Ebola took the world by surprise - World Bank chief

2014-09-19 16:35

The devastating Ebola outbreak caught the world off guard, World Bank President Jim Yong Kim says, as he questioned the international community’s readiness to respond to other pandemics.

Slowing climate change makes economic sense

2014-09-16 12:18

Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities, an international report says.

World Bank review shows flaws in safeguards

2014-07-15 19:30

The World Bank has systemic defects in its procedures to ensure that people and the environment are not harmed in development projects, according to a review.

World Bank cuts Kenya growth forecast

2014-06-26 10:45

Kenya will grow slower than expected in 2014, due to poor rains and growing insecurity in east Africa's biggest economy.

Brics bank could start lending in 2016

2014-05-30 13:37

The Brics nations will likely agree to fund their $100bn development effort equally, giving them the same rights in a new multilateral bank, a top official says.

World Bank gives Madagascar huge loan

2014-05-19 15:00

A World Bank spokesperson says the bank is ready to unlock funding to Madagascar following a peaceful election.

Millions with tropical diseases are 'neglected'

2014-04-03 07:38

At least 1.4 billion people worldwide require treatment for a group of "neglected" tropical diseases and almost two-thirds are going without adequate medical care, eradication campaigners say.

Zambia moves swiftly to save Kariba Dam

2014-03-24 08:51

The Zambian government has reportedly moved swiftly to try and mobilise funds to help prevent the imminent collapse of the Kariba Dam.

WB scornful of Indonesia's mineral ore ban

2014-03-18 11:30

The World Bank has delivered a blunt assessment of Indonesia's ban on mineral ore exports, warning that it would hit trade and government revenue.

Cabinet reshuffle 'looms in struggling Zim'

2014-03-14 15:04

Zimbabwean President Robert Mugabe is reportedly contemplating a Cabinet reshuffle that could see Finance Minister Patrick Chinamasa’s early exit from treasury.

Anti-gay law: Uganda accuses World Bank of 'blackmail'

2014-03-01 08:01

Uganda has accused the World Bank of blackmail after the lender stalled a $90m loan over the east African nation’s draconian anti-gay law.

World Banks stalls $90m Uganda loan

2014-02-28 08:51

The World Bank has stalled a $90m loan planned to help Uganda strengthen its health care system following the country’s enactment of a tough anti-gay law.

World Bank: Weak rand is bad news for Zim

2014-01-16 13:12

A World Bank economist says the softening rand presents problems for Zimbabwe, as the country's weak economy is funded by a strong dollar.

World Bank: $52bn pledged to help poorest

2013-12-18 07:52

Rich and emerging-market nations have agreed to commit a record $52bn over three years to a World Bank fund to aid the world's poorest countries, the bank says.

No money for nuclear power, says World Bank

2013-11-28 10:16

The World Bank and United Nations have appealed for billions of dollars to provide electricity for the poorest nations, but says there would be no investment in nuclear power.

Aid freeze: Malawi hits back at Western donors

2013-11-22 08:43

A Malawian minister has criticised Western donors for withholding aid worth $150m after the government exposed corruption.

World Bank fights back

2013-11-03 17:03

The World Bank struck a defensive pose with the release of the 2014 edition of its popular and widely reviled Doing Business report.

More difficult to do business in SA

2013-10-29 18:36

South Africa's ranking on the World Bank's annual survey on the ease of doing business has worsened.

World Bank worries about US

2013-10-13 09:09

World Bank chief Jim Yong Kim has warned that the United States is heading toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling.

Africa set to grow in 2014

2013-10-07 16:23

The World Banks says economic growth in Sub-Saharan Africa should strengthen to 5.3% next year, lifting its forecast from the 5.1%.

New coal railway line to ease road damage

2013-09-29 12:04

The scourge of coal trucks tearing up Mpumalanga's roads will come to an end following the announcement that the R5.2bn Majuba railway line will start in the next two years.

World Bank targets air pollution in climate battle

2013-09-04 10:37

The World Bank says it is planning "aggressive action" to help developing nations cut emissions of soot and other air pollutants blamed for climate change.

Why national income matters

2013-07-11 07:14

SA's GNI affects our eligibility for World Bank loans, says Geoffrey Chapman.

World Bank: Stop climate change debate

2013-06-19 17:01

The world should stop arguing about whether humans are causing climate change and start taking action to stop dangerous temperature rises, the president of the World Bank says.

Africa ready to add to global growth

2013-04-21 14:21

Africa, with its improved economies, can contribute to global growth for the first time in history, say African finance ministers.


