Global Response Newsfeed

World Bank Provides $100 Million to Help Accelerate Digital Transformation in Niger

“The World Bank Board of Directors approved today a $100 million International Development Association which includes $50 million credit and $50 million grant to help Niger implement an ambitious program to use digital infrastructure and services to modernize its economy and strengthen access to basic services.”

via World Bank

World Bank Supports Jobs, Skills Development and Digital Transformation in Ghana

“The World Bank’s Board of Executive Directors approved $315 million from the International Development Association to support job creation, skills development and digital transformation in Ghana. This financing includes $200 million for the Ghana Jobs and Skills Project and an additional financing of $115 million for the eTransform Ghana Project.”

via World Bank

Uganda: World Bank Provides $300 Million to Close COVID-19 Financing Gap and Support Economy Recover

“The World Bank Board of Directors today approved a $300 million budget support operation for Uganda to boost the Government’s capacity to prevent, detect and treat the coronavirus, protect the poor and vulnerable population, and support economic recovery.”

via World Bank

World Bank Announces $15 Million to Mitigate the Impact of COVID-19 in Seychelles

“The World Bank approved on June 25 a $15 million loan from the International Bank for Reconstruction and Development in support of the Republic of Seychelles’ response to the economic and social fallout of the COVID-19 pandemic. The Development Policy Lending will help enhance the country’s response mechanisms in health, social protection and the private sector, and to support the country’s post-crisis recovery through strengthened financial systems and climate resilience.”

via World Bank

Benin: $50 Million to Boost Growth Beyond the COVID-19 Crisis

“The World Bank Board of Directors today approved an International Development Association additional financing of $50 million to help Benin mitigate the impact of the coronavirus health crisis in the socio-economic recovery phase.”

via World Bank

IMF Executive Board Approves 12-month US$5.2 Billion Stand-By Arrangement for Egypt

“The IMF approved a 12-month Stand-by Arrangement, with total access of about US$5.2 billion to address balance of payments financing needs arising from the COVID-19. Approval of the SBA enables the immediate disbursement of about US$2 billion.”

via IMF

IFC Supports Nigeria’s FCMB to Finance SMEs Facing COVID-19 Related Challenges

“IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they can sustain business activities disrupted by the COVID-19 pandemic.”

via IFC

Virgin Atlantic and Virgin Unite fly crucial medical supplies into Africa

“Virgin Group, Virgin Atlantic, and Virgin Unite – the Virgin Group’s not-for-profit Foundation – are supporting UNICEF and the World Food Programme-led Global Common Supply Chain Services Provision by donating a special cargo flight from Hong Kong to Johannesburg, delivering essential PPE equipment for frontline health workers into Eswatini and Mozambique”

via Virgin Atlantic

Nigeria to Keep the Lights on and Power its Economy

“The World Bank Board of Directors approved today the Power Sector Recovery Operation of $750 million in International Development Association credit to improve the reliability of electricity supply, achieve financial and fiscal sustainability, and enhance accountability in the power sector in Nigeria.”

via World Bank

World Bank Approves $55 Million to Sustain Somalia’s Reforms and Fiscal Response to Multiple Crises

“The World Bank Board of Directors today approved a $55 million International Development Assistance grant to support Somalia’s economic recovery through continued fiscal and other economic policy reforms. The policies will strengthen fiscal management and promote inclusive private sector-led growth.”

via World Bank