The World Bank has approved additional financing of US$10 million for the ongoing Jamaica Foundations for Competitiveness and Growth Project.
The additional financing
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US$50 Million Boost to Fiji’s Social Protection System to Address Employment Impacts of COVID-19
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WASHINGTON D.C., February 9, 2021 – The World Bank’s Board of Executive Directors has approved a US$50 million (FJ$102.7 million) Credit to support Fiji’s recovery from the impacts of COVID-19 and severe tropical cyclones Harold and Yasa. The project has a special focus on women who have been disproportionally affected by the crisis.
In the past 12 months, Fiji has experienced an extraordinary hit from external shocks. The immense social and economic impact of COVID-19 have brought Fiji’s tourism sector to a virtual standstill have been exacerbated by a staggering five tropical cyclones in the past twelve months; including two severe Category Five cyclones. These external shocks have resulted in an economic contraction of 19 percent in 2020 and a rise in unemployment to 27 percent – the most severe contraction in Fiji’s history.
Support will focus on continued prevention and control of coronavirus
together with longer term support for the health sector
HONIARA, February 1, 2021 – The World Bank has approved a US$5 million emergency project for Solomon Islands to support the country’s COVID-19 preparedness and response while also strengthening critical health systems. The nation-wide project will provide immediate assistance that is designed to complement activities supported by other development partners.
The project will support prevention, preparedness, and emergency response activities for COVID-19 in Solomon Islands, including providing personal protective equipment and supplies to front line health workers; enhancing case detection and contact tracing; strengthening quarantine facilities in areas bordering Papua New Guinea and isolation units in the provinces; mobilizing health care workers (including laboratory technicians); and supporting operating expenses for the response.