Tag archive for ‘world bank’
By Justin Frewen On Thursday, April 15th, 2010

Debt Burden Continues to Cripple the South

Between 1970 and 2002, the continent of Africa received some US$540bn in loans. However, a United Nations Conference on Trade and Development (UNCTAD) study, Debt Sustainability: Oasis or Mirage? revealed that despite More...

By Justin Frewen On Tuesday, March 23rd, 2010

Poverty in the Southern Hemisphere

Despite the wondrous technological developments and global wealth generated since the start of the 19th century, billions of people continue to live in the direst conditions of poverty. One of the most prevalent More...

By Justin Frewen On Friday, March 19th, 2010

The ongoing persecution of Haiti

Today Haiti is most commonly known for being the poorest country in the ‘western’ hemisphere and a land wracked by destitution and despair. This picture has only been reinforced by the horrific consequences More...

By Rajat Anand On Monday, November 9th, 2009
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China to lead world economic recovery

A recent World Bank report has suggested that amongst the world’s major economies, the Chinese economy will be the first to emerge out of the global slowdown. The World Bank predicted China to grow at almost 8.4 More...

By Rajat Anand On Wednesday, November 4th, 2009

World Bank upgrades Chinese growth prediction to 8.4 percent

The World Bank has revised its forecast for the Chinese economic growth to 8.4 percent today in Beijing, attributing it to large public spending. However, the bank warned that stronger domestic demand was necessary More...

By Adrian Santana On Thursday, June 11th, 2009

World Bank sees even worse global decline

The World Bank says the global economy will decline by much more than previously estimated. This year is likely to be the first global recession since World War II. The world economy will contract by 3 per cent More...

By Adrian Santana On Saturday, May 9th, 2009

Global financial crisis: How New will the New Multilateralism be?

It is safe to assume that many common people of yore might have believed – with typical end-of-tragedy romanticism, that postwar multilateral institutions heralded the advent of an era of understanding among More...

By Adrian Santana On Monday, April 27th, 2009

World Bank: 50 million forced into extreme poverty

The World Bank on Sunday urged rich countries to hurry up with the delivery of the money they’ve pleded as well as give more, in order to help poor nations hit hard by the global economic crisis. An economic More...

By Adrian Santana On Friday, March 27th, 2009

Developing countries need $1 trillion to weather the financial crisis

At least $1 trillion is needed to help developing countries get through the global financial crisis, Secretary-General Ban Ki-moon told the leaders of the world’s richest nations ahead of their meeting in London More...

By Adrian Santana On Monday, March 23rd, 2009

World Bank: Global downturn is WWII-like

The global economy is set to shrink by around 1 to 2 per cent in 2009 and no recovery is in sight until 2010, according to the World Bank’s President Robert Zoellick. That estimate is in contrast with an More...