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THE Philippines, which ranks the third most disaster-prone country in the world, can now immediately liquidate funds to address emergency needs when a crisis occurs. In a social media post on Sunday, the Department of Finance (DOF) said Finance Secretary Ralph G. Recto signed the Rapid Response Option (RRO) with…
At NGA’s 2024 Winter Meeting, the nation’s First Spouses joined together in a session to raise awareness about overdose prevention initiatives and to receive training on how to use naloxone, with the participating First Spouses leaving the meeting with the overdose reversal medication in-hand.
The World Bank on Thursday said it approved new initiatives to allow member countries hit by natural disasters and other shocks to quickly access emergency funds from their existing loan programs to... -February 01, 2024 at 06:56 pm EST - MarketScreener
The World Bank today approved a suite of groundbreaking tools to help developing countries better respond to crises and strengthen preparedness for future shocks. These new tools will further expand the Crisis Preparedness and Response Toolkit unveiled recently, empowering nations in a world where crises have become the “new normal,” driving impactful development, and ultimately contributing to creating a world free of poverty on a livable planet.
The World Bank on Thursday said it approved new initiatives to allow member countries hit by natural disasters and other shocks to quickly access emergency funds from their existing loan programs to help them respond to an increasingly crisis-prone world. The enhancements to the bank's Crisis Preparedness and Response Toolkit would allow countries to immediately receive up to 10% of undisbursed funds from an existing project loan or other facility for emergency response. World Bank Managing Director for Operations Anna Bjerde told Reuters that a country with $3 billion undisbursed from ...