Africa’s economic growth will continue to outstrip the world’s average economic growth despite the effects of the slowdown in Western economies, according to the IMF
As Africa is a net grain importer, its people face huge problems from current world food price inflation. African smallholders will suffer if they are net food buyers whereas net food exporters’ profits will rise in tandem with higher global prices. Year...
For Africa, the Annual Meetings of the World Bank and the International
Monetary Fund seem to resemble the shareholders’ meeting of a
smallish public company bravely struggling back from the brink of
insolvency. As each year’s corporate re...
Renaissance Capital has a new Chairperson for its advisory committees
on Nigeria and Africa. The World Bank has a new Managing Director.
And both institutions have secured the services of the same woman:
Ngozi Okonjo-Iweala, Nigeria's former Finance Mi...
Norwegian Development Minister Erik Solheim is determined
to get the World Bank and International Monetary Fund to take
more seriously the damage which corrupt pricing systems and tax
havens do to developing economies, especially African ones. Oslo
is...
There is little chance that staff will allow new President
Robert Zoellick a honeymoon at the World Bank's lavish
H Street headquarters in Washington DC. The ghost of Paul Wolfowitz
will cast a long shadow when he hands over on 30 June to Zoellick,
an...
The key event for the World Bank this year is the 15th replenishment
of its soft-loan affiliate, the International Development Association.
The IDA provides the bulk of low-interest loans for Bank projects
in Africa, South Asia and parts of Central and...
The world economy may be slowing, interest rates rising, commodity
prices falling and political risks increasing but the International
Monetary Fund's World Economic Outlook for 2007 predicts that
Africa will continue to show its strongest sustained gr...
Critics of the Bank's new corruption policy say it will cut aid to Africa and punish the poor
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