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Santa brings Christmas cheer to Chad refugee camp

Chad Dembo refugee camp

N’Djamena, Chad Reuters A 37 year-old Central African Republic refugee, Henriette Batnan, could not afford buying a Christmas present for her son Edouard, who fled home with her in 2017. Instead, she dressed him in ceremonial robes so he could meet Santa Claus, who visited the Dembo Refugee Camp in southern Chad on Wednesday, bringing […]

World Bank says Ukraine has ten-fold increase in poverty due to war

Ukraine Kharkiv playing football

Washington DC, US Reuters Russia’s attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increase in poverty this year, a top World Bank official said on Saturday. Arup Banerji, World Bank regional country director for Eastern Europe, […]

Serious debt crisis unfolding across developing countries – UNDP

Spain Madrid Alucha

London Reuters The United Nations’ Development Programme joined on Tuesday the chorus of institutions and charities warning that a serious debt crisis is now taking hold in the poorest parts of the world. In a new report, the UNDP estimated that 54 countries, accounting for more than half of the world’s poorest people, now needed […]

Rebuilding Ukraine after Russian invasion may cost $US350 billion, experts say

Ukraine Kharkiv shelled building

Washington DC, USReuters Russia’s invasion caused over $US97 billion in direct damages to Ukraine through to 1st June, but it could cost nearly $US350 billion to rebuild the country, a report released Friday by the World Bank, Ukrainian Government and European Commission shows. It said Ukraine had suffered $US252 billion in losses through disruptions to […]

Pakistan floods cost at least $US10 billion – planning minister

Pakistan Sohbatpur floods

Islamabad, PakistanReuters Early estimates put the damage from Pakistan’s deadly floods at more than $US10 billion, its planning minister said on Monday, adding that the world has an obligation to help the South Asian nation cope with the effects of man-made climate change.  Unprecedented flash floods caused by historic monsoon rains have washed away roads, […]

Sri Lanka says World Bank agrees to provide $US600 million in financial aid

Indonesia World Bank logo

Colombo, Sri Lanka Reuters The World Bank has agreed to provide Sri Lanka with $US600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president’s media division said in a statement on Tuesday. “The World Bank has agreed to provide $US600 million in financial assistance to address the current […]