Climate shocks could push millions of Brazilians into extreme poverty by 2030, a report by the World Bank on Thursday said, urging the country to accelerate investments towards renewable energy sources.
The World Bank has approved a $150 million loan to support sustainable growth and climate resilience in Panama, the lender said in a statement on Thursday.
The World Bank approved a $100 million loan to El Salvador to help the Central American country improve the reliability and quality of its water supplies as well as prepare for natural disasters, the lender said in a statement on Thursday.
Debt sustainability analyses carried out by the World Bank and International Monetary Fund should reflect the growing share of domestic debt in many developing countries' overall debt levels, World Bank President David Malpass said on Wednesday.
The executive board of the International Monetary Fund on Monday approved the first review of Tanzania's three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement.