ARTICLES RELATING TO 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.

World Bank urges end to extreme poverty

2013-04-02 19:03

The World Bank has called for a global drive to wipe out extreme poverty by 2030, adding that reaching the goal will require extraordinary efforts.

Brics bank not a done deal yet

2013-03-26 22:41

Brics nations have failed to resolve differences over funding for and the location of a proposed joint development bank, indicating the group would not achieve the goal at the summit in South Africa.

World Bank bans Indian engineering giant

2013-03-11 08:46

Shares in engineering firm Larsen & Toubro, one of India's biggest companies, fell after it was banned from World Bank-funded projects for six months.

Zim missed out on boom - World Bank

2013-02-08 09:16

Zimbabwe missed out on investments and developments targeted for emerging economies because of a decade of crisis, says a World Bank economist.

Cameroon's economy grows 5%

2013-01-29 07:50

Cameroon's economy grew by about 5% last year, but under-investment in social safety nets contributed to worsening poverty, the World Bank says.

World Bank approves loan for Tunisia

2012-11-28 15:37

The World Bank approved a $500m loan to Tunisia to help it recover from the Arab Spring uprising that toppled the former regime.

Africa can feed itself - World Bank

2012-10-26 07:48

A World Bank report says Africa's farmers can potentially grow enough food to avert crises if countries remove cross-border restrictions within the region.

Manuel appointed to World Bank panel

2012-10-21 11:11

Planning Minister Trevor Manuel will head up an independent panel set up by the World Bank to review its Doing Business project, the bank announced.

World Bank: Africa top priority

2012-09-06 18:30

Africa is top priority for the World Bank, says the group's new president Jim Yong Kim.

World Bank head to visit SA on 1st tour

2012-08-31 20:30

World Bank president Jim Yong Kim will visit South Africa and Ivory Coast next week on his first official foreign trip since taking over as head of the global lender.

New World Bank chief heading for SA

2012-08-31 07:57

World Bank President Jim Yong Kim heads to the Ivory Coast and SA next week on his first trip to Africa since taking the reins of the global development lender.

SA most business-friendly Brics nation

2012-08-07 16:42

A World Bank report ranks SA above China and Russia in ease of doing business, but unemployment and inequality remain problem points.

75% of the world has cellphones

2012-07-17 16:20

A report by the World Bank has revealed that the majority of the global population has a mobile phone.

Sudan, South economies 'deep concern'

2012-05-08 15:41

The World Bank has warned of its "deep concern" at the struggling economies of foes Sudan and South Sudan, locked in a bitter border dispute and an oil shutdown over transit fees.

World Bank slams Argentina oil grab

2012-04-20 07:58

World Bank head Robert Zoellick has slammed the Argentine government's takeover of oil firm YPF, owned by Spain's Repsol.

Global economy in uneasy calm - IMF

2012-04-17 16:26

The International Monetary Fund has forecast low growth especially in the eurozone as it describes the global economy as being in a state of uneasy calm.

SA questions World Bank transparency

2012-04-16 10:46

Finance Minister Pravin Gordhan says serious doubts exist about the openness of the process to elect the next president of the World Bank.

Colombian pulls out of World Bank race

2012-04-13 21:13

Colombian economist Jose Antonio Ocampo has withdrawn from the race to lead the World Bank, calling the process a "political exercise" unrelated to candidate merits, according to reports.

World Bank cuts China growth forecast

2012-04-12 10:30

Chinese growth is expected to be slower in 2012 as slack foreign demand and a state-induced property slowdown restrain recovery, says the global lender.

Brics summit says talk is best

2012-03-29 22:46

The world's emerging powers have said dialogue was the only answer to crises in Syria and Iran at a summit aimed at bolstering their non-Western alliance's influence on global affairs.

Mali's development funds suspended

2012-03-23 11:11

The World Bank and African Development Bank have put a hold on financial aid to Mali in the wake of a coup by its military.

 

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.

Slow recovery: Somalia eyes global support

2013-04-15 13:40

Somalia's finance minister has his eye on conferences in London in the next six months to shore up international support for a slow recovery whose fragility has been exposed by recent bombings.

