World Bank Urges Poor Countries to Improve Investment Climates
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The World Bank wants the governments of poor countries to do more to improve their investment climates, action it described as central to economic growth and poverty reduction.
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The government wants the International Monetary Fund (IMF) to relax its strict fiscal policies to give countries like the Philippines greater access to loans and investments.
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Poverty leads to violence, the leaders of France and Brazil warned Monday in urging other nations to find ways to narrow the gap between rich and poor and help the more than 1 billion people who live on less than $1 per day.
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Dozens of world leaders appealed at UN headquarters on Monday for an international initiative to ensure the poor can join the wealthy in sharing in the benefits of a global economy.
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A fifth year of powerful economic growth in East Asia and the Pacific has driven the number of people living in poverty in the region to its lowest level ever, but the World Bank warned Tuesday that oil prices could dampen the boom next year.
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PORTO ALEGRE, Brazil -- Participating in the World Social Forum for the first time, the International Monetary Fund and the World Bank tried to assure social and leftist activists yesterday that they are increasingly heeding calls for a more aggressive fight against poverty.
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The chairman of a UN conference on climate change warns that poor countries need urgent help to stave off the effects of global warming.
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NEW YORK, Dec. 7 -- Despite an intensified campaign against poverty, World Bank programs have failed to lift incomes in many poor countries over the past decade, leaving tens of millions of people suffering stagnating and even declining living standards, according to a report released Thursday by...
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The world economy has  weathered sharp drops in asset prices well so far but could  face a slowdown if market volatility continues, central bank  chiefs from key developing nations said on Saturday.
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The World Bank and member countries are moving to help poor nations tackle corruption, after months of discussions.
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The World Bank warns Cambodia needs to quicken reform to avoid severe economic problems.
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Multinational companies and financial institutions that use bribery and tolerate illicitly gained wealth are helping fuel corruption in the world's poorest countries, a global corruption watchdog said on Wednesday.
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Fewer people are living in extreme poverty in the East Asia-Pacific region, the World Bank said Tuesday.
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World Bank President Robert Zoellick on Sunday called on the bank's 185 member nations to back a new direction for the poverty-fighting institution and give the private sector a bigger role in helping poor nations.
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The World Bankâs efforts to fight corruption are plagued by weak management, distrust and employee resistance, a panel of outside experts said.
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Rich countries must pay to help poorer nations adopt cleaner models of development, Brazil's President Lula tells the BBC.
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The number of weak and poorly governed nations that can provide a breeding ground for global terrorism has grown sharply over the past three years, despite increased Western efforts to improve conditions in such states, according to a new World Bank report.