Sub-Saharan Africa

Finance

News

Zimbabwe turns to the IMF

In March the Zimbabwean cabinet agreed to a new debt relief strategy that includes recourse to the IMF and World Bank's Highly Indebted Poor Countries (HIPC) initiative.

17 June 2010

Accountability

News

New World Bank Africa strategy in the works

The World Bank's 2005 Africa Action Plan (AAP) is up for review and the Bank is rolling out consultations.

17 June 2010

Infrastructure

News

World Bank engaged in controversial Ethiopian dam?

In May, over 30 NGOs worldwide issued a letter telling IFIs, bilateral development agencies, and export credit agencies to stop investing in the Ethiopian hydropower project Gilgel Gibe III.

17 June 2010

Environment

Commentary

Eskom loan blackens the World Bank's name

The World Bank, Business Unity South Africa and the African National Congress got their way with a major loan for Eskom, the national power authority, despite broad based opposition from local people, the poor, community organisations, the churches, unions, and environmental and social justice NGOs locally and globally.

16 April 2010 | Guest comment

Accountability

News

IMF restores votes for Zimbabwe

The IMF board announced in mid February that the voting rights of Zimbabwe would be restored after seven years of suspension for unpaid debt, meaning that Zimbabwe can now participate in Fund decision making.

16 April 2010

Infrastructure

News

World Bank energy lending causes uproar

Debate about the World Bank energy portfolio and its impacts on climate change has reached the boiling point with hundreds of civil society organisations campaigning against the Bank's $3.75 billion loan for a new coal plant in South Africa.

15 April 2010

Finance

News

World Bank hinders Southern Sudan's reconstruction

Government officials and development groups have criticised the failure of the World Bank and developed countries to deliver financial aid promised to Southern Sudan.

12 April 2010

Infrastructure

News

World Bank's DRC hydro project derailed

The ongoing rehabilitation of the Inga dams in the Democratic Republic of the Congo, which receives financial assistance from the World Bank, will be delayed for three years.

12 April 2010

Social services

News

World Bank health insurance not delivering in Ghana

In a forthcoming paper, NGO Oxfam will criticise the national health insurance scheme in Ghana, which has received technical assistance from the World Bank, for failing to deliver equitable health care.

12 April 2010

Finance

News

Nigerian law makers: World Bank loan invalid

In December the Nigerian House of Representatives declared a $300 million loan from the World Bank invalid, because the National Assembly was not consulted before the government began negotiations for the loan.

15 February 2010

Finance

News

IMF urges donors to pay up in Malawi

In mid January, the IMF took the unusual step of asking a group of donors to release budget support grants to Malawi, which they have been withholding until a new IMF programme is approved.

12 February 2010

Environment

News

Human rights landmark in ICSID tribunal

For the first time ever, a tribunal of the World Bank's International Centre for Settlement of Investment Disputes (ICSID) will hear human rights arguments.

20 November 2009