International Bank For Reconstruction And Development
latest news & developments
Spekboom restoration at centre of $120m World Bank climate bond
The World Bank has priced a $120m spekboom restoration bond in South Africa’s Eastern Cape, linking investor returns to ecosystem recovery
Food price crisis: ‘We cannot afford to fail’
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…
Parts of Indonesian capital swamped by tidal wave
A 2,2m high tidal wave inundated parts of Jakarta overnight as the city government and citizens tried to hold the water back with emergency embankments, a government official…
Lack of cooperation hinders malaria prevention
Sunburned expedition leaders fresh from a journey down the Zambezi River to call attention to malaria said on Tuesday that countries must work together to eliminate the disease.…
Food summit blames trade barriers for high prices
The United Nations urged a summit on the global food crisis on Tuesday to help stop the spread of starvation threatening nearly one billion people by lowering trade barriers and…
World leaders to tackle food crisis at Rome summit
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…
Mbeki calls on G8 to support Nepad
President Thabo Mbeki called on G8 countries on Friday to follow through on promises of support for Africa’s socio-economic rescue plan Nepad. ”The other G8 members have got to…
Japan, Africa pledge to ramp up food production
African leaders and Japan pledged on Friday to get to work to ramp up food production, calling it ”critical” for the continent’s development amid a crisis over soaring prices.…
Annan: Africa needs ‘green revolution’ to fight food crisis
Africa is in need of a ”green revolution” to combat a growing food crisis on the continent, former United Nations secretary general Kofi Annan said in a speech in London on…
China’s push praised and censured in Mauritius
Sitting under a pair of mango trees and sipping coconut water, Toolsy Poorun (87) says he thought he would live in Terre Rouge forever. But then Chinese investment came to this…
World Bank: High food prices could last three years
The prices of staple foods such as rice could stay high for the next three years, hindering the battle against poverty, a top World Bank official said on Tuesday. Food prices had…
West urged to cancel $400bn of poor countries’ debt
A further -billion of debt relief for the world’s poorest countries is needed despite a decade of progress, the Jubilee Debt Campaign warns on Friday. The group’s latest report…
Turmoil as tobacco prices fluctuate in Malawi
Malawi’s tobacco industry has been in turmoil after wildly fluctuating prices led protesting farmers to force the closure of the auction floors. This year’s tobacco sales started…
Medieval church re-emerges as Spain ships in water
The most striking image of Spain’s drought, that has forced Barcelona to ship in water, has been that of the underwater church which emerged from a drying dam. For most of the…
Minister: All Scorpions probes will be finalised
Safety and Security Minister Charles Nqakula on Tuesday gave the assurance that all cases currently under investigation by the Directorate of Special Operations, or Scorpions,…