Although other sources of funds are growing in importance, the World Bank will remain an important and controversial actor in Africa.
African Development Bank president Donald Kaberuka has pledged to provide Malawi with $45-million in order to resuscitate the ailing economy.
Guinea-Bissau’s junta and opposition parties have pressed on with plans for a transition, despite international calls for a return to democracy.
The World Bank has chosen Jim Yong Kim as its next chief in a decision that surprised few despite the first-ever challenge to the US.
Nigerian Finance Minister Ngozi Okonjo-Iweala says the World Bank appointment is not being decided on merit and that the US nominee will win.
Serious doubt exists about the transparency of the process in electing the next World Bank president, Finance Minister Pravin Gordhan said.
Nigeria’s Ngozi Okonjo-Iweala says the World Bank needs a shake-up to end the inertia that has built up over six decades.
Nigeria’s Finance Minister Ngozi Okonjo-Iweala, backed by Africa’s leading economies, has announced her interest in the World Bank’s top job.
The selection of a new president for the World Bank is an opportunity to promote the continent.
Alstom, a French engineering company with links to the SA nuclear industry, is in the firing line for ‘improper payments’ to an official in Zambia.
A company with links to the South African nuclear industry is in the firing line for ‘improper payments’.
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/ 26 February 2012
The world’s major emerging economies on Saturday rejected the tradition that an American is automatically selected to head the World Bank.
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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/ 8 February 2012
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.
The World Bank has released $500-million to help the Philippine government’s recovery and reconstruction efforts after Tropical Storm Washi.
While Nato was bombing its way to the Libyan oilfields, Turkey has been using "soft power" to assert its new-found foreign policy.
A $1.2-billion World Bank credit to Bangladesh to finance the country’s longest river bridge has been suspended.
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/ 30 September 2011
Sudan’s debt risks exacerbating a difficult economic situation as annual debt servicing costs hit about $1-billion after the secession of the South.
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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.
South Africa may be past its growth peak for 2011 in the light of uncertainty about the global economy and nationalisation.
Former Finance Minister Trevor Manuel says he won’t run for IMF chief, making French Finance Minister Christine Lagarde a firm favourite.
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/ 12 November 2010
Local economists downbeat about the upcoming G20 meeting and expect developing countries to look to their own interests.
The global economy is moving towards a new monetary system with gold emerging as a preferred alternative to existing assets, said the World Bank.
Policymakers eager to please the West transplant policies that stunt the continent’s growth.
The government must make public all the conditions attached to the World Bank’s loan of $3,75-billion to Eskom, Cosatu said.
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.
The World Bank has approved the granting of a $3,75-billion loan to electricity parastatal Eskom
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.
All South Africans should support the granting of the World Bank loan to Eskom, Energy Minister Dipuo Peters said on Tuesday.
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/ 12 November 2009
Infrastructure development in sub-Saharan Africa needs -billion a year over the next decade, the World Bank said on Thursday.
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.