World Bank

The World Bank has approved changes to its internal lending rules, unlocking an additional USD 30 billion in lending capacity over the next decade to support developing countries and emerging markets as they confront global challenges like climate change.  

A new World Bank report has revealed that the 26 poorest countries are experiencing their worst financial conditions since 2006, with rising debt levels and increasing vulnerability to natural disasters and other economic shocks.

Today’s News  On Thursday, the World Bank announced a groundbreaking initiative to empower member countries affected by natural disasters and other crises. The institution has approved enhancements to its Crisis Preparedness and Response Toolkit, enabling nations to promptly tap into emergency funds, accessing up to 10% of undisbursed funds from existing project loans or facilities. […]