Tag: World Bank

The World Bank increased emergency support for three southern African countries affected by a devastating cyclone that killed hundreds in March to $700 million,...

The World Bank estimates direct economic losses from Cyclone Idai in Mozambique to range from $656 to $773 million, covering damage to buildings, infrastructure...

The World Bank will work with Tanzania to redesign a $300 million education project, a senior official said, days after the lender...

The World Bank scrapped a plan to loan Tanzania $300 million after the country reaffirmed its policy of banning pregnant girls from...

Human rights groups slammed the World Bank on Thursday over an internal report on Zimbabwe suggesting it would be a sign of...

The World Bank on Thursday postponed a $90 million loan to Uganda's health system over a law that toughened punishment for gays,...

The World Bank's board on Thursday approved $100 million for immediate food, healthcare and other needs in the Central African Republic, which...

Zambia's decision to double royalties on copper miners in the continent's largest producer will not cripple the industry at the current strong...

The World Bank's private-sector lender plans to work more closely with Intel, the world's top chipmaker, to invest in technology firms in...

Zambia turned to the World Bank for increased development finance, saying foreign aid and domestic funding was not enough to build the...

Morocco showed the biggest improvement as a place to do business this year, leading a surge of business-friendly reforms in Africa and...

A global downturn may tone down the roar of Africa's bounding "lion" economies, but they can keep a spring in their step...

The World Bank said it was more than tripling funding to $1.88 billion for a worsening drought in Horn of Africa countries...

Gender equality is shrewd economics as well as a human right, the World Bank said in a report that showed countries with...

World Bank President Robert Zoellick said the world had entered a new economic danger zone and Europe, Japan and the United States...

The World Bank said it officially recognized the ruling National Transitional Council as Libya's government and had been asked to help lead...

Zimbabwe needs US$13 billion -- about double its estimated GDP -- to revive its dilapidated energy sector, but is still a "long...

The famine in the Horn of Africa is manmade -- the result of artificially high prices for food and civil conflict, the...

Kenya Commercial Bank (KCB) , the country's biggest lender by assets, has received a US$105 million, seven-year loan from the World Bank's...

South Africa's economic growth will fall far short of the government's goal of 6 to 7 percent unless it changes policies including...

Egypt will not borrow from the World Bank and International Monetary Fund after revising its budget and cutting the forecast deficit, even...

Comoros has met conditions to start receiving debt relief under the Heavily Indebted Poor Countries Initiative, the International Monetary Fund (IMF) and...

The dire state of rich countries' public finances is likely to squeeze aid to Africa in the next few years, although it...

Ethiopia's economy has grown by an annual average of 11.18 percent over the last four years on improved infrastructure and significant growth...

Kenya's economy is likely to expand by 4.0 percent this year after 2.6 percent growth in 2009, the World Bank said today,...

Liberia's economy will grow 7 percent this year and it hopes for a recovery that will bring jobs and cash after foreign...

Developing countries will this week demand a louder voice at the World Bank and the IMF, now that they are contributing more...

Global finance leaders face fractious talks this week on how to shift more voting power at the World Bank to emerging economic...

The old concept of "Third World" no longer applies and rich countries cannot impose their will on developing nations that are now...

The World Bank and the International Monetary Fund (IMF) said that a preliminary review had found that Comoros was eligible for relief...

Britain's parliament passed a law yesterday limiting the ability of so-called vulture funds to sue some of the world's poorest countries in...

The World Bank has committed a record $100 billion in financial support over the past 18 months to help developing countries recover...

East Africa could attract more than $2 billion in remittances in 2010 and should direct this money to investment rather than consumption,...

East Africa could attract more than $2 billion in remittances in 2010 and should direct this money to investment rather than consumption,...

The World Bank needs to pay more attention to the most pressing water-related problems in developing countries, where the effects of climate...

Democratic Republic of Congo could win a deal to wipe out the bulk of its $11 billion debt in time for June...

A donor conference for Darfur this month is intended to raise $2 billion for infrastructure, health, water and other projects in the...

The United States and Britain are threatening to withhold support for a $3.75 billion World Bank loan for a coal-fired plant in...

The World Bank acknowledged yesterday it needs to speed up funding for rebuilding war-torn South Sudan but said it also had to...

The World Bank plans to double loans to Morocco to $2.4 billion through 2013 to support the country's efforts to reduce mass...

The World Bank will lend Tunisia $280 million in 2010 to help the North African country promote growth and increase job opportunities,...

World Bank president Robert Zoellick says tens of millions more people in Africa and elsewhere will be driven into poverty this year...

Sierra Leone needs donors' help to create jobs for disarmed but unemployed youth if the West African nation is to maintain the...

World Bank Group President Robert Zoellick begins a three-nation African tour today. His eight-day visit would help focus attention on African governments, development...

The ‘double-dip' recession would undermine the pace and strength of the anticipated global recovery, the World Bank reports, after NYU economist Nouriel...

The United Nations independent expert on foreign debt is targeting vulture funds after a couple of high-profile rulings ordering poor African states...

The Democratic Republic of Congo is to amend its 2010 budget in a bid to ensure it qualifies for more debt relief,...

Zambia and Zimbabwe's new one-stop border post will help to facilitate trade between the two countries and save about $486 million a...

Kenya said it would invest some 26 billion shillings ($349 million) to expand and modernise its major airports over the next four...

African economies will grow by an average of 1.7% this year, a downgrade from an earlier forecast of 3.5%, as a result of the...