News & Analysis: World Bank
“In some countries, lockdowns can produce net increases in mortality. The optimal lockdowns are shorter and milder in poorer countries than in rich ones and never produce a net mortality increase.”
“With the pandemic far from over, financing conditions could shift rapidly and bring many governments knocking on the World Bank’s door for budget support. The World Bank should rethink its approach to crisis response budget support operations going forward and pursue a policy agenda that directly advances governments’ pandemic response and recovery frameworks.”
“Response measures introduced by the government, including tax deferrals and waivers, liquidity provision to commercial banks, measures to ease access to credit and loan refinancing, logistics facilitation and food distribution measures, have contributed to cushioning some of the impacts from the crisis.”
“A partnership signed today between IFC and Djibouti-based East Africa Bank (EAB) will help EAB better mitigate financial risks which have been amplified by the COVID-19 pandemic and improve its sustainability.”
“On April 22, the World Bank Group approved,additional financing of $54.6 million for the Health System Support Project.”
“Many DFIs focused on supporting their existing clients through the crisis rather than finding new clients. Investing has been more challenging, but concerns that their balance sheets would take a hit didn’t materialize, nor did the type of demand they expected for liquidity support.”
“This is the second additional financing for the Rwanda COVID-19 Emergency Response Project, bringing a total of $45.19 million in World Bank contributions to the country’s national COVID-19 health response and vaccination campaign.”
“Along with a $3 million grant from the Health Emergency Preparedness and Response Trust Fund, the total $8 million will support the ongoing drive to vaccinate 40 percent of the country’s 1.16 million population.”
“The World Bank Board approved $8 million additional financing from the International Development Association to provide The Gambia with safe and effective vaccine purchase and deployment.”
“In Africa, the World Bank’s response is focused around four main areas, simultaneously: saving lives, protecting poor people, protecting and creating jobs, and building back better.”
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