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.
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 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…
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…
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…
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…
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…
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…
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…
