Looking at historical and current events of the West's involvement in Africa Affairs - led to this question: Is the West, Pro-Africa development, or Anti-Africa development (growth)?
Looking at historical and current events of the West’s involvement in Africa Affairs – led to this important question: Is the West, Pro-Africa development, or Anti-Africa development? Let’s look at the obvious.
It is unbelievable that a country like Egypt is seeking a $4.8 billion USD loan from the IMF to help cover the country’s budget deficits and/or avoid currency devaluation. Can the new Egyptian government be trusted?
Kim had the endorsement of President Obama and other American leaders, and he was widely expected to be approved by the World Bank board. Despite his achievements and leadership in the area of global health, some analysts noted that Kim lacked the experience in finance and diplomacy of not only past presidents of the bank but also the other nominees.
Dr. Jim Yong Kim today released a statement in response to his selection by the World Bank’s Executive Directors as 12th President of the World Bank. However, there have been complaints from developing countries that their citizens should have a chance to run the bank.
In its first detailed economic analysis in twenty-five years, the World Bank projects the economy of The Democratic Republic of Congo (DRC) is set to grow at up to 7 percent annually for the next two years.
The African Union Commission (AUC) attaches great importance to the on-going selection exercise for the next President of the World Bank and is happy to note the commitment to an open, transparent and merit-based process.
For the fifth consecutive day, the Nigerian people have staged national strikes throughout their country in protest of the recent removal of fuel subsidies, which more than doubled the prices of transportation and commodities.
IFC, a member of the World Bank Group, has obtained approval from Ghana and the eight member countries of the West African Monetary Union to establish local currency bond programs to strengthen domestic capital markets and support private sector development in the region.