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World Bank
Kenya Among The Fastest Growing Economies In Africa
“Low oil prices and loose monetary policy in the U.S. have bolstered Kenya’s economy, leading the World Bank to revise its growth forecast for East Africa’s largest economy to 6% this year sharply up,” WSJ reports. #World Bank sees Kenya's GDP growth at 6.0 pct in 2015 – Reuters Africa http://t.co/n9MRGDnnPr — 757Live Ethiopia (@757LiveET) … Continue reading
World Bank: The Cost Of Brazil’s Closed Economy
Brazil’s is an unusually closed economy as measured by trade penetration, with exports plus imports equal to just 27.6 per cent of GDP in 2013. By Otaviano Canuto, Cornelius Fleischhaker and Philip Schellekens Brazil’s large size is often used to explain its relative lack of openness. But this argument does not stand up to scrutiny: among … Continue reading
Boosting Solar Energy Capacity in Africa – IFC (World Bank Group)
Sub-Saharan Africa is rich in energy resources but its potential remains mostly untapped. Despite the abundance of sunlight, solar projects have been developed slowly and often inefficiently. Weak competition and high transaction costs are some of the obstacles that hamper the progress of the technology. In a continent where most people live without electricity, expanding … Continue reading
Most Commodity Prices Expected To Continue Declining in 2015, In Rare Occurrence, Says World Bank Report
This year may well see a rare occurrence for world commodity markets – a decline in all nine key commodity price indices, says the World Bank’s latest Commodity Markets Outlook, released today. While oil prices have seen the most dramatic decline, the third largest since World War II, other commodities have also been gradually weakening … Continue reading
World Bank Warns On Global Growth
The organization cuts its growth forecast again, and predicts mixed fortunes for the Asia-Pacific in 2015. By Anthony Fensom The World Bank has cut its global growth forecasts again for 2015, warning of further downside risks despite the benefit of cheaper oil. However, mixed fortunes are seen for Asia’s biggest economies, with growth slowing in … Continue reading
The BRICS Bank And Reserve Arrangement: Towards A New Global Financial Framework?
By Wilhelm Schölmann European Parliamentary Research Service At this summer’s summit held in Fortaleza, Brazil, the five countries which form the BRICS – Brazil, Russia, India, China and South Africa – agreed on the establishment of their own financial institutions: the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). The New Development Bank … Continue reading
China’s Asian Bank May Herald A New World Order
By Kalinga Seneviratne IDN Since the 2008 economic meltdown, Europeans and the Americans have been asking the Chinese to contribute more to the Bretton Woods institutions. The Chinese, on the other hand, have been demanding reforms to the hegemonic system of management and voting rights in these institutions that favor the Americans and the Europeans. … Continue reading
Four Achievements Of APEC Meetings: Xi
Chinese President Xi Jinping outlined today 4 achievements of the APEC meetings hosted by China this year. Achievement No 1 Launch of the Free Trade Area of the Asia-Pacific (FTAAP) process, which points out the direction for Asia-Pacific cooperation. Achievement No 2 Issuance of a statement on the 25th anniversary of the APEC, which draws on past … Continue reading
IMF Reduced Its Growth Projections for West Africa Due to Ebola Outbreak
The 2014 outbreak in West Africa is definitely the largest and most complex Ebola outbreak since the discovery of the virus in 1976. There have been more cases and deaths in this outbreak than all others combined. Ebola, also known as Ebola hemorrhagic fever or Ebola viral disease, is a rare and deadly illness caused by … Continue reading
China Should Focus On Reforms And Cut Its Economic Growth Target To 7% – World Bank
The World Bank suggested on Wednesday that China should lower its economic growth target to 7% next year and indicated the adjustment would not hurt its labor market. It also warned China against carrying too “ambitious” 2014 economic growth target of 7.5% into 2015. Such a move could detract from the government’s reform plans. For the past 30 years … Continue reading
