Lessons for SA? Ex-Georgian PM – rooting out corruption, growth in 5yrs

2015-11-05 07:15

Former prime minister of Georgia Nika Gilauri tells how government grew the country’s economy and increased per capita income fourfold in five years.

World Bank trims Kenya growth forecast for 2015, 2016

2015-10-15 12:32

The World Bank says it has trimmed Kenya’s growth forecast for this year and 2016, saying east Africa’s biggest economy is facing headwinds from currency volatility and tighter monetary policy.

World Bank concludes probe into Hitachi's Medupi contract

2015-10-13 21:16

No World Bank funds have been put at risk by the Hitachi contract for Eskom's Medupi project, the financial institution says.

Carbon pricing schemes double since 2012 in climate fight - World Bank

2015-09-21 18:03

The number of carbon pricing schemes worldwide has almost doubled since 2012 but most taxes or markets have prices too low to prevent damaging global warming, the World Bank says.

Africa loses R50bn every year in illicit flow of funds - Mbeki

2015-09-03 19:44

Africa loses more than R50bn every year as a result of the illicit flow of funds, former president Thabo Mbeki says.

World Bank clears $100m for Africa trade corridor

2015-06-25 19:00

The World Bank in a first-time move is clearing $100m to help Burkina Faso and Ivory Coast reduce mutual trade and transport costs on a key corridor.

World Bank report: Challenges loom for developing nations

2015-06-12 06:59

The World Bank has warned that developing countries, “an engine of global growth following the financial crisis”, could expect a bumpier ride in the year ahead.

World must decarbonise - UN climate chief

2015-05-26 22:56

The UN climate chief says a decarbonised world is now irreversible, irrefutable.

1 in 7 people still without electricity - World Bank

2015-05-18 19:19

Around one in seven people across the globe still live without electricity, and nearly 3 billion cook using polluting fuels, the World Bank says.

Pension investments clash with principles

2015-05-04 09:00

The World Bank has indirectly invested part of its staff pension in coal and tobacco shares, holdings that clash with the bank's calls for ethical investing.


Less poverty in Africa, but numbers remain high

2015-10-16 20:45

Poverty has slightly eased in sub-Saharan Africa, but the population boom means the numbers living in extreme conditions remain stubbornly high, a study shows.

World Bank cuts Kenya’s growth forecast

2015-10-15 10:00

Volatility on Kenya’s domestic foreign- exchange market and the monetary policy response to calm those fears will damage the economic output, says the World Bank.

Zimbabwe says to clear $1.86bn arrears by next April

2015-10-09 12:14

Zimbabwe will clear arrears of $1.86bn to international creditors such as the IMF by the end of next April, the finance minister says, a major step towards unlocking new funding.

AfDB to help Zim clear arrears

2015-09-16 10:51

The African Development Bank is set to help Zimbabwe settle its arrears to the bank, the International Monetary Fund and the World Bank.

Load shedding drags down sub-Saharan growth - report

2015-07-08 19:24

The World Bank has made a 0.4% downward revision of sub-Saharan Africa's GDP growth because of SA's power crisis and the oil price drop.

World Bank aims to make Zim more investor-friendly

2015-06-12 07:46

The World Bank is helping to make Zimbabwe's operating environment more attractive for investors to pave the way for potential private sector financial packages.

World Bank urges Fed to wait on rates due to lower growth

2015-06-11 17:30

The World Bank has cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices.

Gaza facing 'dangerous fiscal crisis': World Bank

2015-05-22 12:06

The Gaza Strip has the world's highest unemployment and Palestinians, Israelis and donors must take action to avoid a "dangerous fiscal crisis".

Start now for cheaper carbon-free growth - World Bank - TRFN

2015-05-12 07:52

Countries around the world can move their economies onto a path that cuts net emissions of climate-changing gases to zero at an affordable cost but they should start now, the World Bank says.

Chad to receive $1.1bn debt relief - finance minister

2015-04-29 14:31

Chad will receive $1.1bn in debt relief after completion of the Highly Indebted Poor Countries initiative of the World Bank and IMF, its finance minister says.

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