World Bank

Imran and the IMF: Pakistan’s bailout dilemma

Imran Khan must act fast to deal with Pakistan’s critical economic condition, analysts say Once Pakistan’s election winner Imran Khan forms a government, there will be little time to bask in his triumph: the country’s next prime minister will inherit a critical economic situation, and analysts say he must act fast. The new leadership may be forced to seek a bailout from the International Monetary Fund (IMF) in the coming weeks. Here are some questions and answers about Pakistan’s predicament:…

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Vacancy for Project Manager – Dominica News Online

MINISTRY OF AGRICULTURE, FOOD AND FISHERIES Emergency Agricultural Livelihoods and Climate Resilience Project  PROJECT MANAGER/PROJECT IMPLEMENTATION UNIT INTRODUCTION Hurricane Maria hit the island of Dominica on September 18, 2017, with catastrophic effects. Hurricane Maria made landfall as a category 5 storm (Saffir-Simpson scale), with winds exceeding 170 miles per hour (mph). Hurricane Maria was one of the most rapidly intensifying storms in recent memory, strengthening from a Category 2 to Category 5 hurricane in less than 12 hours. According to…

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World Bank pumps $500m into Liberia road projects

Published on 02.08.2018 at 21h21 by APA News The World Bank Group has extended to the government of Liberia a loan offer of $500 million to support the construction of roads across the country. Making the disclosure at the Ministry of Information’s regular press conference, in Monrovia Thursday, Minister Eugene Nagbe said the government will pay a concessional interest rate of 0.5 percent over a reasonable timeframe. Minister Nagbe added that following the ratification of the…

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Congo Ebola outbreak poses high regional risk, says WHO

Congo Ebola outbreak poses high regional risk, says WHO By Reuters Published: 10:13 EDT, 2 August 2018 | Updated: 14:43 EDT, 2 August 2018 By Tom Miles and Fiston Mahamba GENEVA/GOMA, Democratic Republic of Congo, Aug 2 (Reuters) – A n Ebola outbreak in eastern Democratic Republic of Congo is likely spread over tens of kilometres (miles) and poses a high regional risk given its proximity to borders, a World Health Organization (WHO) official said on Thursday. Four people have…

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Africa: The path to industrialization and wealth creation

Seoul South Korea. Photo-Flickr. From $103 per head income in 1963 to $7,435 by 1993 and $25, 458 by 2016. There is a general recognition that to end backwardness and poverty and become developed, prosperous, secure and powerful, a country’s economy must be industrialized (Gerald M. Meir and Dudley Seers 1984). In one of his policy statements about the development of Singapore, then Prime Minister Lee Kuan Yew stressed industrialization as a critical factor (Steven Schlossstein 1989). The four Little…

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World Bank names Beijing office’s program leader as new chief of Korean office

SEJONG, Aug. 2 (Yonhap) — The World Bank Group (WBG) said Thursday it has named the program leader of economic policies at Beijing’s office as the new head of its Korean office. Soh Hoon-sahib will replace Joyce Msuya as the chief of the World Bank’s office in Songdo, west of Seoul, next week. Soh, a Korean national, will work to strengthen partnerships with the Korean government and Korea-based organizations, as well as developing new partnerships with other key stakeholders. He…

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Norway demands explanation for Israeli seizure of Gaza-bound boat – PNN

PNN/ Gaza/ Norway has asked the Israeli government to explain the legal grounds for detaining a Norwegian-flagged fishing boat seized, while activists tried to sail with aid to the Gaza Strip, Norway’s foreign ministry said on Tuesday. According to Reurters report, the ministry said its diplomats in Israel had been providing consular assistance to five Norwegians who were among the 22 passengers and crew detained on board the vessel Kaarstein, on Sunday. Two Israelis on board were quickly released. ”We…

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Demand for World Bank funding in Mena soars to $6.3bn

The demand for World Bank’s funding in the Middle East and North Africa (Mena) region has risen to $6.3 during the financial year that ended on June 30, 2018. The figure rose following a strong demand from these countries for development finance, global expertise and innovation, according to a report. In addition to $6.3 billion in new financial commitments during the past financial year, the bank also delivered a wide range of analytical products to help Mena countries transform their economies,…

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KNUST envisions ‘Centre of Excellence in Engineering Education’

By Stephen Asante/Florence Afriyie Mensah, GNA Kumasi, Aug. 01, GNA – The College of Engineering of the Kwame Nkrumah University of Science and Technology (KNUST), is in talks with the Ministry of Education to support it with the requisite engineering equipment to improve its laboratories infrastructure and bring them to international standard. Currently, equipment at the College’s laboratories only caters for about 25 per cent of its practical needs, and the authorities have scaled up engagement with the public and…

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Inclusive Growth is Essential for Poverty Reduction

Madagascar,United States : Madagascar Economic Update: Inclusive Growth is Essential for Poverty Reduction Aug 01, 2018 (Euclid Infotech Ltd via COMTEX) — Overall, the economy has been performing well, with growth estimated at 4.2 % in 2017 and projected at 5.0 % in 2018, according to the latest edition of the World Banks Madagascar Economic Update, released today. The report looks at the recent economic developments and presents medium-term outlook for the country. It indicates that there are numerous drivers…

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President Weah Mandates Public Works Minister To Pave All Feeder Roads In Monrovia –

President Weah and Public Works Minister Nyanpen President George Weah has mandated Public Works Minister to ensure that all feeder roads in Monrovia are paved. The Liberian leader spoke Saturday July 28, 2018 when he broke ground for the expansion and rehabilitation of the stretch of road between ELWA and Coca Cola factory, which is expected to be completed in two years. The European Union and World Bank are financing the road project at the cost of US$11 million through…

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Transforming Food Systems: Today’s Realities and Tomorrow’s Challenges

Biodiversity, Development & Aid, Economy & Trade, Environment, Food & Agriculture, Global, Green Economy, Headlines, Health, Poverty & SDGs, TerraViva United Nations Radish production at West Africa Farms, in Northern Senegal. Credit: Sarah Farhat / World Bank WASHINGTON, Aug 1 2018 (IPS) – The world’s food systems face two immense challenges today. One, to produce enough food to nourish a global population of seven billion people without harming the environment. Two, to make sure food systems deliver nutrition to everyone,…

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