World Bank cuts Kenya 2011 growth forecast to 4.3 pct

NAIROBI, Dec 8 – The World Bank has cut Kenya’s economic growth forecast for this year to 4.3 percent from its earlier forecast of 4.8 percent due to a sharp jump in prices and instability in the exchange rate among other economic shocks, it said on Thursday.


Suggested by Carlos Alberto Primo Braga INVESTING FOR GROWTH AND JOBS WORLD BANK MIDDLE EAST AND NORTH AFRICA REGION ECONOMIC DEVELOPMENTS & PROSPECTS by The International Bank for Reconstruction and Development/The World Bank This is a paper that was given during the 5th edition of the international forum “Developing the Regions of Africa and Europe”, […]

Egypt withdraws request for IMF, World Bank loans

Egypt has withdrawn its loan request to the International Monetary Fund and the World Bank, an adviser to Finance Minister Samir Radwan told AFP on Saturday.

WB puts new Congo deals on ice until row resolved

The World Bank’s private investment arm, the International Finance Corporation (IFC), will not make new commitments in the Democratic Republic of Congo until a dispute over a cancelled mining contract is resolved, a spokesman said. The IFC owns 7,5% of a 553m copper and cobalt project led by Canada’s First Quantum Minerals that the Congo […]