APRNEWS - In a release published on May 5, 2019, the World Bank announced a $200 million financing to support SMEs in Egypt and boost job creation for women and young people.
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APRNEWS - The World Bank has increased emergency support for the three southern African countries affected by a devastating cyclone that killed hundreds in March to $700 million, the lender said on Friday.
APRNEWS - In 2018, Kenya’s growth reached 6.23% thanks notably to the agriculture sector favored by good rainfall, the Office for National Statistics indicated on April 25, 2019.
APRNEWS - In Mozambique, Malawi and Zimbabwe, more than 1,000 people were killed, while hundreds of thousands are in need of aid, following the devastating battering by Cyclone Idai.
The World Bank estimates the affected countries will need over $2 billion to recover. The following is an outline of the disaster, according to government and U.N. officials.
APRNEWS - On January 9, 2019, World Bank forecasted that Algeria’s economy should grow by 2.3% in 2019 and 1.8% in 2020.
APRNEWS - The World Bank on Monday unveiled $200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding.
APRNEWS - Côte d’Ivoire will benefit from a $33 million support program from World Bank, Xinhua indicated November 17, 2018, citing official sources.
APRNEWS - A senior official has told Reuters that the World Bank will work with the Tanzania to redesign a $300 million education project.
Earlier, the bank had canceled plans for the project due to Tanzania’s controversial policies on pregnant school girls.
APRNEWS - Zimbabwe’s president Emmerson Mnangagwa on Monday urged citizens to bear the pain of new taxation and other economic reforms introduced by his finance minister, in order to revive the economy.
APRNEWS - The World Bank may suspend funding to Tanzania after expressing concerns about new legislation which would punish anyone who questions official statistics.
The global lending institution says the law would undermine the production of useful and high quality data.