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When World Bank president, Paul Wolfowitz, hired his lover and paid her thousands of dollars, many thought it was an extension of World Bank’s poverty alleviation. The kind of thing the World Bank and the IMF do in Africa and poor countries of Asia.
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The entire country knows that CETP Unnao which is a world bank assisted project launched with the help of state and central government being managed by SPV of...
made popular Feb 15 2011
In my opinion, Indian cities urgently need rapid mass transport system for both goods and people movement. When China added approx. 1 lakh kilometers within short span....
made popular Jan 21 2011
Pakistan may not be accepting big loans from the World Bank (WB) and the Asian Development Bank (ADB) for reconstructing the flood affected areas, some news sources...
made popular Oct 21 2010
Corruption is the next big challenge after flood damage to Pakistan as international donors are concerned about the transparent use of flood aid given to teh country...
made popular Sep 20 2010
Heavily pregnant Adelaide Mangwel balances 18 kilos of prawns on her head as she slowly descends the crowded ferry that carried her across Maputo Bay to sell her...
made popular Aug 2 2010
The World Bank will lend 800 million dollars to Mexico to help transform public transport to reduce emissions, and other programs, the bank’s President Robert...
made popular Jul 26 2010
Slowly but surely an extinct glacier in a remote corner of the Peruvian Andes is being returned to its former colour, not by falling snow or regenerated ice sheets, but...
made popular Jun 17 2010
US experts believe the find could turn Afghanistan from a bedraggled nation torn apart by generations of conflict into one of the most important mining centres in the...
made popular Jun 15 2010
Finland has donated 3.0 million euros (4.0 million dollars) into a fund for the reconstruction and stabilisation of areas of Pakistan on the Afghanistan border, the...
made popular Apr 24 2010
Rwanda and the World Bank on Friday signed two grants totalling $121.6 million to support the land-locked nation’s budget as it recovers from the global downturn...
made popular Apr 17 2010
South Africa expects the United States to abstain from voting on its disputed application to the World Bank for a loan to fund a power project, on which a decision is...
made popular Mar 13 2010
Nearly half a million people have fled Port-au-Prince for the Haitian countryside following the devastating earthquake that destroyed the capital, the United Nations...
made popular Feb 3 2010
Haitian police shot and killed a man they suspected of stealing rice in earthquake-ravaged Port-au-Prince on Thursday, leaving his body on the sidewalk for hours as his...
made popular Jan 25 2010
The Tunisian economy still under performs - unemployment is still too high and youth graduate unemployment is nearly 50% - but the north African nation is a powerhouse...
made popular Jan 18 2010
Jacmel was the artsy town Kathryn Bolles would travel to on weekends, a respite from the bustle of Haiti’s capital, Port-au-Prince.
But when a colleague with the...
made popular Jan 16 2010
“This boy got here yesterday afternoon. He had been trapped under blocks at his house. His right left was broken in two places. He left leg was smashed below the...
made popular Jan 15 2010
With chilling regularity, a pickup truck from the Haitian police or a taxi driver with a station wagon pulled up to deliver more bodies to the morgue. Flies buzzed on...
made popular Jan 15 2010
Survivors strained desperately on Wednesday against the chunks of concrete that buried this city along with thousands of its residents, rich and poor, from shantytowns...
made popular Jan 15 2010
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The earthquake itself is over - but as these images show, the horror in Haiti is only just beginning.
Stunned Haitians began stacking bodies on the streets of their...
made popular Jan 14 2010
To develop the country’s social sector, Pakistan has signed three agreements with the World Bank. The agreements, worth $350 million in total, were signed by the...
made popular Sep 18 2009
Due to the widespread corruption in the government departments, as revealed to the public off and on via the media, the average Pakistani feels that paying tax is just...
made popular Sep 9 2009
The Higher Education Commission (HEC) of Pakistan has turned to the World Bank for funds and the latter has agreed to give a $100 million loan to the HEC in the near...
made popular Feb 24 2009
The money would be used by the Bangsamoro Development Agency (BDA) for rehabilitation of projects destroyed by renewed armed conflict in this province and other areas....
made popular Nov 2 2008
The truth is not a shortsightedness like that. Hungary’s Finance Minister János Veres is in China conducting negotiations about a two-piece project worth USD 200...
made popular Nov 1 2008
Southeast Asian nations, backed by Japan, China and South Korea, have agreed to set up a multi-billion dollar fund to buy toxic debt and help the region’s banks...
made popular Oct 16 2008
Human Rights Watch, a US-based group claiming to be a non-governmental organization, but which is in fact funded by government-linked quasi-private foundations and a...
made popular Oct 1 2008
I recently attended a talk given by Pedro Alba, WB Director for Argentina, amongst other countries in the Southern Cone. I was pleasantly surprised by Alba’s approach...
made popular Oct 1 2008
Chavez’s government has been demonized by the US since he came to power and has been elected democratically numerous times by numbers that would be considered...
made popular Sep 29 2008
NEW DELHI: India is home to roughly one-third of all poor people in the world. It also has a higher proportion of its population living on less than $2 per day than...
made popular Aug 27 2008
Seebohm Rowntree was the son of wealthy Quaker businessman Joseph Rowntree but was acutely aware of the poverty that surrounded him in late-Victorian York, England.
made popular Jul 27 2008
Every agency wants to jump on to the ‘tiger crisis’ bandwagon. Now the World Bank has ‘asked’ the Indian government to put in a ‘formal...
made popular May 30 2008
U.N. agencies and the World Bank pledged on Tuesday to set up a task force to tackle an unprecedented rise in global food prices that is threatening to spread social...
made popular Apr 30 2008
The president of the World Bank on Sunday urged immediate action to deal with rapidly rising food prices that have caused hunger and deadly violence in several...
made popular Apr 14 2008
Poorest of the world are doomed to remain poor. What else would you expect if the apex body in the world continuously fails to deal with problems in its own...
made popular Jan 17 2008
Corruption is an endemic problem in bank projects, swallowing unknown but significant chunks from its $30 billion-plus annual portfolio.
made popular Jan 17 2008
# Bank is facing huge losses , from bid-rigging, bribes, poor quality of goods and services and other problems in lending operations to poor countries.
# Former Bank...
made popular Sep 13 2007
Paul Wolfowitz finally succumbed to the mounting pressure and resigned from the World Bank on Thursday. This brings down the curtain on a protracted battle over his...
made popular May 18 2007
Years of threats and bluster over the operations of U.S. and European oil companies in Venezuela comes to an end as Hugo Chavez’s nationalization drive took over...
made popular May 3 2007
Venezuela will bid adieu to its membership in the IMF and World Bank, Venezuelan President Hugo Chavez announced on Monday. In a speech delivered at an event to...
made popular May 1 2007
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