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/ 1 February 2008
Mozambique’s poverty-alleviation programme this week received a boost following the approval of a further -million loan by the World Bank. ”The council of executive directors of the World Bank has approved a credit for the International Development Association to the value of -million,” the bank said in Maputo on Friday.
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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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/ 14 October 2007
The new heads at the World Bank and the International Monetary Fund (IMF) face the tough task of restoring credibility to the powerful financial bodies that hold an annual summit this month, analysts say. Negotiations are under way to reform the distribution of votes among the IMF’s 185 members.
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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.