Africa has worst business climate but changing rapidly: World Bank
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Africa has the world's worst business environment but is reforming rapidly to scrap bottlenecks, red tape and antiquated laws, a World Bank report said.
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The World Bank on Tuesday chastised rich countries for not giving enough to fund global environmental protection and warned that overall progress in meeting global environmental targets was "alarmingly slow."
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A new World Bank report accuses African governments of strangling business through red tape.
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Jerusalem - The World Bank called on Israel to sharply reduce army closures which have decimated Palestinian trade and employment, painting a bleak picture of the economy of the occupied territories.
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A World Bank report that measures factors like corruption control, government accountability and absence of violence, released on Tuesday, shows little overall improvement in governance worldwide despite increasing focus on the issue.
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The world's poor, who are the least responsible for global warming, will suffer the most from the effects of climate change, U.N. Secretary-General Ban Ki-moon told global environment ministers on Monday.
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Findings of UN panel on global warming put African and Asian regions among those most at risk.
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The proportion of people living on less than $1 a day decreased from 40 to 21 per cent of the global population between 1981 and 2001, says the World Bank&#39;s latest annual report.
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The effect of Aids has started to hit South African firms&#39; profits, a survey suggests, with mining and manufacturing the worst affected.
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Africa's economy will grow faster this year, but changes are still needed for it to catch up with the rest of the world.
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The World Bank has called upon the governments of poor countries to work for improving their investment climates as done by India and China, saying it was central to economic growth and poverty reduction.
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The African Union called on the international community to take tougher action in Ivory Coast and Congo, two of the continent's biggest crises that risk destabilizing their wider regions.
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Many African countries have haphazardly liberalized their economies and failed to earn the expected benefits of more open trade, a U.N. report said Wednesday.
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The World Bank called on Israel to sharply reduce army closures which have decimated Palestinian trade and employment, painting a bleak picture of the economy of the occupied territories.
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The World Bank says education in the Arab World lags behind other regions and needs urgent reform.
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East Asia is headed for its fastest growth rate since before the 1997 Asian financial crisis, pushing poverty levels to a record low, the World Bank says.
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Living conditions in Zimbabwe will worsen unless the government takes urgent action to stabilise the economy, the IMF says.