A leaked World Bank report calls into question the “land grabs” that have been taking place in Africa. Countries or companies that needed land to grow food have been leasing land from African governments at a low price.
Archive for the ‘World Bank’ Category
Leaked report shows the negatives of African "land grabs"
Posted by UpdatedFrequently on August 16th, 2010
Posted in Africa, World Bank 
Tags: Africa Countries, African Governments, Cash Crops, Developing Nations, Food Security, Foreign Money, Hunting Land, Katie Allen, Land Deals, Land Grabs, Land Rush, Lax Laws, Leasing Land, Local Resources, Middle Eastern Countries, Omo Valley, Oxfam, Survival International, Tribal Land, Wealthy Investors 
Comments OffYes, Africa does have a middle class
Posted by UpdatedFrequently on July 12th, 2010
A couple of good reports and a sporting event is helping the world to realize that Africa does have a middle class.
Posted in Africa, World Bank Tags: 2010 World Cup, Adb, Africa, African Economy, Aids Epidemic, Bob Geldof, Class Investment, David Smith, East Africa, Economic Recovery, Ethiopian Famine, Foreign Aid, Foreign Investment, Global Player, Investment Consultant, Live Aid Concert, Mckinsey Company, Mineral Reserves, Political Instability, Three Africans, Untold Story, World Bank, Writer David Comments OffWorld Bank gives more money to Pakistan
Posted by UpdatedFrequently on July 9th, 2010
The World Bank is giving Pakistan 6.2 billion dollars in aid. The Bank hopes the money will help the country reduce poverty, provide stability and create jobs.
From India’s My Digital FC, we read more about the new aid to Pakistan.
The goal of the CPS which is in direct support of Pakistan’s own Poverty Reduction Strategy is to help steer its economy back onto a path of high growth by addressing the country’s key long-term constraints to growth: weak revenue mobilization, unreliable energy supply, and a fragile security situation, the bank said.
Noting that the persistence of conflict in Khyber- Pakhtunkhwa (KP) and Federally Administered Tribal Areas poses a threat to some of the most vulnerable and marginalized populations in Pakistan, while also challenging economic stability across the country, the Bank said the CPS seeks to help Pakistan cope with the consequences of conflict while reducing the prospects of future conflicts.
Support under the Bank’s strategy will likely include investment for agricultural/livestock-linked employment and livelihoods, expansion of general and technical/vocational education, investment in energy and transport, and social protection.
The Bank will also administer a Multi Donor Trust Fund (MDTF) that will support a comprehensive reconstruction and development strategy in conflict-affected areas of the country, it said.
Posted in World Bank Tags: Agricultural Livestock, Billion Dollars, Consequences Of Conflict, Constraints, Cps, Development Strategy, Donor Trust Fund, Economic Stability, Education Investment, Energy Supply, Fragile Security, Kp, Marginalized Populations, Mobilization, Persistence, Poverty Reduction Strategy, Security Situation, Technical Vocational Education, Tribal Areas, World Bank Comments OffCongo Republic relieved of 90 percent of its debt
Posted by UpdatedFrequently on July 2nd, 2010
This week, the Democratic Republic of Congo is celebrating it’s fiftieth anniversary of independence. The DRC has also just received some good news from the big lending institutions. The World Bank and the International Monetary Fund have agreed to relieve the DRC of 90% of it’s debt amounting to 12.3 billion dollars.
From the BBC, we learn more about this new reason to celebrate in the Congo.
DR Congo currently pays around $300m (£198m) every year in debt repayments.
The African country has been hard hit by violence and bad governance.
An estimated 5m people died in what was dubbed “Africa’s world war” between 1998 and 2003, and areas of the country remain in conflict.
Despite having a multitude of valuable minerals, most of its citizens are poor.
…The country itself is among the group known by the IMF and World Bank as the Highly Indebted Poor Countries.
Continue reading the main story map DR Congo: Celebrating 50 years of chaosThe debt relief plan comes under their initiative to help these countries escape their debts in return for economic and government reforms.
The new debt relief could see as much as 90% of DR Congo’s external debt erased, the BBC’s Thomas Fessy reports from Kinshasa.
Posted in World Bank Tags: Billion Dollars, Congo Dr, Congo Republic, Debt Relief, Debt Relief Plan, Debt Repayments, Debts, Democratic Republic Of Congo, Dr Congo, Drc, External Debt, Fiftieth Anniversary, Government Reforms, Imf, Indebted Poor Countries, International Monetary Fund, Lending Institutions, Multitude, New Reason, Republic Of Congo, World Bank Comments OffDebt relief plan announced for Liberia
Posted by UpdatedFrequently on June 30th, 2010
A new plan to give debt relief to Liberia was announced yesterday. The World Bank and the International Monetary Fund launched a plan to relieve Liberia of 4.6 billion dollars of debt.
Posted in World Bank Tags: African Nation, Billion Dollars, Concerted Efforts, Debt Relief, Debt Relief Plan, Global Economic Crisis, Gomez, Imf Mission, International Monetary Fund, Lack Of Water, Liberia, Liberian Government, Mission Chief, News 24, Oxfam, Poverty Reduction Strategy, Public Health Crisis, Social Stability, Stable Macroeconomic Environment, Step In The Right Direction, Water And Sanitation, Water Sanitation, World Bank Comments Off
