Recent Articles

UN-Backed Project to Help Colombian Farmers Move Away from Illicit Crops Towards Fair Trade Chocolate

December 19, 2014 | By More
UN-Backed Project to Help Colombian Farmers Move Away from Illicit Crops Towards Fair Trade Chocolate

A sweet new partnership between the United Nations, the Colombian and Austrian Governments and a renowned chocolate manufacturer is slated to bring free-trade practices and a critical source of income to Colombian farmers who have long relied on revenues from illicit drug crops, the Organization’s Office on Drugs and Crime (UNODC) has announced. Launched today, […]

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World Bank: Framing the Future of Accountancy

December 18, 2014 | By More
World Bank: Framing the Future of Accountancy

The main objective of Accountancy Development for Results (ADR) is to raise awareness among leaders of the accountancy profession of their significant role in advancing the World Bank’s twin goals of eradicating extreme poverty and promoting shared prosperity. Accountants and auditors play a central role in building an environment of transparency and trust that allows […]

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World Bank Commits over $1 Billion to Bangladesh

December 17, 2014 | By More
World Bank Commits over $1 Billion to Bangladesh

WASHINGTON – The World Bank today approved approximately $1.1 billion for three projects in Bangladesh that would benefit almost 36 million people by improving the quality of primary education, building coastal communities’ resilience to natural disaster, and increasing the nutrition and cognitive development of children from the poorest households. The projects approved by the Bank’s Board […]

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Wole Soyinka: A Literary Thorn in the Side of Power

December 16, 2014 | By More
Wole Soyinka: A Literary Thorn in the Side of Power

As religious fanaticism increases, “the scroll of faith becomes indistinguishable from the roll call of death.” Nigerian poet and playwright Wole Soyinka (80) spoke out firmly against faith-inspired violence in a video address delivered at the World Humanist Congress – a triennial event organised by the International Humanist and Ethical Union. Mr Soyinka warned that […]

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World Bank Supports Efforts to Achieve Growth with Equity and to Develop Cities in Colombia

December 15, 2014 | By More
World Bank Supports Efforts to Achieve Growth with Equity and to Develop Cities in Colombia

The World Bank Board of Executive Directors approved a two-loan package today totaling US$1.4 billion to strengthen economic growth with equity in Colombia, on the one hand, and increase productivity and sustainability in Colombian cities, on the other. These Development Policy Loans (DPLs) were designed to support the Colombian administration’s budget program. Growth with Equity […]

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World Bank: International Food Prices Hit Four-Year Low

December 12, 2014 | By More
World Bank: International Food Prices Hit Four-Year Low

New World Bank Group tool focuses on preparedness for potential future crises. International prices of food decreased by 6 percent between April and August 2014, reaching a four-year low, according to the latest edition of Food Price Watch. This sharp decrease was driven mainly by international wheat prices, which went down 19 percent and maize prices, […]

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UN Reports Potential for Gradual Return to Global Growth, Foresees Risks, Uncertainties

December 11, 2014 | By More
UN Reports Potential for Gradual Return to Global Growth, Foresees Risks, Uncertainties

Global economic growth is forecast to continue increasing over the next two years, the United Nations reported today, despite legacies from the financial crisis continuing to weigh on growth, and the emergence of new challenges, including geopolitical conflicts such as in Ukraine, and the Ebola outbreak in West Africa. The UN World Economic Situation and […]

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Stephen Hawking: In the Footsteps of Sir Isaac Newton

December 10, 2014 | By More
Stephen Hawking: In the Footsteps of Sir Isaac Newton

To grasp the size, shape and nature of the universe requires a vast mind such as only very few possess. However, in order to truly understand space, and how it came about, a mind the size of Stephen Hawking’s is needed. Where even renowned physicists struggle to keep up, Mr Hawking effortlessly connects the dots, […]

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Trade Balance of Developing and Developed Countries Continues to Converge, UNCTAD Statistics Show

December 9, 2014 | By More
Trade Balance of Developing and Developed Countries Continues to Converge, UNCTAD Statistics Show

UNCTAD Handbook of Statistics 2014 shows that developing and transition economies run large trade surpluses for merchandise and services trade. Geneva, 9 December 2014 – Developing economies ran a combined merchandise and services trade surplus for 2013 of $177.6 billion, the UNCTAD Handbook of Statistics 2014 [1] reveals, representing a fall of 40 per cent as measured […]

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Mozambique Gets US$110 Million from World Bank to Improve Business Environment, Public Financial Management, and Social Protection

December 8, 2014 | By More
Mozambique Gets US$110 Million from World Bank to Improve Business Environment, Public Financial Management, and Social Protection

WASHINGTON — The World Bank Board of Executive Directors approved today US$110 million to support the Government of Mozambique’s State Budget and its poverty reduction plan (PARP). This International Development Association (IDA) funding is provided under the tenth Poverty Reduction Support Credit (PRSC X) program that supports the Government’s programmatic reform agenda agreed upon with the […]

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