Villar questions drop in World Bank loan proceeds Villar questions drop in World Bank loan proceeds On Wednesday 10 November, Senator Cynthia A. Villar questioned the budget reduction in the proceeds of the loan from the World Bank (WB) to finance the project to support the parcelization of land for the […]
PHILSTAR The World Bank is set to provide a new $200 million loan to the Philippines for nutrition programs that will reduce the undernourished population. According to a bank report, the loan was approved by Ndiame Diop, World Bank country director for Brunei, Malaysia, the Philippines and Thailand, on November 3. The World Bank said […]
British Prime Minister Boris Johnson is reportedly set to announce his country will guarantee a $ 1 billion World Bank loan to India for green infrastructure, according to sources who spoke to Reuters. Several sources familiar with the matter confirmed the plans to Reuters on Monday. The announcement will likely be made during the 2021 […]
SHILLONG, October 1: The World Bank’s Board of Directors approved a $ 40 million project to improve the quality of health services in Meghalaya and strengthen the state’s capacity to manage future health emergencies , including the COVID-19 pandemic.The loan which will be sanctioned by the International Bank for Reconstruction and Development (IBRD) has a […]
ISLAMABAD: The government will make every effort to resolve three to four outstanding issues, including tax harmonization, to secure loans worth over $ 800 million from the World Bank within the next month. Pakistan has already received $ 400 million for tax administration reforms out of a total of 1.2 billion World Bank loans, said […]
Ghana Parliament House • Parliament approved a request for a loan of US $ 200 million by the government to help it fight the coronavirus pandemic • Ghana to spend US $ 137.15 million to purchase COVID-19 vaccines to inoculate 7.6 million people • Ghana plans to vaccinate 20 million of its population by the […]
Economy Kenya to get 14 billion shillings loan from World Bank for Covid-19 vaccines Tuesday, June 29, 2021 A Kenyan health worker administers the Oxford / AstraZeneca vaccine to colleagues to help fight the coronavirus at Kenyatta National Hospital in Nairobi on March 5, 2021. PHOTO | TO FILE Kenya will receive a 14 billion […]
The $ 400 million Development Policy Loan (DPL) to the Philippines that the World Bank just approved will make the country’s financial sector resilient to shocks as the economy recovers from the pandemic-induced crisis, said the Washington-based lender. The rapid-disbursement financing of the development policy of the financial sector reform, which the Board of Directors […]
The Government of India, the Government of Mizoram and the World Bank signed a $ 32 million Mizoram Health Systems Strengthening Project to improve the management capacity and quality of health services in the Northeast State , especially for the benefit of underserved areas and vulnerable groups. The project will strengthen the governance and management […]
NAIROBI (Reuters) – Kenya has received a $750 million loan from the World Bank to support its budget and help the East African economy recover from the effects of the COVID-19 pandemic, the lender said on Friday. multilateral. The Kenyan government has been pushing hard to secure foreign funding to fill a large budget gap […]
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NAIROBI, June 11 (Reuters) – Kenya has received a loan of $ 750 million from the World Bank to support its budget and help the East African economy recover from the effects of the COVID-19 pandemic, announced Friday the multilateral lender. The Kenyan government has gone to great lengths to secure foreign funding to close […]
The federal government has entered into dialogue with the World Bank to secure a $ 75 million loan to provide water to communities across the country. Water Resources Minister Suleiman Adamu made the disclosure during an interactive session with media officials in Abuja on Thursday. He said the government was planning to launch a pilot […]