World Bank says remittance inflow to Kenya and Ethiopia rises

Tvc News The World Bank says remittance flows to Kenya and Ethiopia from the diaspora has significantly increased compared to the rest of Sub-Saharan Africa. The Central Bank of Kenya says the 12-month cumulative inflows from the diaspora to August increased by more than 9 % to 1.5 million dollars, from the 1 million dollars

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World Bank says remittance inflow to Kenya and Ethiopia rises

Tvc News The World Bank says remittance flows to Kenya and Ethiopia from the diaspora has significantly increased compared to the rest of Sub-Saharan Africa. The Central Bank of Kenya says the 12-month cumulative inflows from the diaspora to August increased by more than 9 % to 1.5 million dollars, from the 1 million dollars

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World Bank: African GDP to Slow to 3.7 Percent

VOA Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank said on Monday. The region’s economy, which grew 4.6 percent last year, will strengthen only marginally in the next two years, it predicted. “Growth

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US, UK, World Bank Among Aid Donors Complicit in Ethiopia’s War on Indigenous Tribes

US, UK, World Bank Among Aid Donors Complicit in Ethiopia’s War on Indigenous Tribes, Opening the Way to International Agribusiness By Will Hurd Source: Global Research USAID, the UK’s DFID and the World Bank are among those covering up for severe human rights abuses against indigenous peoples in Ethiopia’s Omo Valley, inflicted during forced evictions

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What is FFD3 and what can we expect to happen in Addis Ababa?

Global development professionals network sustainable development: preparing for 2015 What to expect from the Addis Ababa Financing for Development conference Development economist Owen Barder gives an insight into what the coming five days of plenaries, roundtables and side events will be all about On Monday 13 July, world leaders will gather in Ethiopia’s capital, Addis

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New Evidence Ties World Bank To Human Rights Abuses In Ethiopia

By Sasha Chavkin, Huffington Post The soldiers pointed their guns at Odoge Otiri and led the 22-year-old student into the forest outside his village in western Ethiopia. Then, he says, they began pounding him with their nightsticks, leaving him bloody and unmoving. “I was unconscious,” he recalls. “The reason they left me is they thought

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World Bank Acknowledges Shortcomings in Resettlement Projects, Announces Action Plan to Fix Problems

WASHINGTON —Acting on internal World Bank reports that identified serious shortcomings in the implementation of its resettlement policies, the World Bank today released a plan that will improve the oversight and management of resettlement practices to ensure better protection of people and businesses affected by Bank-funded projects. Three reports, which reviewed over two decades of

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World Bank: Address Ethiopia Findings Response to Inquiry Dismissive of Abuses

(Washington, DC) – The World Bank should fully address serious human rights issues raised by the bank’s internal investigation into a project in Ethiopia, Human Rights Watch said in a letter to the bank’s vice president for Africa. The bank’s response to the investigation findings attempts to distance the bank from the many problems confirmed

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Response to Inquiry Dismissive of Abuses
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Can Ethiopia’s Resource Wealth Contribute to its Growth and Transformation?

WORLD BANK ADDIS ABABA, January 27, 2015 – Ethiopia has averaged a 10.7% economic growth rate over the last 10 years, more than double the annual average of countries in Sub-Saharan Africa, which was around 5.2%. However, despite having a huge potential to contribute to Ethiopia’s economy, the development of oil, gas, and mineral resources

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Leaders Commit More than 8 Billions in Major New Development Initiative for the Horn of Africa

PRESS RELEASE UN Secretary-General, WBG and IsDBG Presidents, and other Agency Heads Visit Region to Link Peace Efforts with Economic Progress Addis Ababa, Ethiopia, October 27, 2014—Leaders of global and regional institutions today begin an historic trip to the Horn of Africa to pledge political support and major new financial assistance for countries in the

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