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World Bank - Latest News [Page 1]

World Bank Boosts Support For Tonga To Build Resilience, Strengthen Disaster Preparedness

Monday, 22 January 2024, 11:57 am | World Bank

WASHINGTON, January 21, 2024 – The Kingdom of Tonga, one of the world’s most exposed countries to climate change and natural disasters, will receive a US$25 million (TOP$58.7 million) World Bank grant to strengthen financial and debt sustainability ... More >>

World Bank Boost For Kiribati’s Economic And Climate-resilience

Friday, 1 December 2023, 1:50 pm | World Bank

Conserving the ocean and the land, preparing for disasters, and strengthening the management of public funds in Kiribati More >>

World Bank Provides US$11.5 Million Grant to Boost Tuvalu’s Climate and Disaster Resilience, Preparedness, and Response

Wednesday, 27 September 2023, 8:31 pm | World Bank

WASHINGTON, September 26, 2023 – The World Bank’s Board of Executive Directors recently approved US$11.5 million (AUD$18 million) in new grant financing to Tuvalu. The Tuvalu First Climate and Disaster Resilience Development Policy Financing with ... More >>

New World Bank Regional Hub Signals Growing Commitment To The North Pacific

Thursday, 30 March 2023, 8:26 pm | World Bank

The World Bank has officially opened a permanent office in Pohnpei in the Federated States of Micronesia, following several years of an expanding presence and portfolio across the North Pacific. The new regional hub will play a vital role in delivering ... More >>

As Growth Returns To The Pacific, Debt And Inflation Remain Concerns

Tuesday, 28 February 2023, 1:59 pm | World Bank

SUVA, February 28, 2023 – After nearly three years of economic contraction, Pacific economies can anticipate a return to growth this calendar year despite ongoing challenges, according to the World Bank. While the recovery is expected to continue, fiscal balances, ... More >>

US$19 Million For Safer Schools And Improved Emergency Early Warning Systems In Tonga

Sunday, 3 July 2022, 5:07 pm | World Bank

The World Bank’s Board of Executive Directors has approved US$19.5 million (approximately TOP46 million) in additional funding for disaster recovery and resilience projects in Tonga. This includes work to bolster Tonga’s ongoing recovery from January’s ... More >>

Additional $20 Million For Disaster Recovery And Economic Reform In Tonga

Thursday, 16 June 2022, 12:28 pm | World Bank

WASHINGTON, June 15 2022 – The World Bank’s Board of Executive Directors has approved US$20 million (approximately TOP46 million) of Supplemental Financing in addition to the US$19 million committed and disbursed this financial year through ... More >>

Healthy, Educated And Ready To The Thrive: A Boost For Early Childhood Development In Marshall Islands

Tuesday, 7 June 2022, 12:46 pm | World Bank

WASHINGTON, June 6, 2022 – Early Childhood Development services are set for a big boost in Marshall Islands, following the World Bank’s approval of a second phase of the Early Childhood Development Project (ECD II). The Republic of the Marshall ... More >>

World Bank Increases Its COVID-19 Assistance To Solomon Islands

Monday, 2 May 2022, 2:30 pm | World Bank

HONIARA, May 2, 2022 – With Solomon Islands’ COVID-19 situation having significantly worsened over the past several months – with over 14,000 confirmed cases and 141 reported deaths – the World Bank has approved an additional US$8 million in emergency ... More >>

Tonga Volcanic Eruption And Tsunami: World Bank Disaster Assessment Report Estimates Damages At US$90M

Monday, 14 February 2022, 6:05 am | World Bank

SUVA, February 14, 2022 — The Tonga Hunga-Tonga-Hunga-Ha’apai volcanic eruption, tsunami and ashfall has caused an estimated US$90.4M (TOP 208 million) in damages – the equivalent of approximately 18.5% of Tonga’s Gross Domestic Product (GDP) ... More >>

World Bank Provides US$8 Million To Support Tonga's Volcano And Tsunami Response

Thursday, 20 January 2022, 7:10 pm | World Bank

The World Bank has disbursed an initial US$8 million in emergency financing to support the Kingdom of Tonga’s response and recovery following the devastating volcanic eruption and tsunami on January 15. The Hunga-Tonga-Hunga-Ha’apai undersea volcano, ... More >>

World Bank Provides US$8 Million To Support Tonga's Volcano And Tsunami Response

Thursday, 20 January 2022, 7:09 pm | World Bank

The World Bank has disbursed an initial US$8 million in emergency financing to support the Kingdom of Tonga’s response and recovery following the devastating volcanic eruption and tsunami on January 15. The Hunga-Tonga-Hunga-Ha’apai undersea volcano, ... More >>

US$53 Million Boost For Education And Transport In Tonga

Saturday, 11 December 2021, 5:10 pm | World Bank

The World Bank’s Board of Executive Directors has approved two new projects totaling US$53 million to boost the climate and disaster resilience of Tongan schools, roads, and ports. The US$38m (approximately TOP 87 million) Tonga Climate Resilient Transport ... More >>

Support For Post-pandemic Recovery, Resilience And Jobs In Tonga

Thursday, 25 November 2021, 12:40 pm | World Bank

The World Bank’s Board of Executive Directors has approved US$19 million in support for Tonga’s ongoing recovery following the impacts of COVID-19. The Kingdom of Tonga is now in an economic recovery phase following the onset of the COVID-19 pandemic ... More >>

Economic Recovery In East Asia And Pacific Faces Setback

Wednesday, 29 September 2021, 6:37 am | World Bank

WASHINGTON, Sept. 27, 2021 —The East Asia and Pacific region’s recovery has been undermined by the spread of the COVID-19 Delta variant, prolonging the distress for firms and households, likely slowing economic growth and increasing inequality, ... More >>

Investing In People And Livelihoods Is Key To Inclusive Growth Across Pacific Islands

Thursday, 23 September 2021, 12:59 pm | World Bank

SYDNEY, September 23, 2021, A new World Bank report on the challenges facing the Pacific region’s outer island communities identifies investment in people and livelihoods as a key for inclusive economic growth. Archipelagic Economies: Spatial Economic ... More >>

Uneven Recovery Drives Growing Inequality Across East Asia And The Pacific

Friday, 26 March 2021, 5:35 pm | World Bank

More than a year into the COVID-19 pandemic, the developing economies of East Asia and the Pacific (EAP) are facing a markedly uneven recovery, according to the World Bank’s latest economic update for the region, released today. Only China and Vietnam ... More >>

Global Economy To Expand By 4% In 2021; Vaccine Deployment And Investment Key To Sustaining The Recovery

Wednesday, 6 January 2021, 4:30 pm | World Bank

The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless policy makers move decisively to tame the pandemic and ... More >>

Pandemic Threatens Human Capital Gains Of The Past Decade, New Report Says

Friday, 18 September 2020, 4:05 pm | World Bank

The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital—the knowledge, skills, and health that people ... More >>

Over 1,000 Tongan Households Get Boost To Help Keep Students In School

Tuesday, 23 June 2020, 2:31 pm | World Bank

Nuku’alofa, June 23, 2020 – The Government of Tonga and the World Bank have provided conditional cash transfers to 1,162 Tongan households at a project launch in the Tongan capital, Nuku’alofa as part of an effort to address the financial ... More >>

 

 
 
 
 
 

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