World Bank

World Bank opens writing contest for sub-Saharan African youths on child marriage

The World Bank has announced the launch of this year’s Blog4Dev competition, an annual writing contest that engages the Sub-Saharan African Youth to share their views on critical issues that affect the region’s economic development. It also gives them the platform to suggest solutions about development topics that are important to them.  The contest was launched in 2014 by the World Bank Kenya office but it became a regional competition in 2018. Eligible contestants are Sub-Saharan youths between the ages…

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Chinese economy maintains stable growth amid external headwinds: central bank governor

“Facing significant external headwinds from trade protectionism in some major economies, China has maintained a stable growth in 2019, with main economic indicators kept within an appropriate range,” Governor of the People’s Bank of China Yi Gang said Saturday. In a statement at the ministerial meeting of the International Monetary and Financial Committee (IMFC), the International Monetary Fund (IMF)’s policy-setting body, the Chinese central bank governor said China’s economic structure has been improving further. “Continued progress has been made in…

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700 million people still live in extreme poverty – World Bank

The World Bank has called on countries to ensure well-designed structural reforms in order to unlock growth and build the foundations for future prosperity. World Bank Group President, David Malpass gave the advice in Washington on Thursday in his opening remarks at the 2019 Annual Meetings Press Conference. He said problems facing countries included oligopolies, excessive public-sector employment and pension promises, and subsidies for goods, services and financing. “I’m aware of the strong resistance to many reforms. But they’re crucial…

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PM Madbouly leads Egypt’s delegation, meets WB President, US VP at  IMF and World Bank meetings

Leading Egypt’s delegation, Prime Minister (PM) Mostafa Madbouly has attended the annual meetings of the World Bank (WB) and the International Monetary Fund (IMF) in Washington DC, United States. The WB’s President David Malpass tweeted that Madbouly along with his team had “discussed private enterprise and policies to create broad-based growth,” adding that “opening markets and sound rule of law are key.” During the meetings, Madbouly reviewed the measures taken by the Egyptian government to encourage the private sector’s investments.…

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Examine children in mother tongue, says World Bank : The Standard

English and Various pre-unit ECD pupils eagerly wait to be confirmed during the graduation ceremony for the ECDE children’s transition to grade one at Walodeya primary school in Vihiga County on October 8, 2019. [Benjamin Sakwa, Standard] Kiswahili are not the favourable languages to determine the development of children before school age, a World Bank report has stated. While these are the official languages in the country and used in exams, the report suggests that mother tongue is better placed.…

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Finance Minister Leads Nigerian Delegation to IMF/World Bank Meetings

Zainab Ahmed Billed for high-level panel talks on global tax reform Ndubuisi Francis in Abuja The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, is leading Nigeria’s delegation to the 2019 annual meetings of the International Monetary Fund (IMF) and World Bank billed to commence Monday in Washington DC, United States of America. The week-long events, which run between October 14 and 20, attract global players from the public and private sectors where issues ranging from economy, finance,…

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Tackle poverty with better tax compliance policies – World Bank to Governments

Business News of Saturday, 12 October 2019 Source: 2019-10-12 Dr Albert Zeufack, Chief Economist for Africa at the World Bank In order to effectively deal with poverty in Africa, African countries should focus on addressing incomes of the poor by resorting to the use of technology to increase agricultural productivity and also connecting farmers to markets, the Chief Economist for Africa at the World Bank, Dr Albert Zeufack, has said. He made this known in a live video conference…

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Digital Therapeutics Alliance speaker interview released for Disruptive Technologies in Pharma 2020 – World Bank News Today

Digital Therapeutics Alliance speaker interview released for Disruptive Technologies in Pharma 2020 – World Bank News Today – EIN News Trusted News Since 1995 A service for banking industry professionals · Wednesday, October 9, 2019 · 498,695,189 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Vietnam’s Focus on Luxury Housing Risks Affordability Crisis | Voice of America

HO CHI MINH CITY – Look around the cities of Vietnam and it is not hard to find luxury apartments valued at millions of dollars, while down the same streets, there are crumbling huts with faded metal sheets for roofs. The low end and the high end of the country’s real estate sector are well established, in other words, but what about everyone else in between the two extremes? Affordable Housing getting harder to find The emerging middle class and…

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