We’re losing fight against Ebola - World Bank

2014-10-18 09:11

The World Bank has warned the fight to stop Ebola was being lost, as the UN pleaded for more money to combat the escalating epidemic and global travel fears mounted.

African leaders call for donors

2014-10-09 23:13

African leaders have chided the international community for its slow response to the Ebola crisis and appealed to the world to turn promises of aid into action on the ground.

World Bank launches new infrastructure plan

2014-10-09 17:15

The World Bank has launched a new initiative to bring together governments, development institutions and private investors to form partnerships for infrastructure.

World Bank finance chief declines bonus

2014-10-08 09:09

The World Bank finance chief says he will turn down the remainder of a $94 000 bonus amid staff discontent at budget and job cuts linked to a massive reorganisation.

Shelling in Ukraine kills Red Cross worker

2014-10-03 11:22

Shelling in the centre of the main rebel-held city in Ukraine's east has killed a Swiss Red Cross worker, tearing badly at a weakly observed four-week truce.

Ebola fight underscores global inequality

2014-10-01 21:09

The fight against Ebola is also a fight against inequality between the world's rich and poor, who lack adequate health care.

Solar generators keep running at night

2014-09-25 14:38

Brenmiller Energy aims to solve the conundrum of producing solar power at night with a new energy storage system that is an alternative to other solar technologies and will help provide clean electricity.

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.


Firms unprepared for climate events - S&P

2014-10-13 19:00

Many companies are "woefully unprepared" for extreme weather which causes hundreds of billions of dollars of losses a year, says Standard & Poor's.

Ebola funding falls short

2014-10-09 17:30

Donor countries have funded less than a third of the $988m that the United Nations has appealed for to fight Ebola and stabilise the affected countries.

Cost of Ebola could top $32bn - report

2014-10-08 19:15

Ebola's economic toll could reach $32.6bn by year's end if the disease ravaging Guinea, Liberia and Sierra Leone spreads across West Africa, the World Bank says.

World economy is at 'considerable' risk

2014-10-05 12:40

Global leaders will warn of considerable downside risks to the global economy and call for an effort to protect the world's poor, according to a draft released.

Big bonus for World Bank chief sparks protest

2014-10-02 10:15

A $94 000 bonus for the World Bank's finance chief, disclosed in an internal blog, is drawing criticism from staff who are questioning it, amid budget cuts.

IMF reaches accord with Mali to revive aid

2014-09-26 08:20

The IMF has reached an agreement with Mali that could restart aid to the West African nation after it was suspended, a head of mission to the country says.

IMF: Zim no basket case, must clear debts

2014-09-24 10:15

Zimbabwe is not a poor country and will only be able to access new funds once it has paid its long overdue $7bn debt, says the IMF.

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.

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