La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

COVID-19: African Development Bank mobilizes $ 22 million for low-income countries in the ECOWAS region

The Board of Directors of the African Development Bank approved, on May 22 in Abidjan, an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and from Niger in response to the COVID-19 pandemic.
 
African Development Bank mobilizes $ 22 million for low-income countries in the ECOWAS region

Through this project, the Bank is making available to countries an amount of US $ 22.4 million. This financing is intended, on the one hand, for an amount of 9.55 million US dollars to acquire and make available to countries consumable goods and complementary inputs including screening tests, laboratory consumables, ventilators of respiratory assistance and personal protective equipment for medical personnel.

The second activity of the project, worth approximately US $ 12.83 million, will consist in strengthening and integrating the health systems of The Gambia, Mali and Niger, in particular, through coordination, operation and equipping national COVID-19 pandemic teams; the development and equipment of health infrastructure; training of health personnel; the supply of medical consumables and pharmaceuticals and the establishment of a computerized early warning system.




The operation will be executed by the West African Health Organization (WAHO), in accordance with the mandate to coordinate the interventions of technical and financial partners which has been entrusted to it by the Heads of State and Government of ECOWAS, during of their extraordinary meeting of April 23, 2020, in order to harmonize the fight against the pandemic.