World Bank

South Africa: African Development Bank Loans Billions for Energy

IN A move that eases Eskom's financial woes, the African Development Bank yesterday announced that it had approved a R20bn (€1.86 billion) loan for the utility to finance the Medupi power station in Lephalale, Limpopo.

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Deregulation - Lukman Takes Case to Washington

As the debate and disagreements between the federal government and the organised labour hots up, Minister of Petroleum Resources, Dr. Rilwanu Lukman, has gone to the World Bank in Washington to galvanise support for the federal...

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Tanzania: 'Cashewnut System Unfair to Farmers'

Dar Es Salaam — A study by the World Bank Dar es Salaam office has criticized the cashew nuts warehouse system, saying it does not help farmers get good prices and creates more liabilities to the government. The statement...

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Zimbabwe: Govt Set to Begin Payroll, Skills Audit

PUBLIC Service minister Elphas Mukonoweshuro on Wednesday said a national civil service payroll and skills audit will begin on November 30, but will exclude soldiers and other security personnel. Mukonoweshuro said: "The public...

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The rise of the Carbon Fat Cats

The ‘carbon market’ – trading in an invisible gas which cannot be used – has involved the redistribution of resources to unproductive green pursuits and the creation of a vast bureacracy. Let’s bring it down before it gets any...

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BOT extends overseas investment scope

The Bank of Thailand's court of governors today approved the central bank's investment in debt instruments of other international agencies rather than the International Monetary Fund and World Bank. Buying into dollar to soften...

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Serbia takes out USD 200mn loan

Finance Minister Diana Dragutinović says the government had signed an agreement with the IBRD on a USD 200mn loan for budget support. The International Bank for Reconstruction and Development (IBRD) is part of the World Bank.

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McKinsey, World Bank warn on water

Governments and private institutions must invest $50 billion-$60 billion annually between now and 2030 to avoid future water shortages causing serious economic and environmental consequences, according to a report from McKinsey...

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IFC To Invest Rs 35 Cr In AU Financiers

International Finance Corporation (IFC), the private investment arm of World Bank, is planning to put Rs 35 crore ($7 million-$7.5 million) in Rajasthan's AU Financiers Pvt Ltd. The company, which is registered as a non-banking...

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Leaked climate e-mails reveal New World Order newsletter

Hacked climate emails include calls for ‘Earth Government’ as foundation of new world order, splitting of America Infowars November 24, 2009 One of the leaked climate emails was apparently a press release from “Earth...

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