World Bank

The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. Naidoo said a digital rand could significantly cut the cost of cross-border payments for banks. However, he added that the central bank is still years away from introducing the digital rand.

BONN, May 18 (Reuters) - The World Bank said on Wednesday it will make $30 billion available to help stem a food security crisis threatened by Russia's war in Ukraine, which has cut off most grain exports from the two countries. The total will include $12 billion in new projects...

As the global economy begins to recover from the pandemic and the shock of the war in Ukraine, many businesses in the U.S. and abroad are experiencing strong headwinds. We heard serious concerns from business leaders and politicians all through the Chamber’s Global Forum on May 10-11, 2022. Governments everywhere are crafting responses to multiple overlapping challenges and trying to align their actions with the longer-term trends like the green transition and digital inclusion. Spurred on by these challenges, the worrying trend of global market fragmentation is creating obstacles to the cross-border flow of capital, goods, services, ideas, and technologies as countries increasingly form economic blocs.

KYIV (Reuters) - Ukraine has received roughly $530 million in U.S. and British grants from a fund set up by the World Bank for donations to the Kyiv government in the wake of Russia's invasion, the finance ministry said. The U.S. donated around $500 million and Britain 24 million pounds...

GUATEMALA CITY (Reuters) - Guatemala's congress approved on Wednesday a $500 million loan from the World Bank that the government has said will be used to pay down debt, freeing up funds for social spending. The loan was supported by the government and its allies and passed with 86 votes...

The UN warned Wednesday that a growing global food crisis could last years if it goes unchecked, as the World Bank announced an additional $12 billion in funding to mitigate its "devastating effects." The World Bank's announcement will bring total available funding for projects over the next 15 months to $30 billion.

Washington, May 19 (SocialNews.XYZ) The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion financing in existing and new projects.

Beirut, May 19 (SocialNews.XYZ) A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut's reconstruction, the UN said in a statement.

LONDON/JOHANNESBURG (Reuters) - A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank official said. However, regulation of crypto assets is in the offing and might come into force within nine...

The World Bank plans to spend $12bn (£9.6bn) to support low-income countries hit by shortages of food and fertilisers that have pushed prices higher since the Russian invasion of Ukraine. Sudan, where inflation has rocketed above 250%, is expected to be among the countries that will benefit from the...