Tag Archives: poverty reduction

Switzerland promotes broad-based growth in Burkina Faso and Mozambique

BERN, Switzerland /African Press Organization (APO)/ On 8 May 2013 the Federal Council decided to grant Burkina Faso and Mozambique general budgetary assistance of CHF 32 million each for the years 2013 to 2016. This will support both countries in implementation of their poverty reduction strategies, which focus on broad-based and sustainable growth.
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IMF Executive Board Concludes 2012 Article IV Consultation with Cape Verde

PRAIA, Cape Verde, April 24, 2013/African Press Organization (APO)/ On March 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cape Verde.1
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Harper Government boosts food production and economic growth in Africa / Parliamentary Secretary Pierre Lemieux highlights Earth Day

OTTAWA, Canada, April 22, 2013/African Press Organization (APO)/ African households will be better able to increase their food production and incomes as they improve their ability to adapt to the impacts of deforestation and the effects of weather on food security and livelihoods. Today, in recognition of Earth Day, Pierre Lemieux, MP for Glengarry-Prescott-Russell and Parliamentary Secretary to the Minister of Agriculture, announced an agro-forestry initiative that will improve food production, reduce poverty and help African families adapt to weather-related challenges in the Democratic Republic of the Congo.
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Africa Continues to Grow Strongly Despite Global Slowdown, Although Significantly Less Poverty Remains Elusive

WASHINGTON, April 15, 2013/African Press Organization (APO)/ Economic growth in Sub-Saharan Africa is likely to reach more than 5 per cent on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world — according to the World Bank’s latest Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.
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Sustainable Energy for All: Sector Results Profile

World Bank Group financing for power generation, transmission and distribution, and energy policy and regulatory reform has helped expand access to millions of households in over 60 countries. Bank Group financing, combined with advisory and analytical services, knowledge products, as well as policy support, has also helped launch and scale up renewable energy generation and energy efficiency at national, sub-national and municipal levels. During 2002-11, the Bank supported projects for the construction and rehabilitation of about 115,000 kilometers of transmission and distribution lines and about 19,000 megawatts of generation capacity to improve access to reliable energy.

Off-grid solar power is lighting up gers and herders' lives across the vast steppes of Mongolia. Seventy percent of Mongolia’s herders now have access to electricity.

Challenge

More than 1.2 billion people—about 17 percent of the world’s population—are without access to electricity, most of them concentrated in about a dozen countries in Africa and Asia. Another 2.8 billion rely on wood, charcoal, dung and coal for cooking and heating, which results in over four million premature deaths a year due to indoor air pollution. Shortages in power supplies, and their unreliable and poor quality, due to underinvestment, are also major challenges facing developing countries. read more

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Spur a Sustainable and Shared Prosperity in Benin

World Bank’s new strategy will help Benin capitalize on its advantages to foster its development read more

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Benin: Accelerate Real Economic Growth and Reduce the Incidence of Poverty

World Bank allocates US$30 million to support economic and structural reforms read more

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NEW SEED LEGISLATION SPELLS DISASTER FOR SMALL FARMERS IN AFRICA

Civil society organisations from the SADC region, and around the world have condemned the SADC draft Protocol for the Protection of New Varieties of Plants (Plant Breeders’ Rights) as spelling disaster for small farmers and food security in the region. These groups, representing millions of farmers in Africa and around the world have submitted their concerns to the SADC Secretariat. They are calling for the rejection of the Protocol and urgent consultations with farmers, farmer movements and civil society before it’s too late. read more

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IMF Concludes First ECF Review Mission to Liberia

MONROVIA, Liberia /African Press Organization (APO)/ An International Monetary Fund (IMF) mission led by Ms. Catherine McAuliffe visited Monrovia March 4–20, 2013, to conduct discussions for the first review under the Extended Credit Facility (ECF). 1 The mission met with President Ellen Johnson Sirleaf and held discussions with Acting Minister of Finance Sebastian Muah, Central Bank of Liberia (CBL) Executive Governor Joseph Mills Jones, other senior officials, legislators, representatives of the private sector, civil society organizations, and development partners. The mission also conducted a one-day high level seminar on natural resource revenue management and an outreach event for University of Liberia students. read more

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Concluding Statement of the IMF Mission to Comoros

MORONI, Comoros /African Press Organization (APO)/ A team from the International Monetary Fund (IMF), visited Moroni from March 13 to 22, 2013 for discussions on the fifth review of the Union of Comoros’ Extended Credit Facility (ECF)1 arrangement. The mission met with His Excellency Dr. Ikililou Dhoinine, President of the Union, and held discussions with Vice-President and Finance Minister Soilihi, Governor of the Central Bank of the Comoros Chanfiou, Permanent Secretary of the Committee to Monitor Reforms Oubeidi, and other government and central bank officials, as well as representatives of the private sector and the donor community. read more

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AfDB Approves US $73 Million for Irrigation and Road Projects in Malawi

LILONGWE, Malawi, March 14, 2013/African Press Organization (APO)/ The African Development Bank (AfDB) Group (http://www.afdb.org) approved, on March 13, 2013, grants and loans amounting to US $73 million to finance irrigation and road rehabilitation projects in Malawi. read more

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Innovation Improves Gender Programs, Spurs Economic Development in Africa, World Bank

WASHINGTON, March 8, 2013/African Press Organization (APO)/ Despite the steady economic growth in many African countries over the last few years, gains have not always translated into greater gender equality or poverty reduction, the World Bank announced today. read more

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A partnership built on a vision for an Emerging Senegal

Support economic growth, job creation and poverty reduction read more

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WCC consultation to analyze foreign involvement in Africa’s development

GENEVA, Switzerland, February 25, 2013/African Press Organization (APO)/ How can Africa attain economic liberation, social welfare, as well as ecological protection in partnership with the European Union (EU), United States (US) and China? An ecumenical gathering in Tanzania will address this question by assessing investments in poverty eradication and development in the region. read more

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