African Development Bank president Donald Kaberuka has pledged to provide Malawi with $45-million in order to resuscitate the ailing economy.

The World Bank has never fired its president in its more than 60-year history. That could change this week. The bank's board of shareholder nations will meet as soon as Tuesday, possibly followed by a second meeting, to decide whether Paul Wolfowitz will be forced out or given the chance to negotiate his departure.

The financial crisis is set to sharply slow growth in emerging and developing economies next year, ending a five-year global commodity price boom.

Improved economic policies in Zimbabwe have led to a "nascent" recovery in the economy, the International Monetary Fund said on Thursday.

The famine in the Horn of Africa is a result of the international community's failure to end Somalia's civil war.

A veteran economist at the IMF has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown.

A meeting of emerging economies will consider a Brazilian proposal to buy European bonds to help crisis-hit eurozone countries, Pravin Gordhan says.

African Development Bank president Donald Kaberuka has pledged to provide Malawi with $45-million in order to resuscitate the ailing economy.