African leaders at a business forum say they are optimistic about becoming full partners in a relationship with the US worth an estimated $85-billion.
A veteran economist at the IMF has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown.
African Development Bank president Donald Kaberuka has pledged to provide Malawi with $45-million in order to resuscitate the ailing economy.
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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.
A meeting of emerging economies will consider a Brazilian proposal to buy European bonds to help crisis-hit eurozone countries, Pravin Gordhan says.
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/ 22 September 2011
Greece has adopted more austerity measures to secure a bailout instalment, and the IMF warned Europe’s debt crisis is putting banks’ capital at risk.
The famine in the Horn of Africa is a result of the international community’s failure to end Somalia’s civil war.
An informal survey shows French Finance Minister Christine Lagarde appeared poised to become the head of the IMF this week.
Dominique Strauss-Kahn faced growing pressure to quit as head of the IMF after his arrest on attempted rape charges.
IMF chief Dominique Strauss-Kahn is expected to be arrested and charged overnight with an alleged sexual assault of a hotel maid.
United States President Barack Obama called on Wednesday for new ways to tackle global poverty.
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/ 20 September 2010
Budget-strapped rich donors will call for a rethink of strategies to make sure their aid funds are not wasted when world leaders meet this week.
Prosecutors staged a surprise comeback this week in their battle with the National Prosecuting Authority’s chiefs over charges against Jacob Zuma.