World Bank should keep pumping out aid, review capital adequacy - Development Committee

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The World Bank should push ahead with its efforts to deliver $160 billion in coronavirus aid by June 2021 and explore additional emergency financing and debt relief for developing countries, the bank's steering committee said on Friday.

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

In a communique, the joint World Bank and International Monetary Fund Development Committee said the “bold and decisive” response should be accompanied by a review of the World Bank Group’s financial capacity beyond the current fiscal year to ensure that it remains “adequately capitalized to fulfill its mandate.”

The statement said that World Bank support for more than 100 countries has totaled $45 billion so far, including $11 billion from its private sector arm, the International Finance Corp and $2 billion from its Multilateral Investment Guarantee Agency.

 

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Would aid be necessary if economies were not being strangled by useless lock downs?

World bank is behind this scamdemic

Azerbaijan says at least 12 civilians killed and 40 wounded in missile attacks launched by Armenia on the city of Ganja

Fuck of Reuters. Will you imform us about happening in Ganja? When will you stop being double standard? We hear that Armenian forces hit civilians and children in the area..

Why don’t you make a news about this? Last night Armenians killed civilians with scud misselles and 3 of the was children? How a news account are you? Shame on you!!

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