Organizations call on G-20 to cancel debts
Four anti-poverty international organizations called on G-20 finance ministers to cancel debts in poor nations so they can deal with the COVID-19 pandemic.
World Bank Group
Founded in 1944, the Washington-based World Bank Group provides financial and technical assistance to developing countries around the world. Its mission is to fight poverty and to help people help themselves and their environment.
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Eight candidates in running for WTO chief
Eight contenders from Britain, Egypt, Kenya, Mexico, Moldova, Nigeria, Saudi Arabia and South Korea have until September 7 to campaign for the job of WTO chief.
Global e-waste rises 21% in 5 years and is predicted to double by 2030
A big problem, the organizations say, is that collection and recycling programs don't keep pace with the rising pollution.
Candidates vie to become next WTO chief
The embattled WTO shifted to selecting a new director-general in an expected race between candidates from Mexico, Africa and Europe.
Coalition offers schools reopening advice
Humanitarian organizations offered guidelines to help 1.5 billion students who face "an unprecedented risk" if the pandemic keeps schools closed for long.
AfDB announces $10 billion virus plan
The African Development Bank Group launched emergency measures to provide up to $10 billion in credit for those struggling with the coronavirus pandemic.
G-20 pledges $5 trillion to fight virus
G-20 major economies promised to spend more than $5 trillion to prop up the global economy and hasten recovery from the pandemic.
WHO and foundations launch virus fund
WHO and two international foundations launched a first-of-its-kind fund to help vulnerable populations and weak health systems cope with the pandemic.
U.N. warns of $2 trillion in economic losses from coronavirus
Trade economists who advise the U.N. warned COVID-19 could cost the world economy up to $2 trillion in 2020 and push nations into recession.
UNCTAD sees $50 billion exports drop
The global coronavirus outbreak likely caused a $50 billion decline in manufacturing exports from China in February alone.
G-7 pledges to fight new coronavirus risks
G-7 finance chiefs vowed to safeguard their economies from the coronavirus outbreak, but did not offer specifics about what they might be prepared to do.
Bond for financing development shows confidence in organizations
The World Bank's benchmark bond was set at its tightest spread to U.S. treasuries in the organization's history.
World Bank warns of $55 trillion debt
Developing nations ran up $55 trillion of debt in 2018 as part of an eight-year debt surge that is the largest in a half-century, the World Bank said.
Poor nations focus of global refugee forum
Six countries and the U.N. opened the first Global Refugee Forum to help poor nations overwhelmed by taking in people fleeing for safety across borders.
Gavi approves new Ebola vaccine stockpile
A public–private global health partnership said it will invest US$178 million to establish an emergency stockpile of 500,000 Ebola vaccine doses worldwide.
World Bank and IMF caution on slowdown
World Bank and International Monetary Fund leaders called on 189 member nations for help in easing trade and geopolitical tensions.