Washington, 9 November, 2004— Seventeen of the world’s poorest countries are now eligible to compete for grants from the Millennium Challenge Corporation (MCC), the new U.S. aid agency designed to support developing countries’ efforts to […]
Nairobi, 27 October, 2004— The richest 10 percent of Kenya’s households control more than 42 percent of its total income, according to a report that ranks the East African country among the ten most unequal […]
Addis Ababa, 19 October, 2004— The Paris Club of mainly western creditor nations have agreed to cancel US $758 million of Ethiopian debt to help cut poverty and stimulate growth. The debt write-off is part […]
Johannesburg, 13 October, 2004— Zambia’s labour ministry on Wednesday said greater efforts would be made to create jobs for millions of unemployed youth, as the country grapples with widespread joblessness. With around 65 percent of […]
Lagos, 11 October, 2004— Several of Nigeria’s biggest cities were paralysed on Monday as labour unions began a four-day general strike to protest at the latest fuel price increases under President Olusegun Obasanjo’s deregulation programme. […]
Washington, 1 October, 2004— Finance officials from the Group of Seven (G7) industrialized countries have called on oil-producing nations to increase supplies of petroleum in order to bring down prices, which they called a ”risk” […]
Washington, 2 October, 2004— The poverty reduction strategy (PRS) process of the World Bank and International Monetary Fund (IMF) should incorporate more analysis of the social impacts of those strategies, which are sources of and […]
Washington, 27 September, 2004— Africa’s time has come and this will be Africa’s century for economic growth and development, Rosa Whitaker, the former U.S. assistant trade representative for Africa and current president and chief executive […]
Berlin/Geneva, 23 September, 2004— Inflow of Foreign Direct Investment (FDI) declined globally in 2003 for the third time in a row, says the United Nations Conference on Trade and Development (UNCTAD) in its annual report […]
Washington, 20 September, 2004— President Bush has lifted trade, commercial and travel sanctions on Libya with an executive order declaring an end to the national emergency declared by former president Ronald Reagan in January 1986. […]
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