World Bank Provides US$300 Million Additional Financing To Boost Service Delivery Through Local Governments in Uganda

“The World Bank Board of Directors today approved $300 million in additional financing to the Uganda Intergovernmental Fiscal Transfers Program for Results to boost local governments service delivery in education, health, water and environment, and micro irrigation, including in areas hosting large populations of refugees.”

via World Bank

IDA: Securing a more resilient future in fragile and conflict-affected settings

“Under the 18th replenishment of IDA, which ended in June, the World Bank has more than doubled its support in fragile and conflict-affected situations over three years, from $10.2 billion to $23 billion. Thanks to this, over 38 million people have accessed essential health services, more than 15 million children have been immunized, and over 17 million people have benefitted from social safety net programs.”

via World Bank

Economic Update for Togo: The Coronavirus Is Exerting Pressure on the Economy

“The crisis triggered by the global coronavirus pandemic is expected to lead to a decline in growth from 5.3% in 2019 to 1% in 2020. However, growth is expected to gradually return to pre-crisis levels beginning in 2022, fueled by government investment in infrastructure and an uptick in private investment.”

via World Bank

Madagascar: World Bank Provides $75 Million to Mitigate the Impacts of COVID-19 and Support Recovery

“The Madagascar COVID-19 Response Development Policy Financing will help close a financing gap caused by the COVID-19 crisis while supporting key reforms to reinforce the effectiveness and transparency of the government’s crisis response and to lay the foundation for sustained and resilient recovery.”

via World Bank

World Bank Approves $86 Million to Improve Access to Financial Services for Micro, Small and Medium Enterprises in Malawi

“‘This project is an important element of the World Bank Group’s response to COVID-19 in Malawi, from relief, through re-structuring, towards ensuring a resilient recovery. This project contributes to relief efforts, with a clear focus on helping communities and businesses persist and find new opportunities.'”

via World Bank

World Bank Approves $86 Million to Improve Access to Financial Services for Micro, Small and Medium Enterprises in Malawi

“The World Bank Board of Executive Directors recently approved an $86 million credit for the Malawi government to increase access to financial services and promote the entrepreneurship and capabilities of micro, small, and medium enterprises in Malawi, including addressing the negative economic effects of COVID-19.”

via World Bank

Madagascar: World Bank Provides $75 Million to Mitigate the Impacts of COVID-19 and Support Recovery

“The World Bank Board of Directors recently approved a US$75 million development policy operation for Madagascar to mitigate the impact of the COVID-19 crisis. The operation will help close a financing gap caused by the COVID-19 crisis while supporting key reforms to reinforce the effectiveness and transparency of the government’s crisis response.”

via World Bank

We must prepare supply chains for future COVID-19 vaccines and therapeutics

“As the world anxiously awaits the arrival of effective COVID-19 vaccines and therapeutics, we need a new sense of urgency in preparing to protect these precious commodities.”

via World Bank

Central African Republic: World Bank Group launches New Country Partnership Framework, and provides immediate support to economic recovery

“The new Country Partnership Framework aims to boost stabilization, inclusion and resilience, while building state legitimacy and fostering growth. During the five-year period, the WBG will invest in human capital, connectivity, economic management and governance.”

via World Bank

Southern Africa: Why risk financing is critically important during COVID-19 recovery

“We don’t know how long the COVID-19 pandemic will last, but the prospect of finding an effective vaccine is likely. In contrast, the risk of climatic shocks remains. Many countries in the Southern Africa region have taken the first steps in increasing their financial preparedness to respond to shocks.”

via World Bank