After announcing a new focus on social protection, the bank says 80% of the developing world’s population is without assistance in tough times.
World Bank president Robert Zoellick is leaving the job at the end of his five-year term in June, opening the door for speculation on his successor.
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/ 21 September 2011
Sub-Saharan Africa could maintain its economic expansion in the near term, but faltering US or European recovery could threaten trade, says the IMF.
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/ 7 September 2011
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 chief Robert Zoellick warned of a "new and more dangerous" time in the global economy on Saturday, with little breathing space.
Conflict and violence are holding back global economic growth and trapping 1,5-billion people in dire poverty, the World Bank said on Sunday.
The global economy is moving towards a new monetary system with gold emerging as a preferred alternative to existing assets, said the World Bank.
President Jacob Zuma will return home on Friday from his visit to the UK with good news for SA but bad news for SADC.
United Nations chief Ban Ki-moon warned on Wednesday that failure was not an option in addressing the global food price crisis, and said an extra -billion to -billion per year would be needed to help avoid disaster.
It has been described as a global crisis pushing 100-million people into hunger, threatening to stoke social and political turmoil and set the fight against world poverty back by seven years. Now, the food price crisis will be tackled by world leaders, who meet in Rome next week to seek ways of reducing the suffering for the world’s poorest people.
The head of South Africa’s Scorpions crime-fighting unit, Leonard McCarthy, was appointed on Monday to head the World Bank’s anti-corruption unit. World Bank president Robert Zoellick, in a statement, said South African President Thabo Mbeki had agreed to release McCarthy from service to take up the position on June 30.
United Nations agencies and the World Bank pledged on Tuesday to set up a task force to tackle an unprecedented rise in global food prices that is threatening to spread social unrest. The international bodies called on countries not to restrict exports of food to secure supplies at home.
United Nations agencies and the World Bank pledged urgent action on Tuesday to tackle an unprecedented rise in global food prices that is hurting developing countries. The international bodies called on countries not to restrict exports of food to secure supplies at home, warning that could only make the problem worse.
A doubling of food prices over the past three years could push 100-million people in poorer developing countries further into poverty and governments must step in to tackle the issue, World Bank president Robert Zoellick said on Sunday at the end of the World Bank spring meeting in Washington, DC.
Rising food prices could spark worldwide unrest and threaten political stability, the United Nations’s top humanitarian official warned on Tuesday after two days of rioting in Egypt over the doubling of prices of basic foods in a year and protests in other parts of the world.
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/ 5 February 2008
China took part for the first time recently in World Bank meetings on the needs of some of Africa’s poorest countries in what the Bank sees as an important shift in Beijing’s role. China has a growing presence in Africa and has spent billions of dollars to secure raw materials to fuel galloping Chinese economic growth.
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/ 18 December 2007
The World Bank is planning projects in Africa with China’s Export-Import Bank to address concerns that Beijing is taking more than it gives as it scours the continent for oil and minerals. World Bank president Robert Zoellick said the pros and cons of the country’s push into Africa had been an important topic during his talks with senior officials.
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/ 17 October 2007
A delegation of rainforest pygmies from the Democratic Republic of Congo will fly to Washington this week to complain to the World Bank about its support for wholesale logging. The visit follows a leak of a report that criticised the bank for backing a number of logging projects without adequate consideration.
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/ 11 October 2007
World Bank president Robert Zoellick said Wednesday that globalisation must be ”inclusive and sustainable” if it is to help combat crushing poverty around the world. In a speech at the National Press Club, Zoellick said the World Bank should seek to foster such goals while guarding environmental protections.