News & Analysis: World Bank

Ethiopia Economic Update: Ensuring Ethiopia’s Full Recovery from COVID-19

“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.”

via World Bank

IFC Partners with Djibouti-Based EAB Bank to Strengthen its Risk and Credit Framework

“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.”

via IFC

World Bank Boosts Burundi Health System in the Context of COVID-19

“On April 22, the World Bank Group approved,additional financing of $54.6 million for the Health System Support Project.”

via World Bank

Surprising resilience: DFIs take stock of their COVID-19 response

“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.”

via Devex

World Bank Approves $30 Million to Support COVID-19 Vaccination Rollout in Rwanda

“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.”

via World Bank

Eswatini COVID-19 Response Gets a Boost

“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.”

via World Bank

The Gambia Secures More Funds for COVID-19 Vaccines

“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.”

via World Bank

World Bank’s Response to COVID-19 in Africa

“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.”

via World Bank

Africa’s Crisis Recovery Requires Upgrading the Global Financial Safety Net

“Critically, the World Bank and other multilateral development banks should commit to make greater and enhanced use of guarantees and other risk management instruments to help African countries lower borrowing and project implementation costs.”

via Center for Global Development

Sir Paul Collier: Rethinking Roles and Responsibilities for Africa’s Economic Recovery

Oxford Professor, Sir Paul Collier, discusses the macroeconomic shocks suffered by African economies and the approach needed to accelerate the recovery.

via COVID-19 Africa Watch