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African growth 'to outpace world'

Economic Growth in Africa - BBC

Sub-Saharan Africa's economic growth is set to outpace the global average over the next three years, according to the World Bank. Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's growth to more than 5%.


BRICS plan development bank to fund infrastructure

Leaders of the five BRICS nations fueling global economic growth plan the creation of a development bank in a direct challenge to the World Bank that they accuse of Western bias.


Global food prices on the rise again: World Bank

Food Prices on the Rise

Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said on Wednesday.


American Jim Yong Kim is chosen to lead World Bank

Jim Yong Kim, an American who is president of Dartmouth College, has been chosen to be the next president of the World Bank. His selection Monday extends the U.S. hold on the top job at the 187-nation development agency.


Obama nominates Dartmouth's Jim Yong Kim to be World Bank chief

Jim Yong Kim

President Obama on Friday nominated Dartmouth College President Jim Yong Kim, a physician and anthropologist by training, to succeed Robert Zoellick as the next president of the World Bank.


World Bank Chief to Step Down - Wall Street Journal

World Bank President Robert Zoellick said he plans to step down in June at the end of a five-year term in which he led the institution through a volatile period in the global economy.


World Bank’s action on Europe reflects fear of another global meltdown

The World Bank is moving to prop up the European banking system in response to the crisis in the region, echoing the steps it took during the 2008 world crisis and reflecting heightening fear that the euro’s problems are starting to crimp the global economy.


World Bank chief says world economy in new danger zone

The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.


Global markets in 'danger zone'

Markets are in a "new danger zone" as investors have lost confidence in the economic leadership of several countries, the World Bank president says.


Egypt says will not need IMF, World Bank funds

Egypt will not borrow from the World Bank and International Monetary Fund after revising its budget and cutting the forecast deficit, even though a loan had been agreed, Finance Minister Samir Radwan said Saturday.


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