Africa missing out on billions in trade

The World Bank says Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent.

World Bank releases $500m for Philippine flood

The World Bank has released $500-million to help the Philippine government's recovery and reconstruction efforts after Tropical Storm Washi.

Lessons from Turkey's new 'soft power'

While Nato was bombing its way to the Libyan oilfields, Turkey has been using "soft power" to assert its new-found foreign policy.

Sudan's crippling debt

Sudan's debt risks exacerbating a difficult economic situation as annual debt servicing costs hit about $1-billion after the secession of the South.

Sub-Saharan Africa might feel Europe, US pinch

Sub-Saharan Africa could maintain its economic expansion in the near term, but faltering US or European recovery could threaten trade, says the IMF.

Gold hits new high as fear stalks financial markets

Gold has reached $1 921.41 per ounce and FTSE staged 'marginal' recovery as double-dip recession fears sent Japan's Nikkei index falling.

World Bank warns of 'more dangerous' times ahead

World Bank chief Robert Zoellick warned of a "new and more dangerous" time in the global economy on Saturday, with little breathing space.

SA may have reached growth peak for 2011

South Africa may be past its growth peak for 2011 in the light of uncertainty about the global economy and nationalisation.

Manuel opts out of IMF contest

Former Finance Minister Trevor Manuel says he won't run for IMF chief, making French Finance Minister Christine Lagarde a firm favourite.

Fears of all-out global trade war

Local economists downbeat about the upcoming G20 meeting and expect developing countries to look to their own interests.

Cosatu: Come clean on Eskom loan

The government must make public all the conditions attached to the World Bank's loan of $3,75-billion to Eskom, Cosatu said.

World Bank loan to Eskom welcomed

SA on Friday welcomed a decision by the World Bank to grant Eskom a $3,75-billion loan to develop a power plant to boost flagging power supply.

World Bank approves Eskom loan

The World Bank has approved the granting of a $3,75-billion loan to electricity parastatal Eskom

Zille lobbies against Eskom loan

Opposition leader Helen Zille has lobbied the US and Britain not to support SA's request for a World Bank loan to build a new power station.

Residents complain to World Bank about Eskom loan

Limpopo residents on Tuesday filed a complaint with the World Bank about the $3,75bn loan sought by Eskom to help finance the Medudi power plant.

Support World Bank loan to Eskom, says minister

All South Africans should support the granting of the World Bank loan to Eskom, Energy Minister Dipuo Peters said on Tuesday.

Africa needs billions for infrastructure, says World Bank

Infrastructure development in sub-Saharan Africa needs $93-billion a year over the next decade, the World Bank said on Thursday.

Turkish protesters, police clash at IMF meeting

Turkish police fired tear gas and used water cannon for a second day to break up protests against the IMF and World Bank on Wednesday.

Riot police charge protesters at IMF, World Bank meet

Turkish riot police on Tuesday used tear gas and water canons to break up a rally by 2 000 anti-IMF protesters in Istanbul

World Bank injects $74m into Zim agriculture

The World Bank on Wednesday announced a $74-million grant to revive Zimbabwe's agriculture sector.

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