The Ebola outbreak could cost African economies as much as $32.6-billion by the end of 2015, according to the World Bank Group.
After announcing a new focus on social protection, the bank says 80% of the developing world’s population is without assistance in tough times.
The World Bank’s vice-president for Africa says states should enhance inter-continental trade to fight off the impact of the eurozone crisis.
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/ 13 January 2012
The World Bank has identified South Africa and Tanzania as having some of the highest costs for remittance payments in the world.
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/ 28 October 2011
A joint report by the World Bank and UNODC urges governments to devote more resources to training investigators in fighting financial crime.
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/ 20 October 2011
South Africa has risen in an index ranking countries’ ease of doing business to 35th out of 183 economies, according to a new World Bank report.
Côte d’Ivoire President Alassane Ouattara has told his ministers to sign a code of ethics aimed at stamping out corruption and nepotism in the nation.
US Secretary of State Hillary Clinton says she’s not after the top job at the World Bank after reports she wants to be the institution’s next head.
The recent financial crisis has highlighted the need for legitimate and credible institutions for global governance, writes <b>Pravin Gordhan</b>.
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 World Bank’s Africa strategy, unveiled on Thursday, carries risks such as a volatile global economy, political violence and inadequate resources.
Busa backed the urgent need for a World Bank loan to Eskom as a part of a larger borrowing programme by the power utility.
Fears that any tentative green shoots in the global economy could be trampled by a deadly outbreak of swine flu put Asian markets on edge on Monday.
The World Bank said on Thursday it had approved -million, interest-free credit to support Pakistan’s programme on economic stability.
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/ 11 February 2009
The G7 meet in Rome this week to kick off a run of high-profile meetings among leaders wrestling to get recession-hit economies back on their feet.
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/ 10 September 2008
Ministers from rich and poor countries met in Accra last week to discuss ways to make the system of aid more effective.
President Mwai Kibaki is open to the idea of a coalition government to end Kenya’s post-election crisis but only if the opposition meets his terms, South African Nobel laureate Desmond Tutu said on Friday. ”There is a great deal of hope,” said Tutu, trying to mediate to end turmoil that has killed more than 300 people and threatened one of Africa’s strongest economies.
The World Bank encouraged foreign companies to destructively log the world’s second largest forest, endangering the lives of thousands of Congolese Pygmies, according to a report on an internal investigation by senior bank staff and outside experts.