World Bank supports SVG Recovery thevincentian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thevincentian.com Daily Mail and Mail on Sunday newspapers.
Social Share By South Florida Caribbean News June 26, 2021
The World Bank Board of Executive Directors approved US$50 million in Supplemental Financing for the Second Fiscal Reform and Resilience Development Policy Credit (DPC) for St Vincent and the Grenadines. This quick-disbursing operation aims to help the country cover a large unexpected financing gap and address emergency needs caused by t La Soufriere volcano eruption, which began in [April] 2021. The original DPC was approved in June 2020, a release from the bank states.
The volcanic eruption began as St Vincent and the Grenadines was still coping with the devastating socio-economic effects of the COVID-19 pandemic, said Tahseen Sayed, World Bank Country Director for the Caribbean.
World Bank Approves US$50 Million to support volcanic recovery in SVG searchlight.vc - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from searchlight.vc Daily Mail and Mail on Sunday newspapers.
World Bank Supports Nepal s Recovery from Covid-19 Pandemic
Kathmandu: The Government of Nepal and the World Bank signed Sunday a $150 million concessional loan agreement to support Nepal s resilient recovery from the covid-19 pandemic, protect the most vulnerable, and support sustainable growth.
The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the Government of Nepal and the World Bank Country Director for Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos.
The project will help Nepal build back better and greener through reforms to the tax and customs systems, public investment management, environmental regulations and debt management, stated Sishir Kumar Dhungana, Finance Secretary of Nepal, in a press release issued on Sunday.
St Vincent and the Grenadines will receive 50-million U S dollars from the World Bank nbcsvg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcsvg.com Daily Mail and Mail on Sunday newspapers.