Latest World Bank News

IMF policy panel endorses $650 billion increase in resources

Apr. 08, 2021 15:46 PM EDT

WASHINGTON (AP) — The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic. IMF Managing...

Cash-strapped Sudan clears overdue payments to World Bank

Mar. 26, 2021 14:11 PM EDT

CAIRO (AP) — The Sudanese government said Friday it cleared all of its overdue payments to the World Bank, a move that gives the highly-indebted country access to new types of international financing for the first time in decades. This development allows Sudan to resume...

Medical oxygen scarce in Africa, Latin America amid virus

Feb. 26, 2021 03:23 AM EST

DAKAR, Senegal (AP) — A crisis over the supply of medical oxygen for coronavirus patients has struck nations in Africa and Latin America, where warnings went unheeded at the start of the pandemic and doctors say the shortage has led to unnecessary deaths. It takes about...

China celebrates official end of extreme poverty, lauds Xi

Feb. 25, 2021 07:57 AM EST

BEIJING (AP) — The ruling Communist Party is celebrating the official end of extreme poverty in China with a propaganda campaign that praises President Xi Jinping’s role, part of efforts to cement his image as a history-making leader who is reclaiming his country’s rightful place as a...

World Bank threatens to suspend vaccine funding to Lebanon

Feb. 23, 2021 13:20 PM EST

BEIRUT (AP) — The World Bank threatened Tuesday to suspend financing for coronavirus vaccines in Lebanon as it investigated suspected favoritism amid accusations that lawmakers were inoculated in parliament without prior approval. A top Lebanese official supervising the...

Lebanon administers 1st vaccines to health workers, elderly

Feb. 14, 2021 08:41 AM EST

BEIRUT (AP) — Lebanon administered Sunday its first jabs of COVID-19 vaccine, with an intensive care unit physician and a well-known 93-year-old comedian becoming the first to receive Pfizer-BioNTech doses. Lebanon launched its inoculation campaign a day after...

First batch of Pfizer vaccines arrive in Lebanon

Feb. 13, 2021 13:19 PM EST

BEIRUT (AP) — Lebanon received its first batch of coronavirus vaccines Saturday ahead of a nationwide campaign to start vaccinations in the tiny Mediterranean country, which has seen a sharp rise in cases and fatalities in recent weeks. The 28,500 Pfizer doses from...

Top Lebanese hospitals fight exhausting battle against virus

Jan. 23, 2021 00:28 AM EST

BEIRUT (AP) — Death stalks the corridors of Beirut's Rafik Hariri University Hospital, where losing multiple patients in one day to COVID-19 has become the new normal. On Friday, the mood among the staff was even more solemn as a young woman lost the battle with the virus. ...