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The World Bank has revised down South Africa’s growth prospects for this year and the next two years.
Kenya requested the World Bank for $750m to fund affordable housing, agriculture and other development projects amid concerns the East African nation is taking on too much debt.
White House senior adviser Ivanka Trump says her father asked her if she was interested in taking the job of World Bank chief but she passed on it. In an AP interview, the president's daughter said she was happy with her current role.
The World Bank has flagged the Treasury’s funding of a phased-in approach to fee-free higher education as unsustainable, saying it should move to a contingent loan income system instead.
The World Bank cut its forecast for the global economy as slowing growth in trade and investment and rising interest rates sapped momentum, especially in emerging markets.
The World Bank has cut SA’s economic growth forecast for 2018 from 1.4% to 1%.
The Palestinian economy in the Gaza Strip is collapsing under a decade-long blockade, as well as decisions by the Palestinian Authority and US government to reduce payments to the area, the World Bank said.
Zimbabwean President Emmerson Mnangagwa reportedly spent more than half a million US dollars 'to mend fences with the Mugabes', and Zimbabwe's MDC leader says he will be inaugurated this week.
Britain will reportedly replace its "controversial" envoy in Zimbabwe with current World Bank director Melanie Robinson at the beginning of next year.
The World Bank recognises the need for land reform, but it must happen within a regime of secure property rights.
Since its founding in 1945, the Washington-based lender has always been run by a European as part of an unwritten understanding that means an American helms the World Bank.
The World Bank will extend more than half-a-billion dollars in grants for cyclone-ravaged southern African countries, its chief announced as he concluded a visit to Mozambique, the worst affected country.
The Trump administration has notified World Bank shareholders that it intends to pick senior Treasury Department official David Malpass as the US nominee to lead the development lender, according to people familiar with the decision.
South Africa’s real GDP growth will expand by a paltry 1.3% in 2019, according to a World Bank projection, putting it among the worst performers in sub-Saharan Africa.
Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank has said.
Lameez Omarjee considers some of the legacies of apartheid South African millennials are trying to navigate, while working towards reducing inequality in the country.
A new report by the World Bank has shown that the ease of doing business in major South African cities varies significantly.
Zimbabwe's newly sworn-in finance minister says he plans to reintroduce the Zimbabwe dollar and accelerate plans to repay the country's debt, in a bid to revive the battered economy.
Ethiopia's prime minister in his first press conference since taking power has vowed to continue with dramatic reforms "at any cost" and said the longtime ruling coalition soon will prepare for a "free and fair election" in 2020.
The World Bank has proposed a contributory pension fund, as a way to redistribute wealth and help SA's poor acquire financial assets.
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