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UPDATE 1-Nigeria to borrow $1.76 bln for security spending – FinMin

UPDATE 1-Nigeria to borrow $1.76 bln for security spending – FinMin
Reuters
1 hr ago
(Adds World Bank loan restructure and details on J&J vaccines)
ABUJA, June 9 (Reuters) - Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from capital markets for additional security spending, Finance Minister Zainab Ahmed said on Wednesday.
As part of Nigeria s security spending, the World Bank also agreed to allow the government to restructure existing loans of 39.58 billion naira to supplement the funds, she told reporters after a cabinet meeting.
The cabinet also approved an allocation of 83.56 billion naira for the purchase and deployment of 30 million doses of the Johnson & Johnson COVID-19 vaccine. ....

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UPDATE 3-Denmark looking to share its unwanted AstraZeneca vaccines-WHO

Denmark said on Thursday it had not yet decided what to do with leftover AstraZeneca COVID-19 vaccines after a senior figure from the World Health Organization suggested the Nordic country would share them with other nations. ....

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Europe officials urge World Bank to exclude fossil-fuel investment

(Adds World Bank statement)
By Kate Abnett and Andrea Shalal
WASHINGTON, Feb 26 (Reuters) - Senior officials from Europe have urged the World Bank s management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter.
In the six-page letter dated Wednesday, World Bank executive directors representing major European shareholder countries and Canada, welcomed moves by the Bank to ensure its lending supports efforts to reduce carbon emissions.
But they urged the Bank - the biggest provider of climate finance to the developing world - to go even further. ....

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UPDATE 1-World Bank halts payment requests on Myanmar projects made after Feb 1 coup

UPDATE 1-World Bank halts payment requests on Myanmar projects made after Feb 1 coup
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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UPDATE 1-Black market trade slows as Sudanese try banks after devaluation

By Reuters Staff
(Adds World Bank statement)
KHARTOUM, Feb 22 (Reuters) - Business on Sudan’s black market slowed to a crawl on Monday and some people sold dollars in banks for the first time in years, a day after authorities devalued the currency by more than 85% to try to secure debt relief and ease an economic crisis.
Aligning the official and black market rates is central to the plan and any sign that the parallel market, used by most businesses and ordinary Sudanese, is still capturing the lion’s share of hard currency trade could undermine the policy.
Black market traders said they were waiting to see how banks would react and whether the government would intervene in the market to stop the Sudanese pound falling further or would crack down on their activities. ....

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