Finance & Economics | WPN World People News

Health spending in Latin America & the Caribbean (LAC) was about USD 1,000 per person in 2017, only ¼ of what was spent in OECD countries (adjusted for purchasing power). At the same time, health systems’ capacity is also considerably lower, including the ability to provide access to services of good quality to the most vulnerable groups. In addition, much is left to to be done to improve efficiency, effectiveness and targeting of health spending.

The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $111.06 million (SDR80.1 million) to Rwanda under the Rapid Credit Facility (RCF) on June 11.

Yana, 12, Lyubov, 10, Arina, 13 and Daniil, 7 months, sit in the living room of their small rented house in Nur-Sultan, Kazakhstan.

The Executive Board of the International Monetary Fund (IMF) approved Guatemala’s request for emergency financial assistance under the Rapid Financing Instrument (RFI) equivalent to SDR 428.6 million (100 percent of quota, or about US$ 594 million at exchange rate on June 10). The RFI will help the country meet the urgent balance of payments needs stemming from the COVID-19 pandemic and catalyze additional funding from other development partners.

The World Bank, on June 17, announced US$25 million in new funding from the International Development Association (IDA), the World Bank’s arm for the poorest countries, to help Yemen control the ongoing locust outbreak affecting the country and strengthen its preparedness systems against threats of future outbreaks.

Many container ports, like this one in New York City, have seen a decline in activity as a result of the coronavirus pandemic.

The World Bank Board of Executive Directors approved, on June 12, a budget support of US$175 Million for Tunisia under the Resilience and Recovery Emergency Development Policy Operation.

Seizing green energy opportunities through increased investments in renewables can contribute to post COVID-19 economic recovery and create more jobs in the Maldives, says the latest World Bank Maldives Development Update: In Stormy Seas released on Monday.

The World Bank Board of Executive Directors approved, on June 12, a budget support of US$ 175 Million for Tunisia under the Resilience and Recovery Emergency Development Policy Operation.

It is estimated that family remittances – the money sent back by migrant workers to their relatives – support 800 million people worldwide.