U.S. Ambassador to the United Nations Linda Thomas-Greenfield has announced nearly $407 million in additional humanitarian aid for people affected by the Venezuela regional crisis. Through the U.S. Agency for International Development (USAID), nearly $251 million of this total will provide emergency food, health, water, and other urgent assistance to Venezuelan migrants and refugees, communities hosting them in neighboring countries, and the most vulnerable in Venezuela. This funding also … [Read more...] about US announces additional humanitarian aid in response to Venezuelan Regional Crisis
Africa: World Bank and African Union join forces to support rapid vaccination for up to 400mn people
The African Finance Ministers and the World Bank Group joined hands to fast track vaccine acquisition on the continent and avoid a third wave. In a boost to the African Union’s target to vaccinate 60% of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine Acquisition Task Team (AVATT) initiative with resources to allow countries to purchase and deploy vaccines for up to 400 million people across Africa. This … [Read more...] about Africa: World Bank and African Union join forces to support rapid vaccination for up to 400mn people
COVID-19 Response: USAID sends addidtional flight of emergency aid to Nepal and Pakistan
The U.S. Agency for International Development (USAID) mobilized another plane full of emergency medical supplies to help Nepal and Pakistan fight the deadly COVID-19 case surges that continue across South Asia. This shipment departed Travis Air Force Base in California carrying pulse oximeters and personal protective equipment for Nepal, including 400,000 KN95 masks from the Federal Emergency Management Agency (FEMA) and approximately 450,000 disposable gowns donated by the California … [Read more...] about COVID-19 Response: USAID sends addidtional flight of emergency aid to Nepal and Pakistan
$150m Financial Support to improve incomes and build resilience in Northern Mozambique
In order to improve incomes and build social and economic resilience of local communities in selected rural areas of Northern Mozambique, the World Bank has approved a $150 million credit from the International Development Association (IDA) in support of the Government of Mozambique’s Northern Mozambique Rural Resilience Project. Idah Z. Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Comoros, Mauritius, and Seychelles, noted: “This operation complements our efforts … [Read more...] about $150m Financial Support to improve incomes and build resilience in Northern Mozambique
NextGenerationEU: Commission endorses Greece’s €30.5bn recovery and resilience plan
The European Commission has adopted a positive assessment of Greece's recovery and resilience plan. This is an important step towards disbursing €17.8 billion in grants and €12.7 billion in loans under the Recovery and Resilience Facility (RRF) over the period 2021-2026. This financing will support the implementation of the crucial investment and reform measures outlined in Greece's recovery and resilience plan. It will play a key role in enabling Greece emerge stronger from the COVID-19 … [Read more...] about NextGenerationEU: Commission endorses Greece’s €30.5bn recovery and resilience plan
Cabo Verde: $10 million Funding to boost state-owned enterprises
The World Bank’s Board of Executive Directors approved $10 million in International Development Association (IDA) funding to scale-up and expand the activities to strengthen State-Owned Enterprises (SOEs) related fiscal management in Cabo Verde. This additional financing to the $20 million SOE Project effective on October 2018 will support the Government SOE restructuring and privatization agenda, promote Foreign Direct Investment in the SOE sector and encourage reform in the housing … [Read more...] about Cabo Verde: $10 million Funding to boost state-owned enterprises
Norway pledge US$430 million towards “Raise Your Hand” financing campaign
The Global Partnership for Education (GPE) received over US$450 million in new pledges towards the "Raise Your Hand" financing campaign with 3.7 billion kroner (US$430 million) from Norway, US$23 million from the LEGO Foundation and US$1 million from the Open Society Foundations. The campaign seeks to raise at least US$5 billion to transform education for the most vulnerable children in nearly 90 lower-income countries and territories. The announcements were made today at the Raise Your … [Read more...] about Norway pledge US$430 million towards “Raise Your Hand” financing campaign
Commission announces €20 million in humanitarian funding for Algeria, Egypt, and Libya
The Commission announced €20 million in humanitarian funding to be provided in Algeria, Egypt and Libya that will support the most vulnerable people affected by the region's political and protracted crises; the over four-decade-long Sahrawi refugee crisis in Algeria, the volatile Libyan crisis, and the refugees and asylum seekers in Egypt. Out of the €20 million funding: €9 million will support the Sahrawi refugees in Algeria with food, nutrition, and clean water. It will also help the … [Read more...] about Commission announces €20 million in humanitarian funding for Algeria, Egypt, and Libya
FAO plans new Strategic Framework to drive agri-food systems transformation
Members of the Food and Agriculture Organization of the United Nations (FAO) endorsed the new Strategic Framework that will drive the Organization's efforts to transform agri-food systems and address hunger, poverty and inequality over the next decade. Endorsed at the last day of the 42nd Session of FAO Conference, the supreme decision-making body that brings together all FAO Members - 194 countries plus the European Union, the Strategic Framework 2022-2031 seeks to support the 2030 Agenda … [Read more...] about FAO plans new Strategic Framework to drive agri-food systems transformation
IKEA-Rockefeller join forces with $1 billion initiative to fight climate change and energy poverty
The IKEA Foundation and The Rockefeller Foundation announce they will join forces to set up a $1 billion global platform to fight climate change and energy poverty. The platform – launching this year – aims to reduce 1 billion tons of greenhouse gas emissions and to empower 1 billion people with distributed renewable energy (DRE). This is renewable energy generated from sources such as mini-grid and off-grid solutions, located near the point of use, rather than centralized sources like power … [Read more...] about IKEA-Rockefeller join forces with $1 billion initiative to fight climate change and energy poverty
