World Bank unveils 12 billion dollar plan to cut poverty in India
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The World Bank unveiled plans to lend up to 12 billion dollars to India under a fresh four-year program beginning in 2005 to alleviate poverty in the world's second most populous nation.
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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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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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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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India's most ambitious scheme to reduce poverty has disappointing results in its first year, studies suggest.
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BERLIN, Oct 4 (IPS) - Imagine the world's poorest trading their way  out of poverty. A grand vision indeed, but how to turn it into  reality?
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BRUSSELS, Jan 27  (IPS) - Encouraging and rewarding good policies that lead  to sustainable economic growth is  key to poverty reduction, says  Paul Applegarth, chief executive officer of the  Millennium  Challenge Corporation in the United States.
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Nigeria needs up to $7bn a year to achieve the UN's poverty eradication goals by 2015, an official says.
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The International Finance Corporation, the World Bank&#39;s private sector arm, will on Wednesday unveil a $320m package to finance mobile telephone networks in sub-Sarahan Africa.
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SAN SALVADOR, El Salvador  - Slow growth in Latin  American economies will hamper efforts to cut poverty in the  region in half by 2015, the Inter-American Development Bank  president said on Wednesday.
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World leaders are hoping to put a spotlight on the growing gap between rich and poor and the failure to find &#36;50 billion a year to help more than one billion people escape extreme poverty and start sharing global prosperity.
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The World Bank under Paul Wolfowitz's leadership provided $34.3 billion in loans, grants, equity investments and guarantees to developing countries in fiscal 2007, $2.7 billion more than in 2006, the lender said on Tuesday.
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The World Bank is ready to fund development projects in Kashmir if that helps bring peace to the insurgency-wracked region, President James D. Wolfensohn said Thursday as he pledged US$9 billion in aid to India over the next three years.
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Developing nations are this year set to record their strongest economic growth since 1974, the World Bank says.
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A push by developed nations could cut poverty in half within a generation, the UN says.
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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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With Africa lagging behind in  global development goals and rich countries cutting aid,  leaders of multilateral financial institutions decided on  Friday it was time to mobilize resources to reduce extreme  poverty on the continent.