In Ethiopia, the World Bank helps fund a program that provides food and cash to people who work on public infrastructure projects. It’s a popular program and many people need the work. But a poor farmer saidthat when he went to sign up for the program he was turned away. “This doesn’t concern you,” the program coordinator told him. Continue reading Ethiopia: Why the World Bank Should Embrace Human Rights→
A DEVELOPMENT project funded by the UK government and run by the World Bank could be facilitating a violent resettlement program in Ethiopia that has been dogged by allegations of forced displacement, physical assaults and rape, a leaked report suggests.
THE World Bank and the International Monetary Fund (IMF) were set up during the end of the World War II to rebuild the economies of Europe. However, in order for the world bank and the IMF to implement their policies, they began offering loans to poor countries but only if the poor countries privatized their economies and allowed western corporations an almost free access to their raw materials and markets. That was a poverty trap and many poor countries realized it when it was too late. We were already in chains. Continue reading How the World Bank and the IMF Destroy Africa→
ERITREA throws its political support behind the US$8 billion major new development initiative that aimed to reduce poverty, boost economic growth and promote business activity across the Horn of Africa.
The initiative was launched last week during a historic trip to the region by leaders of the global and regional institutions.
UN Secretary-General Ban Ki-moon, the World Bank Group (WBG) President, Jim Yong Kim, as well as the President of the Islamic Development Bank Group and high level representatives of the African Union Commission, the European Union, the African Development Bank, and IGAD are combining forces to promote this exciting development initiative. Continue reading Eritrea Welcomes New Development Initiative for the Horn of Africa→