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A New World Bank Report by Christine Qiang

takes an in-depth look at how ICT, and particularly broadband and mobile, are impacting economic growth in developing countries. The data section includes at-a-glance tables for 150 economies of the latest available data on ICT sector performance. Performance measures for access, affordability and applications in government and business are also introduced.

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World Bank names Uganda among worst places for business

Wednesday, 01 July 2009 08:03 By Joseph Were , The IndependentUganda is the easiest place on earth to hire and fire workers, has the most flexible wage policies, is favourable to foreign direct investment and ownership of businesses, and has limited restrictions on capital flows.But it also has high favouritism amongst government officials, limited public trust in politicians, poor

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World Bank Approves $25m Aid Package to Assist Economic Agents in Mozambique

The World Bank has approved a $25 million aid package to assist economic agents in the Mozambican provinces of Inhambane and Nampula who will, until 2014, have access to funding to improve the business climate and increase their competitiveness. The bank said in a statement that this financial packages negotiated with the World Bank by the [...]

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Global Renewable Fuels Alliance dings World Bank

The Global Renewable Fuels Alliance (GRFA) representing over 65% of the world’s biofuels production from 44 countries wrote to the head of the World Bank regarding that organization’s lack of support of bioenergy. “I am writing to you to express our deepest concern that the World Bank is failing developing countries in their desire to develop [...]

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World Bank sees signs of LatAm bounceback

Latin America is showing early signs of emerging from the global economic crisis, although any recovery is likely to be 'slow' and "unsynchronised", according to the World Bank.

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Towards sustainable water management in Peru – US$10 million World Bank loan

Web Newswire : The World Bank approved today a US$10 million loan to support the Peruvian Government in its Water Resources Management Modernization project. The loan is aimed at improving the management of water resources in Peru through a participatory, sustainable, multisector and basin-scale approach. For such purpose, the project will work with the national water bureau (Autoridad Nacional del...

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World Bank finally catches up with Siemens

Seems like regulators are finally dealing with bribers and cheaters. But they're taking their time.Two years after Siemens executives were convicted of paying bribes to get business, the World Ba...

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World Bank warns on recovery

THE world economy is still in a precarious position despite signs of recovery, World Bank President Robert Zoellick says.

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Lift ban on Satyam, Tech M to World Bank

Tech Mahindra, the new owner of the troubled Indian IT services firm Satyam, has officially written to the World Bank seeking an end to the eight-year ban against Satyam.

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Siemens Settles With World Bank

Germany's Siemens agreed to forgo bidding on World Bank projects and pay more than $100 million toward anticorruption campaigns as part of efforts to settle a bribery scandal.

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World Bank Approves U.S. $535 Million Package

The Board of Directors of the World Bank has approved a total of US$535 million to support three credit facilities aimed at helping improve economic governance and stabilizing Ghana's economy.

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It's that simple

While summing up the thesis of World Bank economist Alessandro Magnoli Bocchi in “ Rising Growth, Declining Investment: The Puzzle of the Philippines ,” Cocoy has tried to explain the puzzle in his own words : The answer according to the same policy paper (of Bocchi) is that while foreign direct investment has fallen since the 1990s, the local market has not picked up the slack. Big Business...

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The Great American Bubble Machine

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression MATT TAIBBI RollingStone In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy...

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WB approves 35 mln USD credit to Ethiopia’s sustainable tourism dev’t

Addis Ababa, July 2, 2009 - The World Bank on Tuesday approved the first-ever sustainable tourism development project in Sub-Saharan Africa, a 35 million US Dollars Credit to the Government of Ethiopia.In a statement it sent to ENA on Thursday, the bank said the credit is given to enable tourism contribute for sustainable overall development whilst preserving and enhancing the country’s social,...

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You really don't need a weatherman

An economist on the Today programme just apologised in case he and his fellow professionals are confusing us with the latest round of figures about public spending. How could we possibly be confused? We don't know the numbers. We don't need to know the numbers. It's quite sweet that politicians of all sides think it's about the numbers, as if we can be dazzled by a little book cooking, or "re-prioritising"...

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World Bank Raises China Economic Growth Forecast

World Bank Raises China Economic Growth Forecast   - konaxis.net

The World Bank, in its China Quarterly Update, raised its forecast for China's 2009 gross domestic product (GDP) growth from 6.5 to 7.2 per cent , saying there was an apparent success of the government's stimulus package as shown by the improved business outlook from March, when the 6.5 per cent growth forecast was made. However, the bank does not see yet a sustainable recovery, despite the state's...

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China's Industrial Output, Retail Sales Posted Growths In May

China's Industrial Output, Retail Sales Posted Growths In May  - konaxis.net

The National Bureau of Statistics data show that China's retail sales, industrial output and bank lending grew in May. China's annual industrial output grew by 8.9 percent year on year in May, which is higher than the 7.3 percent growth rate in April. In the first five months, average factory output was up 6.3 percent over the same period last year. In retail sales, May’s growth rate rose to 15.2 percent...

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World Bank Lends More Support to India’s Small and Medium Enterprises

World Bank Lends More Support to India’s Small and Medium Enterprises - devismartin

The World Bank has agreed to release US$400 million new financing loan to the Small Industries Development Bank of India (SIDBI), in an endeavour to further strenghten the growth of Small and Medium Enterprises ( SMEs ). This additional financing will add to the already disbursed original project which had been fixed by the World Bank on November 30, 2004. Indian SMEs face constant challenges when...