South Africa to get $474m World Bank loan for COVID vaccines
South Africa has recorded the most coronavirus cases and deaths on the African continent.The World Bank has approved a loan of 454.4 million euros ($474.4m) to help South Africa…
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IMF, World Bank warn of ‘huge buildup of debt’ in poorest nations
Rising interest rates are squeezing the world’s poorest nations, already struggling with COVID-19 and high food prices.The heads of the International Monetary Fund (IMF) and the…
Sri Lanka seeks another $1bn from India: Report
New credit line will be used to pay for imports of essential items such as rice, wheat flour, pulses, sugar & medicine.Sri Lanka has sought an additional credit line of $1bn…
World Bank approves $1bn to fund urgent needs in Afghanistan
Funds will be disbursed through UN and aid agencies, bypassing the Taliban, to ease worsening humanitarian crisis.The executive board of the World Bank has approved a plan to use…