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2 Dec 15
The World Bank is to enter into a new five-year country partnership with Indonesia, expected to deliver a total of $10bn for infrastructure and poverty-reduction schemes.
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26 Nov 15
Climate change threatens to cripple the economies of developing countries and will burden with an $800bn bill in adaptation costs, Oxfam has warned.
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25 Nov 15
Ethiopia, the second poorest country in the world at the start of the century, is on track to become a middle-income country by 2025.
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24 Nov 15
The UK Department for International Development has overhauled its overseas aid strategy, targeting half of all funding on fragile states and placing a stronger focus on value for money.
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24 Nov 15
The European Commission has announced development programmes for Madagascar and Chad worth a combined €619m.
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23 Nov 15
China and the UK have both pledged much-needed financial aid to prevent South Sudan’s food crisis from descending into famine.
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12 Nov 15
A greater focus on the social as well as the economic impacts of infrastructure investments may be needed, Liberia’s minister of public works has said.
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9 Nov 15
More than 100 million additional people could be pushed into poverty unless immediate action is taken on climate change, the World Bank has said.
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4 Nov 15
Brazil is at a critical turning point where overcoming the challenges it faces now could deliver a stronger, fairer and greener growth trajectory for its struggling economy, the OECD has said.
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4 Nov 15
Sub-Saharan Africa still lag significantly behind other regions on meeting the targets outlined in the Millennium Development Goals, delegates of the African Economic Conference heard on Tuesday.
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9 Oct 15
Martin Dlamini, Swaziland's Minister of Finance and a speaker at the 2015 MEFMI Forum in Lima, Peru, comments on the financial management challenges faced by developing nations in using the...
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9 Oct 15
Claver Gatete, Rwanda’s Minister of Finance and Economic Planning, comments on topics raised at the 2015 MEFMI Forum, including the challenges faced by developing nations when it comes to...
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6 Oct 15
Less than 10% of the world’s population will be living in extreme poverty this year, the World Bank has said, but there is still “great concern” about the number concentrated in sub...
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17 Sep 15
The World Bank has urged Mongolia to reform its welfare system by consolidating different benefits and targeting assistance better in order to improve the efficiency of spending.
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22 Jul 15
The BRICS group of emerging economies launched their own development bank in Shanghai yesterday to boost funding for infrastructure and development across the five countries.
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20 Jul 15
China has boosted its emerging role as one of the world’s major international aid donors, signing to an agreement with the World Bank to establish a $50m fund to reduce poverty.
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14 Jul 15
The multilateral development banks and the International Monetary Fund plan to extend more than $400bn in financing over the next three years in order to meet the new Sustainable Development Goals (...
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2 Jul 15
The poverty rate in Mongolia last year stood at 21.6%, down from 27.4% in 2012 and driven by the continued growth in livestock incomes, pensions and real wages, the World Bank has revealed.