News & Analysis: World Bank

Zambia’s default shows new approach needed for Chinese debt

“Zambia’s debt default shows that Western lenders need to develop new ways of factoring existing Chinese loans into their decisions. In essence, the long-term consequence of Zambia’s default may be to deter Western lending to countries where China is already a creditor.”

via The Africa Report

Beyond the Numbers: Why the World Needs a More Ambitious Multilateral Development Bank Response to COVID-19

“The World Bank, and other multilateral development banks, are unlikely to pull out the stops in their response to this once-in-two-generations crisis unless they get clear guidance from their major shareholders to do just that. The evidence suggests the rich country shareholders on whom the Bank depends for financial support are not sending this message.”

via Center for Global Development

World Bank Helps Mozambique Mitigate Impact of COVID-19 with a New $100 Million Grant

“The financing will help mitigate the adverse impacts of the pandemic on people’s lives and livelihoods by supporting the immediate COVID-19 response and supporting businesses and reforms in view of improved fiscal sustainability.”

via World Bank

African Debt: At some point, the hole becomes just too big to fill

“Nigeria, Ghana, Kenya, South Africa, and others have all announced new borrowing initiatives that will only exacerbate the current financial crisis. And what’s worse is that they’re largely planning on using the proceeds from raw material sales to repay those loans. But by the time those loans come due, commodities won’t be nearly as valuable as they are today.”

via The Africa Report

World Bank Approves $12 Billion for COVID-19 Vaccines

“The World Bank’s Board of Executive Directors today approved an envelope of $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens.”

via World Bank

New Data Show the World Bank’s COVID-19 Response Is Too Small and Too Slow

“The World Bank is not on track to meet its $160 billion target by June 2021 as measured by new commitments. We estimate that the flow of money from the World Bank to its client countries will total just $79 billion by June—less than halfway to its $160 billion pledge.”

via Center for Global Development

Is the World Bank’s COVID-19 Crisis Lending Big Enough, Fast Enough? New Evidence on Loan Disbursements

“The pace of World Bank lending appears incommensurate to the scale of the crisis: while the Bank forecasts a 4.1 percent decline in GDP growth between 2019 and 2020 in the median low- income country, World Bank disbursements in 2020 have risen by just 0.3% of GDP by comparison.”

via Center for Global Development

International Debt Statistics 2021

“International Debt Statistics is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the 120 low- and middle-income countries that report to the World Bank Debt Reporting System.”

via World Bank

Global Consensus Is Hard to Find. Here’s Where Action Is Still Possible.

“Finance ministers and officials from around the world will gather soon for a virtual annual meeting of the IMF and World Bank. Assembled officials should advance consensus on areas where, regardless of the political outcome in the U.S., collective action will be needed to address the worst development and humanitarian crisis in modern history.”

via Barron's

The Gambia to Strengthen Health Care Delivery in the Face of COVID-19

“The World Bank Board of Executive Directors approved a $30 million grant from the International Development Association to improve the quality and utilization of essential health services in The Gambia. “

via World Bank