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The World Bank says the funding will help government provide services to Ukrainians, including social programs and pensions for the elderly
A World Bank report states that social grants in the form of cash transfers are having a positive impact on nutrition and food security.
Economic growth in Sub-Saharan Africa is forecast to rise between 2.3 and 3.4% in 2021, depending on the economic policies adopted.
The Bank said it’s preparing emergency vaccine financing projects in 21 countries in Africa, urging states to avail of the funds.
World Bank warns that COVID-19’s devastating impact could push an additional 150-million people into extreme poverty by 2021.
The World Bank report is upbeat, however, on the reforms being adopted in South Africa’s electricity sector.
Government would have access to as much as $50m (R915m) from the World Bank and $4.2bn (over R70bn) from the IMF
AU chair Cyril Ramaphosa has urged the world’s richest nations to agree to a two-year debt standstill to ease the impact of the pandemic on the African economy.
President Cyril Ramaphosa’s relief budget of R500 billion could ultimately grow to much more than that, according to Mboweni.
“The continent needs an estimated $114 billion in 2020 in its fight against COVID-19″, leaving a financing gap of around $44 billion”, the World Bank and IMF confirmed.
The EFF says government should cut its ‘bloated’ cabinet instead of taking loans from the IMF and World Bank to fund the coronavirus outbreak.
South Africa’s Finance Minister Tito Mboweni says he will approach the IMF and World Bank for assistance in light of the COVID-19 crisis.
The dark shadow of load shedding has resulted in a poorer than expected economic outlook for both 2019 and 2020. But there’s a glimmer of hope for 2021, the bank predicts.
World Bank loan condition to Eskom was to install several clean energy projects in South Africa.
“A great boost for South Africa’s investment standing” – DTI
A slash in expected GDP numbers makes 2019 a somber year for the economy.
Move to Cape Town and improve your life. It is as simple as that.
Good news and the South African economy, Two things you very rarely see together. The World Bank isn’t bucking the trend, either.
The good news is that, according to a report published by the World Bank, more black Africans are entering South Africa’s middle class. The bad news is that it almost counts for nothing…
The World Bank has taken a look at how banking can be brought to poor people all across the globe. With millions still not having bank accounts, a change is needed.
The concept is ludicrous. Yet it’s very, very real.
The World Bank has opened an investigation into the deal between the ANC’s Chancellor House, Hitachi and Eskom and they don’t f*** around when it comes to corruption.
With unemployment higher than at the end of apartheid, South Africa should embrace and educate its demographic ‘window of opportunity’ to show growth.