World Bank set to support Brics bank

2013-03-27 14:01

The World Bank says it is ready to support Brics leaders towards a new development bank, but has warned that forming it is a significant undertaking.

Is South Africa the odd Bric out?

2013-03-21 10:00
85 comments

The meeting of Brics leaders in Durban next week could uncharitably be described as a summit of the world's emerging economic powers, plus South Africa.

World Bank: SA must focus on growth

2013-03-05 18:01

The World Bank chief economist Kaushik Basu has hailed the country's economic progress, but warned that there is still a difficult road ahead.

WB: Africans pay most to send money home

2013-01-29 11:42

African migrants around the world pay more than other groups to send money back home, costing them and their families a hefty $4bn a year, the World Bank says.

Red Sea could save shrinking Dead Sea

2013-01-17 19:14

It is possible to use the Red Sea to replenish the shrinking Dead Sea, the World Bank has determined after years of studying whether such a connecting lifeline could work.

Climate will hit all nations - World Bank

2012-11-19 14:15

All nations will suffer the effects of a warmer world, but it is the world's poorest countries that will be hit hardest by food shortages, the World Bank has said.

Africa can avoid food shortages – WB

2012-10-25 08:59

Africa could avoid food shortages if it reduces the tangled web of rules, fees and high costs strangling regional food trade, World Bank says.

Economic protests in Spain, Portugal

2012-09-30 08:02

Tens of thousands of Spaniards and Portuguese have rallied in the streets of their countries' capitals to protest enduring deep economic pain from austerity measures.

World Bank pledges support for I Coast

2012-09-05 09:20

World Bank President Jim Yong Kim has expressed support for Ivory Coast in his first visit to the West African nation and said he is confident the country could successfully rebuild from post-election violence.

Commission: Tackle problems at mines

2012-08-31 17:43

There need to be collaborative efforts to address the problems at the country's mines that led to the violence at Lonmin, in Marikana, the SAHRC has said.

Mxit launches Standard Bank payment deal

2012-08-16 11:24

Social network Mxit has announced a partnership with Standard Bank to provide financial transactions with real money.

World Bank sees lower SA growth

2012-07-24 21:46

The World Bank has cut its growth forecast for SA to 2.5% from 3.1%, saying the country is vulnerable to weakened global economic conditions.

World Bank chief ready for rich nations

2012-07-03 09:18

The new World Bank president says he is willing to advise developed nations like Greece, a major shift for an institution that has focused on the world's poorest.

Iraq: Millions in global aid sit unspent

2012-05-28 11:00

Iraq's government risks losing millions of dollars in international aid to build and repair its dilapidated schools as the money goes unspent for years.

World Bank: Food prices on the rise again

2012-04-25 17:33

Bad weather, costlier oil and strong Asian demand contributed to a climb in global food prices between December and March after a drop previously, says the World Bank.

South Sudan joins IMF, World Bank

2012-04-18 22:35

South Sudan, the world's newest nation, has joined the World Bank and the International Monetary Fund becoming the sister institutions 188th member.

US doctor chosen to lead World Bank

2012-04-16 19:18

Academic Jim Yong Kim has been selected as the next president of the World Bank, extending the US hold on the top job at the development agency.

World Bank to choose new chief

2012-04-16 08:04

World Bank directors will meet today to decide who will be the institution's next president, with the US expected to keep its unbroken lock on the position.

Brics to make joint World Bank decision

2012-04-13 15:58

Brazil's finance minister says the Brics bloc will decide jointly on who to support for World Bank president, in the first contest against an American assuming the post.

IFC to invest $3.5bn in Africa this year

2012-03-30 13:38

The International Finance Corporation says sub-Saharan investment will focus on infrastructure and for the first time financing of the sector will exceed $1bn.

World Bank race heats up as US makes pick

2012-03-23 15:58

Public health expert Jim Yong Kim of Dartmouth College is the US candidate for World Bank president, a post contested by developing countries for the first time.

Africans take on US over World Bank post

2012-03-23 10:21

By nominating the Nigerian finance minister as World Bank president, SA, Nigeria and Angola are challenging Washington's historic claim to the post.

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