{"id":22857,"date":"2020-05-06T22:15:26","date_gmt":"2020-05-06T20:15:26","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=22857"},"modified":"2020-05-06T22:15:26","modified_gmt":"2020-05-06T20:15:26","slug":"zimbabwe-gets-us7m-covid-19-lifeline-from-the-world-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwe-gets-us7m-covid-19-lifeline-from-the-world-bank","title":{"rendered":"Zimbabwe Gets US$7M COVID-19 Lifeline From the World Bank"},"content":{"rendered":"

Zimbabwe will get $7 million from the World Bank to fight the coronavirus pandemic despite being in arrears with the Washington-based lender.<\/p>\n

The lender will mobilize $5 million from its Global Financing Facility Trust Fund to support the nation\u2019s health response to the outbreak and redirect about $2 million from its ongoing Zimbabwe Idai Recovery Project to support affected communities, a World Bank spokesperson said in an emailed response to questions.<\/p>\n

The support will come from the bank\u2019s trust funds and partners because Zimbabwe isn\u2019t current on its debt-service obligations with the institution and therefore can\u2019t access funds through its regular financing channels, the lender said.<\/p>\n

\u201cWe recognize this is a global crisis that impacts every country and we cannot leave anyone behind,\u201d the World Bank said. Its existing multi-donor Zimbabwe Reconstruction Fund technical assistance program is also now focused on supporting the government\u2019s emergency-response efforts, it said.<\/p>\n

Zimbabwean Finance Minister Mthuli Ncube wrote to multilateral lenders, including the International Monetary Fund, seeking assistance April 2. More than half of the population needs food aid, the economy collapsed even before the impact of the global coronavirus pandemic and the country\u2019s health service is in tatters, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Zimbabwe will get $7 million from the World Bank to fight the coronavirus pandemic despite being in arrears with the Washington-based lender. The lender will mobilize $5 million from its Global Financing Facility Trust Fund to support the nation\u2019s health response to the outbreak and redirect about $2 million from its ongoing Zimbabwe Idai Recovery […]<\/p>\n","protected":false},"author":84,"featured_media":17478,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1388,807],"class_list":{"0":"post-22857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-covid-19","10":"tag-mthuli-ncube"},"yoast_head":"\nZimbabwe Gets US$7M COVID-19 Lifeline From the World Bank - zimbabwe<\/title>\n<meta name=\"description\" content=\"Zimbabwe will get $7 million from the World Bank to fight the coronavirus pandemic despite being in arrears with the Washington-based lender.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-gets-us7m-covid-19-lifeline-from-the-world-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe Gets US$7M COVID-19 Lifeline From the World Bank\" \/>\n<meta property=\"og:description\" content=\"Zimbabwe will get $7 million from the World Bank to fight the coronavirus pandemic despite being in arrears with the Washington-based lender.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-gets-us7m-covid-19-lifeline-from-the-world-bank\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-06T20:15:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2019\/12\/Mthuli-Ncube-1-5e0b90c83d671.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-gets-us7m-covid-19-lifeline-from-the-world-bank\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-gets-us7m-covid-19-lifeline-from-the-world-bank\",\"name\":\"Zimbabwe Gets US$7M COVID-19 Lifeline From the World Bank - 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