Latvia to increase its payment in International Financial Corporation and International Bank for Reconstruction and Development :: The Baltic Course

Latvia will increase its payment into the International Financial Corporation (IFC) and the International Bank for Reconstruction and Development (IBRD), according to the draft decision prepared by the Finance Ministry and approved by the government today, informed LETA. The ministry informed that the goal of the World Bank Group is to end extreme poverty and promote shared prosperity in a sustainable way. Since foundation, the World Bank Group’s shareholders have paid USD 19 bn into the capital…

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Irina Mirochnik Speaking on Business Climate in Latvia :: The Baltic Course

IMMER Group is one of the world’s leading manufacturers of flexible packaging. One of the Group’s enterprises IMMER Digital has been operating in the Latvian town of Ventspils since February 2017. Some days ago, the IMMER Group President, Mrs. Irina Mirochnik, was awarded the Third-Class Order of Merit by the decree of the President of Ukraine. This was followed by Pentawards, the most prestigious award in the packaging design world. This time the conversation with Irina is about business climate…

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To fight poverty, world should invest in Africa’s youth: Bill Gates

Co-Chair of the Bill & Melinda Gates Foundation, Bill Gates, looks on during the discussion ‘Building Human Capital: A project for the world’ in the IMF/World Bank spring meeting in Washington, DC on April 21, 2018. / AFP PHOTO  UNITED NATION, United States (AFP) — The world should help Africa invest in its people as the continent confronts a demographic boom, said billionaire philanthropist Bill Gates, whose foundation released its annual report on Tuesday. Gates put forward a “simple idea”…

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Extreme Poverty Concentrates in Sub-Saharan Africa

The number of people living in extreme poverty is becoming concentrated in some of the most unstable and populous parts of Africa, raising the risk of political violence and devastating disease outbreaks. Just two countries—Nigeria and the Democratic Republic of Congo—will be home to 44% of people living in extreme poverty by 2050 if trends continue, according to a new report from the Bill & Melinda Gates Foundation, compared with 20% today. The World Bank, which will release its own…

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Property rights and pricing – Washington Times

ANALYSIS/OPINION: Many problems exist because the activity is mispriced and/or the key decision makers lack the proper incentives. Argentina is going through another financial crisis which occurs almost like clockwork every few years. The country spends more than it receives in taxes; and eventually the bondholders refuse to lend more, and rational people try to get rid of the local currency and buy U.S. dollars or gold, or something else, to protect themselves. To prevent a general economic collapse, the…

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Zimbabwe’s cholera emergency: ‘Stench of sewage’ in Harare

Image caption Cholera victims are being treated at these tented clinics in Harare Zimbabwe is struggling with its worst outbreak of cholera in a decade, which has killed at least 28 people. An emergency has been declared and public gatherings banned in the capital, Harare. Large plastic tents dot the clinic grounds. Health workers, some in yellow protective clothing and white plastic gloves, move between them. A child is crying inside one tent. Another bears a handwritten sign: “Morgue”. It…

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UBS and World Bank extend partnership with groundbreaking notes to help finance sustainable development efforts

United States : UBS and World Bank extend partnership with groundbreaking notes to help finance sustainable development efforts Sep 17, 2018 (Euclid Infotech Ltd via COMTEX) — UBS announced an offering for innovative notes issued by the World Bank’s International Bank for Reconstruction and Development (IBRD) that will support IBRD’s sustainable development activities. The note will, for the first time, link to The Global Sustainability Signatories Index 7.5% VC ER (the “Index”), which provides exposure to up to 100 UN…

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IFC ready to lend $1b a year

The International Finance Corporation (IFC), a member of the World Bank Group, is ready to lend Bangladesh $1 billion a year to meet its long-term financing needs. But the country could not avail the facility due to delay in approval and complex processes, a top official of the IFC said yesterday. He said the IFC’s long-term funding for the last fiscal year that ended on June 30 was $426 million, the lowest in several years. The official made the comments…

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You Should Not Waste News Space On Anwar – His Time Had Come And Gone ! – Malaysia Today

Without mincing words, Daim discussed with New Straits Times journalists A. JALIL HAMID, RASHID YUSOF and HARIZ MOHD and photographer ZAHARI ZAKARIA the key events during the “Mahathir Years”, including the events which led to Datuk Seri Anwar Ibrahim’s downfall. The Coverage Question: Media reports suggested at the time of your departure from the cabinet in 1991 that Tun Dr Mahathir Mohamad had three names in mind as the new finance minister — Tan Sri Sanusi Junid, Tan Sri Rafidah…

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Govt desperate for cash, cars are moving even more slowly than usual as motorists are fleeced

970 Views THE cars in Lusaka are moving even more slowly than usual: hidden speed cameras have spooked drivers in Zambia’s capital. The government is desperate for cash, so motorists who speed are being fleeced. The regime has also announced taxes on boreholes, internet calls and even weather reports. “The pressure is falling on the ordinary people,” complains John Phiri, a taxi driver. “All because the state has run up too much credit.” Concern on the street is mirrored in…

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Is China pulling the wool over Ramaphosa’s eyes?

Consider this. Zambia is now in default on multiple Chinese-funded projects. And so it is now likely that China will  take control of…Kenneth Kaunda International Airport. A strategic geopolitical asset. Not to mention the 60% of the Zambian Broadcasting Corporation now in Chinese hands. Oh, and Ghana. And Nigeria. And Kenya. A tripling of loan capital form China to Africa since 2016, under terms that are entirely opaque, even aggressively hidden. But let the other countries stew in their own…

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State vs democracy | Pakistan Today

The society in Pakistan at the moment presents a dismal political divide Contemporary Pakistan rarely witnesses intellectual debates. One such debate is the state vs democracy debate. Pakistan has never seen such deep rooted polarisation in its society since before the country’s inception. The society in Pakistan at the moment presents a dismal political divide. The stark contrast between the flouters of liberalism and the self-proclaimed standard bearers of conservatism is sheer. It was the Panama Papers debate that revealed…

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mCoin, the only Cryptocurrency without internet now in Africa

ONEm Communications in London is pleased to announce the launch of its mCoin “Pseudo-Mining” Program across Africa. mCoin uses “Pseudo-Mining” for coin distribution to the masses. It involves people doing positive things and getting mCoins in return. To mark the occasion ONEm is rewarding people in Africa with mCoins just by texting #mine to +447860039088. Users will receive 100 free bonus mCoins on sign up and the first ever SMS wallet. Additionally, they will receive a referral code to share…

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No reasonable northerner will oppose restructuring –Bafarawa – Punch Newspapers

Adelani Adepegba, Abuja A Peoples Democratic Party presidential aspirant, Attahiru Bafarawa, has said that the only way to develop and move the nation forward is through the restructuring of the polity. Speaking during a meeting with Southern and Middle Belt Leaders Forum in Abuja on Sunday, the former Sokoto State governor stated that no rational northerner would oppose the restructuring of the country. Bafarawa noted that the nation would have passed the stage it was if the political leaders had…

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KOBIA: Inefficiency is the hidden cost in public service that must be routed

By MARGARET KOBIAMore by this Author With a 700,000-strong workforce, 218,973 of the civil servants spread in the national and county governments, the public wage bill takes a big chunk of Kenya’s revenue. In the 2016/2017 financial year, the public service wage bill was Sh650 billion, more than half of the revenue. As we ponder how government revenue is allocated and expended, let us critically assess how efficiently and effectively it is invested through the public service. That is timely,…

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