Washington, United States | AFP | The coronavirus outbreak and government policies to limit the disease could disrupt food supply chains, potentially threatening food availability, even as prices remain stable in 2020, the World Bank cautioned Thursday. Prices of agricultural commodities are likely to hold up better than oil, metals and …
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Washington, United States | AFP | Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 percent globally this year, the biggest decline in recent …
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Washington, United States | AFP | International financial institutions and African leaders warned on Friday the continent needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support. In a joint statement, the World Bank and International Monetary Fund said …
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Washington, United States | AFP | International financial institutions and African leaders warned on Friday the continent needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support. In a joint statement, the World Bank and International Monetary Fund said …
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Johannesburg, South Africa | AFP | The World Bank warned Thursday that sub-Saharan Africa could slip into its first recession in a quarter of century because of the coronavirus pandemic on the world’s most impoverished continent. “We project that economic growth in Sub-Saharan Africa will decline from 2.4 percent in 2019 …
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Kampala, Uganda | THE INDEPENDENT | The World Bank Uganda office has donated Uganda Shillings 57bn (USD 15m) towards the country’s fight to the spread of coronavirus. The money according to Antony Thompson, the World Bank Uganda Country director, will be re-allocated from the Reproductive Maternal and Child Health Services …
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Kampala, Uganda | THE INDEPENDENT | The World Bank and International Monetary Fund have called for the suspension of debt repayments for poorer countries as many of them turn to focus on battling the Coronavirus (COVID -19). In a joint statement on Wednesday night, the two multi-lateral lenders said the Coronavirus …
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The lender will also provide policy and technical advice to ensure countries access global expertise | PATRICIA AKANKWATSA | As the world grapples with the spread of Coronavirus (COVID-19), the World Bank Group is making available an initial package of up to US$12 billion in immediate support to assist countries …
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Kampala, Uganda | THE INDEPENDENT | Many Ugandans are stuck with poor quality jobs, a fix that has seen them work longer hours but with falling earnings, a World Bank report has revealed. The report shows that due to poor quality jobs, value-added is very low even when people work. The report …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy needs to gradually create more jobs for its fast-growing and youth population. To accelerate economic growth and drive transformation, these jobs will need to bring higher labor productivity, says a new World Bank report launched today. The report, “Uganda: Jobs Strategy for Inclusive Growth,” …
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The Independent Uganda: You get the Truth we Pay the Price