Tunisia secures $130 million loan from World Bank for food security

The World Bank announced Tuesday a $130 million loan to help Tunisia meet the cost of grain imports, the prices of which have skyrocketed since the Russian invasion of Ukraine.

The World Bank announced Tuesday a $130 million loan to help Tunisia meet the cost of grain imports, the prices of which have skyrocketed since the Russian invasion of Ukraine.

The Board of Executive Directors of the International Development Association (IDA) has approved a credit of US$36 million and a grant of US$24 million from the IDA Crisis Response Window to Malawi for the Emergency Power Restoration project.

The World Bank on Wednesday announced $12 billion in additional funding for projects aimed at addressing the global food security crisis, bringing the total to $30 billion.

The World Bank has announced that its outgoing country manager in Zimbabwe, Mukami Kariuki will be replaced by Zambian national Marjorie Mpundu.

President Emmerson Mnangagwa has extended the term of central bank governor Dr John Mangudya for another five years.