The World Bank's private sector arm, criticised by civil society for investing largely in middle income countries, will ratchet up its projects in Africa and poor regions, the agency's head said on Wednesday.
Nairobi's Africities summit is the fourth for local governments in the continent. The first, in Abidjan, Cote d'Ivore in 1998, saw the emergence of the African municipal movement on the regional and international scene.
Finance ministers on Monday endorsed a controversial new World Bank strategy for tackling corruption in developing countries
Africa must develop its rural towns and give local authorities more power in order to ease a strain on cities which are creaking under heavy growth, officials and international planners said on Monday.
The World Bank's private sector arm said on Monday it hiked investments in the Middle East and Africa by 80 percent in the year that ended in June due to higher demand in those regions and it aims to do more in 2007. We are refocusing on these countries, International Finance
Finance ministers on Monday backed a controversial new World Bank strategy for tackling corruption in developing countries but insisted on overseeing how it is implemented
Finance ministers endorsed proposals Sunday intended to make it easier for international lending institutions to deal with soaring oil prices, trade gaps and other problems that threaten to derail growth.
