MOROCCO – Moroccan King Mohammed VI has officially initiated the construction of US$559 million Ibn Sina Hospital with a capacity of more than 1,000 beds to strengthen healthcare delivery in…
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Tanzania secures nearly US$600 million from IMF for COVID relief
TANZANIA – The International Monetary Fund’s executive board has approved US$567m in emergency support for Tanzania to help it finance a COVID-19 vaccination campaign and meet the health and social…
Read MoreCompact with Africa pledges to ensure Africa’s post-pandemic recovery
AFRICA – Participants at the G20 Compact with Africa Conference, which featured heads of states in Africa and multilateral leaders, have committed to ensuring Africa’s post-pandemic recovery through private sector…
Read MoreAngola receives over US$1 billion from IMF to combat COVID-19
ANGOLA – Angola has received over 1 billion U.S. dollars from the International Monetary Fund (IMF) with immediate access as part of the efforts to combat effects of the COVID-19…
Read MoreAfrican Development Bank approves US$20 million loan to support Seychelle’s Covid-19 recovery
SEYCHELLES – The Board of Directors of the African Development Bank Group has approved a US$20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program. This fund…
Read More‘War room’ task force convenes to discuss ways on how to help fight COIVD-19 pandemic in developing states
GENEVA – Heads of the World Bank Group (WBG), International Monetary Fund (IMF), World Health organization (WHO) and World Trade organization (WTO) had their first joint task force meeting to…
Read MoreEast African nations muster funds to combat the pandemic and restore economic stability
AFRICA – The COVID-19 pandemic is primarily a health crisis and a human tragedy, but it also has far-reaching economic ramifications. As of now, more than 182 million cases of…
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