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world bank: World Bank to operate 'loss and damage' climate fund

The World Bank will "operate" an ambitious new climate change fund, but donors and recipients will likely control how the money is actually spent, the head of the development lender said Friday. The World Bank will play a more limited role, managing the day-to-day operations of the fund, Banga explained.
United Arab Emirates Ajay Banga World Bank Bank President Ajay Banga Climate Fund Loss And Damage

The Foreign Ministry launches grant competition for the co-financing of development cooperation and global education projects

The Latvian Ministry of Foreign Affairs is launching a co-financing grant project competition “Support for Development Cooperation and Development (Global)…
United States Republic Of Latvia Development Global Education Projects Other International Aid Donors European Union Eastern Partnership Development Cooperation
Source: mfa.gov.lv

New OECD hub to boost transparency on the tax treatment of foreign aid

OECD Information for journalists, The OECD today launched a new digital hub to improve transparency around the taxation of development aid by presenting approaches taken by participating donor countries to claiming tax exemptions on goods and services funded by official development assistance (ODA).
United States Addis Ababa Pascal Saint Amans Development Directorate European Commission Centre For Tax
Source: oecd.org

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China's Vocational Education Workshops Seek to Strengthen Relations with Africa

Introduction Over the past two decades, China has continuously increased its presence in, and cooperation with, countries across the African continent. The magnitude of increase in Chinese aid, can be seen by tracking the increase in China’s total Official Development Assistance (ODA) commitments to Africa, which jumped from $2.6 billion in 2000 to $37.3 billion in 2014 (AidData, 2019). At …
Ministry Of Foreign Affairs Al Qahirah South Africa Northern Cape Sri Lanka Kwazulu Natal

G7 plans infrastructure initiative

The Group of Seven (G7) economic powers are planning a massive infrastructure initiative in poorer countries, in a bid to provide a counterweight to China's multitrillion-dollar Belt and Road Initiative dubbed the "New Silk Road.""We know there is a huge need for infrastructure, in Africa for example.
United States White House District Of Columbia Angela Merkel Group Of Seven Road Initiative
Source: yahoo.com

White House selects regions for first wave of vaccine donations

The Biden administration on Thursday laid out its framework for sharing vaccines for the world and named the recipients of the first 25 million doses, taking a major step toward becoming a global vaccine supplier.Why it matters: The U.S. had until recently been the only major vaccine producer to keep virtually its entire supply at home, while countries looked to Russia or China for doses. But Biden has pledged to share at least 80 million doses this month and additional shipments beyond that.Sta
United States White House District Of Columbia Bruxelles Capitale Jeff Zients Jake Sullivan
Source: yahoo.com

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