Tag: #WB
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IMF, WB prioritize vaccine access to end pandemic
WASHINGTON, June 2, 2021 (AFP) – After kicking their massive lending powers into overdrive to help the nations hardest hit by COVID-19 last year, the IMF and the World Bank are now focusing on getting vaccines to poor countries to keep the pandemic from derailing the global economic recovery.
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WB, ADB, AIIB ‘close coordination’ praised
The trilateral cooperation in support of the Philippines’ COVID-19 vaccination program is a testament of the closer coordination among the World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).
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DoF assures more than enough vaccines for adult Pinoys
The Department of Finance (DOF) said it will tap loan financing from multilateral lenders to ensure that the government has more than enough vaccine doses to inoculate adult Filipinos against the coronavirus.
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Dominguez details COVID-19 vaccines fund
The Department of Finance (DOF) assured that the government has sufficiently funds to procure enough doses of COVID-19 vaccines from various sources in line with its target to inoculate around half of the population.
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WB fears delayed vaccines to snarl recovery
The World Bank warned that delayed or limited access to COVID-19 vaccines by nations in East Asia Pacific, including the Philippines, could prolong the pandemic’s economic effects and increase the risk of financial market stress.
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WB sees decline in migrants’ remittances by 7% to $508 B
WASHINGTON (AFP) – Developing countries are suffering a drop a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, reducing payments from workers living abroad, the World Bank said.