Business

IMF Releases US$650 Billion ‘Shot in the Arm’ for the Global Economy

WASHINGTON, DC, August 11, 2021 (ENS) – To address the global need for financial reserves during the current two-pronged public health and resulting financial crisis, the International Monetary Fund’s Board of Governors has approved a general allocation of Special Drawing Rights, SDRs, equivalent to US$650 billion. […]

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Air/Climate

World Leaders Reach for Climate Adaptation Strategies

THE HAGUE, The Netherlands, January 26, 2021 (ENS) – As Earth’s climate heats up, a new international coalition is forming to tackle the impacts of global climate change, UK Prime Minister Boris Johnson announced Monday. Johnson was speaking at the virtual Netherlands-hosted Climate Adaptation Summit- the first global summit focused solely on adaptation and resilience. […]

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Business

Vulnerable Nations Receive Billions for Virus Response

WASHINGTON, DC, May 20, 2020 (ENS) – The unprecedented coronavirus crisis the world is now going through could push 60 million people in developing countries into extreme poverty, the head of the World Bank Group warned today while announcing financial assistance to 100 of the poorest and most vulnerable countries. […]