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World Bank Response to Philippines Typhoon Disaster

“We have been encouraged by the resilience of the Filipino people and the determination shown by President Aquino and his team as they work to recover from a disaster of unprecedented scale,” said World Bank Group President Jim Yong Kim.

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MIGA (World Bank): Energy in Africa – The Many Sides of Sustainability

Africa is booming—mostly. Much of the continent has experienced strong and sustained economic growth over the last two decades. Many countries have also been shielded from the recent Great Recession due to favorable commodity prices and relatively weak ties to

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Otaviano Canuto, World Bank Group: Emerging Markets and the Unwinding of Quantitative Easing

The mid-year season was marked by a strong pressure of capital outflows and exchange rate devaluations in several systemically relevant emerging market economies. Announcements in May that the Federal Reserve had started to focus on phasing out its asset-purchase program

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The World Bank: Calling for an End to Poverty

With more than a billion people in the world living on less than $1.25 per day, World Bank Group President Jim Yong Kim today said this week that extreme poverty was “the defining moral issue of our time,” and he

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World Bank Initiative for a Low Carbon Future

The World Bank has announced a new Low-Carbon Liveable Cities (LC2) Initiative to support developing country cities around the world in their efforts to plan low-carbon, climate-smart development and get finance flowing. The initiative – which aims to reach 300

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Christopher Colford, World Bank: Competitive Cities Can Meet the Challenge of Job Creation

Focusing policies on competitive industries can provide jobs for the impoverished, hungry, restive urban millions As magnets for talent and crucibles of creativity, dynamic cities are the pacesetters for innovation in this era of relentless global competition. Vibrant metropolitan regions

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Otaviano Canuto, World Bank Group: China, Brazil – Two Tales of a Growth Slowdown

China and Brazil are both facing a growth slowdown, as compared to the period prior to the global financial crisis. They were both able to respond with aggressive anti-cyclical policies to the post-Lehman quasi-collapse of the global economy. In both

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World Bank: Efforts for Better Land Governance in Africa

Sub-Saharan Africa is home to nearly half of the world’s usable, uncultivated land but so far the continent has not been able to develop these unused tracts, estimated at more than 202 million hectares, to dramatically reduce poverty and boost

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World Bank: Philippines Poised for More and Better Jobs

By Axel Van Trotsenburg, World Bank Vice President for East Asia and Pacific If the first quarter of this year is any indication, the Philippines is doing well in terms of gross domestic product (GDP) growth. At almost 8 percent,

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Otaviano Canuto, World Bank Group: Fiscal Policy Redux

As part of their response to negative shocks coming from advanced economies after the Lehman Brothers’ collapse in 2008, most developing countries resorted to countercyclical fiscal policy. Such a policy choice was available to many developing economies that entered the

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