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WHO urges World Bank and IMF to grant African nations express debt relief to withstand COVID-19 economic turmoil

The World Health Organization (WHO) on Wednesday urged the International Monetary Fund (IMF) and the World Bank to urgently grant developing countries, many in Africa, debt relief to cope with COVID-19 economic crisis.

South Africa’s President Cyril Ramaphosa calls on G20, World Bank, IMF, AfDB to help Africa amid coronavirus economic turbulence

President Cyril Ramaphosa of South Africa has called on the International Monetary Fund (IMF), the World Bank, the African Development Bank (AfDB), the G20 countries and international financial institutions to help Africa amid the novel coronavirus...

Somalia debt to be reduced from $5.2 billion to just $557 million, IMF and World Bank announce

The International Monetary Fund (IMF) and the World Bank's International Development Association announced on Wednesday that Somalia has taken all the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries (HIPC)...

World Bank and IMF ask creditors to immediately suspend debt payments for low-income countries over coronavirus economic impacts

The World Bank and the International Monetary Fund (IMF) on Wednesday called on all official bilateral creditors to suspend debt payments from IDA countries that request forbearance.The International Development Association (IDA) countries are those...

Somalia clears World Bank arrears, paving way for debt relief under heavily indebted poor country

The Federal Government of Somalia on Thursday cleared arrears to the International Development Association (IDA), completing the process of normalizing financial relationship with the World Bank Group, re-establishing access to new resources from IDA, and paving...

UN cuts global conference on women in New York over coronavirus. IMF and World Bank in-person Spring Meetings already canceled in Washington D.C.

The United Nations has cut a global conference on the status of women which was meant to take place in New York this month over COVID-19, the deadly respiratory disease caused by the coronavirus. The World...

World Bank announces up to $12 billion immediate support for COVID-19 country response

The World Bank announced on Tuesday it was making available an initial package of up to $12 billion in immediate support for countries responding to the coronavirus which causes COVID-19 respiratory disease.The...

World Bank and IMF cancel in-person Spring Meetings in Washington D.C. over coronavirus, to be held online

The International Monetary Fund (IMF) and the World Bank announced on Tuesday that the 2020 Spring Meetings that were scheduled to hold in Washington DC in April with thousands of people in attendance will now be...

IMF and World Bank stand ready to help member countries tackle COVID-19, Kristalina Georgieva and David Malpass say in joint statement

The International Monetary Fund (IMF) and the World Bank Group stand ready to help "member countries address the human tragedy and economic challenge posed by COVID-19," IMF managing director Kristalina Georgieva and World Bank President David Malpass...

Somalia to reestablish financial relations with The World Bank Group after 30 years

The World Bank Board of Directors on Thursday moved toward normalizing financial ties with Somalia after thirty years.The World Bank said the renewed relations will open up opportunities for Somalia to access...
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BREAKING: Ethiopia records 8 new coronavirus cases, including 9-month-old infant

Ethiopia has recorded eight new coronavirus cases, including a 9-month-old infant, Health Minister Dr. Lia Tadesse...
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BREAKING: More than 1200 people died from coronavirus in U.S. in past 24 hours bringing total toll to nearly 11,000

More than 1200 people died from coronavirus in the United States in the past 24 hours, bringing the total death toll...

President Ramaphosa of South Africa visits human settlements, water and sanitation COVID-19 command center

President Cyril Ramaphosa of South Africa is visiting the Human Settlements, Water and Sanitation COVID-19 Command Center at Rand Water in...

Nigeria records 6 new coronavirus cases lifting total infections to 238 with 5 deaths

"Six new cases of COVID19 have been reported in Nigeria: 2 in Kwara, 2 in Edo, 1 in Rivers and 1...

BREAKING: U.K. Prime Minister Boris Johnson has oxygen support as he battles for life in London

U.K. Prime Minister Boris Johnson has had oxygen support since his coronavirus symptoms worsened on Monday, as he battles for life...
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