Remittances worldwide exceeded the value of Foreign Direct Investment and official aid to the poorest countries last year
World
Jeff Bezos' ex-wife donates $2.7 billion to Non-Profit Organizations
US billionaire philanthropist MacKenzie Scott announced on Tuesday that she has donated $2.7 billion to 286 non-profit organizations
World Bank Joins Vaccine Procurement Group for Africa
The World Bank joined the Africa Vaccine Acquisition Task Force (AVATT), accelerating the process of vaccinating 60% of Africa's population
World Bank updates strategy for Africa and includes North for the first time
The World Bank announced on Monday that it will include North Africa in the continent's regional integration strategy for the first time, focusing on regional connectivity for the duration of the plan, until 2023
World's richest family sells 16.7 million Walmart shares
The Walton family, considered the richest in the world, sold 16.7 million shares in Walmart, one of the world's largest multinationals
Financial Institutions Pledge 80 Billion for Africa by 2025
The G7 development finance institutions, the African Development Bank and several European banks announced Monday that they will invest $80 billion by 2025 in Africa to support growth
IMF wants vaccination in needy countries paid for by rich countries and pharmaceutical companies
The director of the International Monetary Fund (IMF), Kristalina Georgieva, said this Sunday on the sidelines of the G7 summit that rich countries and pharmaceutical companies should "pay" for coronavirus vaccination programs in developing countries
European Union expects more transparency on vaccine exports
At a press conference in Brussels together with the President of the European Council, Charles Michel, she said that the issue of global health and equitable access to vaccines will be one of the key topics of the meeting
Debt will increase austerity in Sub-Saharan Africa
The director of the debt justice department at the non-governmental organization (NGO) network Eurodad said Thursday that fiscal austerity will increase in coming years for developing countries
Mastercard announces $1.3 billion in funding for Africa
The Mastercard Foundation will donate $1.3 billion over the next three years to help fight the covid-19 pandemic and accelerate economic recovery on the African continent
"Pandemic will destroy the equivalent of 100 million jobs by 2021" - ILO
The pandemic will destroy the equivalent of 100 million full-time jobs by 2021, a number that will fall to 26 million by 2022
WHO approves Chinese vaccine from Sinovac
The World Health Organization (WHO) on Tuesday approved Sinovac's Chinese vaccine for emergency use