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Tag: World Bank

World Bank Estimates Venezuela Earthquakes Caused $19.6 Billion in Damage

Volunteers search for bodies in the rubble of an Obras del Poder Popular building in Caraballeda

The World Bank has estimated that the powerful earthquakes which struck Venezuela in late June caused approximately $19.6 billion in physical damage, highlighting the enormous financial and humanitarian challenges the country now faces. The assessment provides one of the clearest pictures yet of the destruction left behind by the twin earthquakes and the scale of… Continue reading World Bank Estimates Venezuela Earthquakes Caused $19.6 Billion in Damage

South Africa World Bank Loan Boosts Infrastructure

Development infrastructure and finance in South Africa

South Africa has secured a $1.5 billion loan from the World Bank to support key infrastructure projects aimed at improving public services, stimulating economic growth and creating new employment opportunities. The funding will help the government tackle long-standing challenges in critical sectors while supporting ongoing economic reforms designed to strengthen the country’s future. Investment in… Continue reading South Africa World Bank Loan Boosts Infrastructure