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.

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...

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)...

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...

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...

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...

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...

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...

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...

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...