News & Analysis: World Bank

Egypt: World Bank Provides US $400 million in Support of Universal Health Insurance System

“The project will support the Government of Egypt (GOE) to put in place the building blocks of the Universal Health Insurance System; to roll the system out in Phase I Governorates; and to offer temporary financial protection to the most vulnerable across the country to protect them from high out-of-pocket health expenditures resulting from the COVID-19 outbreak.”

via World Bank

The World Bank Supports Morocco’s Health Sector in Managing Pandemic Impact

“The World Bank Board of Executive Directors approved today a US$48-million loan to help Morocco manage the effects of the COVID-19 Pandemic as the Kingdom is exiting strict lockdown measures.”

via World Bank

US$175 Million Budget Support for Tunisia to Mitigate the Economic Impact of COVID-19

“The World Bank Board of Executive Directors approved, on June 12, a budget support of US$175 Million for Tunisia under the Resilience and Recovery Emergency Development Policy Operation.”

via World Bank

Monitoring COVID-19 Impacts on Firms in Ethiopia: Results from a High-Frequency Phone Survey of Firms

“To monitor the impacts of the COVID-19 (coronavirus) pandemic on Ethiopia’s economy and people and inform interventions and policy responses, the World Bank Ethiopia team, in collaboration with the government, designed and implemented two high-frequency phone surveys, one with firms and one with households.”

via World Bank

Post-coronavirus: More sorrow for Africa’s new oil and gas producers

“For new producers in the pandemic era, some licensing rounds are likely to be cancelled, and production is being pushed back once more. Debt is becoming an even greater issue. Yet some investors—like Total in Uganda—still show signs of interest.”

via The Africa Report

All eyes on China as Africa spurns G20 debt relief plan

“Some African countries are opting to negotiate debt relief individually with China and other rich nations because of concerns they will be blocked from financial markets by the G20 debt deal to help poorer countries get through the economic shock of the coronavirus pandemic.”

via South China Morning Post

World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap

“The World Bank Board of Directors today approved a $1 billion budget support operation for Kenya, which helps close the fiscal financing gap, while supporting reforms that help advance the government’s inclusive growth agenda, including in affordable housing and support to farmers’ incomes.”

via World Bank

Virus will push up to 60 million into extreme poverty, World Bank warns

“Up to 60m people will be pushed into extreme poverty by the economic consequences of the coronavirus crisis, and current recovery efforts are not enough, David Malpass, president of the World Bank, has warned. The Bank expects world economic output to contract by as much as 5 per cent in 2020, erasing efforts over the past three years to alleviate poverty in the world’s poorest countries.”

via Financial Times

Egypt: World Bank Provides US$ 50 million in Support of Coronavirus Emergency Response under new Fast-Track Facility

“The World Bank approved US$50 million for Egypt as an emergency response under the World Bank Group’s new Fast Track COVID-19 Facility — a global effort to help strengthen the COVID-19 response and shorten the time to recovery. The project aims to strengthen the prevention, detection and response to the COVID-19 pandemic in Egypt.”

via IMF

World Bank Approves $137.5 Million for Somalia’s Response to COVID-19, Floods, and Drought

“The World Bank Board of Directors today approved a $137.5 million International Development Association grant to help Somalia respond to and recover from multiple, ongoing, and overlapping crises.”

via World Bank