Ebola could drain billlions from west Africa

2014-09-17 20:28

The Ebola outbreak could cost west African economies billions of dollars by the end of next year if the epidemic is not contained, says the World Bank.

Tanzania receives $565m to expand port

2014-09-12 19:49

Tanzania signed a $565m deal with the World Bank and other development partners to expand its main port of Dar es Salaam.

Brics reach concensus on $100bn bank

2014-07-07 13:43

The five Brics nations have reached a broad consensus on their $100bn development bank though some differences remain, a senior Chinese diplomat says.

SA's growth outlook gets another beating

2014-06-12 12:30

The World Bank has further lowered South Africa's projected economic growth rate for 2014 from 2.7% to 2.0%, according to its latest report.

World Bank highlights SA’s child grants

2014-05-21 21:00

South Africa, which spends about 3.4% of its GDP on social safety nets, has the most generous child support grant in Africa, according to a World Bank report.

Additional demands on food - expert

2014-05-15 18:14

Population growth and rapidly-expanding economies are placing additional demands, on food resources, according to an expert.

World Bank lends Kenya $204m to fix airport

2014-03-27 17:48

The World Bank has approved a $203.5m loan to Kenya to fund its transport sector, part of which will help finance reconstruction at the country's main airport.

World Bank approves $73m for DRC project

2014-03-21 16:53

The World Bank has approved $73.1m in financing to the Democratic Republic of Congo to support development of a massive hydropower project.

World Bank to finance DRC's Inga dam

2014-03-14 22:01

The World Bank is likely to approve $73m next week to fund an expansion of the Inga hydro-electric dam in Democratic Republic of Congo.

World Bank talks to DRC about plant

2014-03-06 07:38

The World Bank has announced it was resuming talks with the Democratic Republic of Congo on funding for a major hydroelectric power plant.

Aid cuts, delays hit Uganda's health sector

2014-02-28 14:25

The World Bank in Uganda says a project for which it is delaying a loan doesn’t face an immediate shortage of money, allaying concerns that work to improve maternal and child health services could stall.

SA needs to grow exports - report

2014-02-04 16:01

South Africa needs to grow its export base to boost economic growth and job creation, says a World Bank official.

World Bank sees uptick in global economy

2014-01-15 07:41

The global economy is slowly picking up steam, led by advanced economies appearing to turn the corner and good performance by China, says the World Bank.

UN: West Africa's Sahel region 'alarming'

2013-12-13 14:30

The UN Security Council is calling the situation in West Africa's troubled Sahel region "alarming" and is strongly condemning recent terrorist attacks there.

Bribe fines not helping developing world

2013-11-28 10:14

Penalties in international corruption cases are rarely paid to the country where the crimes took place, according to a report.

Disasters costs quadruple in 30 years

2013-11-18 22:27

Natural and weather disasters are costing nearly €150bn a year, four times more than in the 1980s, the World Bank says.

Zimbabwe plans sovereign wealth fund law

2013-10-31 07:55

Zimbabwe plans to craft a law to set up a sovereign wealth fund - but may not have any money at first as the government needs to develop the country's crumbling infrastructure.

Let's stamp out poverty

2013-10-17 07:38

A global alliance is the only way SA can end this scourge, says Geoffrey Chapman.

Palestinians lose billions to Israeli bans

2013-10-08 11:08

Palestine could expand its struggling economy by a third and slash their budget deficit in half if Israel allowed them to use 61% of West Bank territory that is now largely off-limits.

Women, kids rally for Sudan protest detainees

2013-10-03 14:58

Women and children have rallied quietly outside Sudan's state security headquarters calling for the release of detainees held in a crackdown after protests over fuel price hikes.

Mugabe's cabinet delay 'affecting economy'

2013-09-09 13:00

Zimbabwean analysts have criticised President Robert Mugabe's delay in announcing a new cabinet, saying the development has intensified economic stagnation.

IMF says Kenya's debt is sustainable

2013-07-11 11:36

Kenya has a sustainable public sector debt and faces little risk of external debt problems as the country gears up to issue a $1bn Eurobond, says the IMF.

Give private sector a bigger push - WB

2013-06-21 18:21

Ethiopia should ensure private industry and business has sufficient access to finance in the state-dominated economy to keep growth rates up, says the World Bank.

World Bank, IMF back bold poverty plan

2013-04-21 14:53

The IMF and World Bank have backed a bold goal to eradicate extreme poverty within a generation and raise the shared prosperity of their 188 member countries.

World Bank calls Africa to action

2013-04-15 15:03

Sub-Saharan Africa's economic growth should accelerate to more than 5% over the next three years, but the region must do more to reduce poverty, the World Bank says.

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