No relief as IMF and World Bank talks on poor end in failure
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THE worldâs leading finance officials and ministers yesterday failed to reach agreement on debt relief for the poorest nations. Wrapping up a weekend of IMF and World Bank talks in Washington, no agreement appeared to have been secured.
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The UN calls an emergency meeting as Africa fails to make progress on its Millennium Development Goals.
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The world&#39;s leading finance officials and ministers appear to be failing to reach agreement on debt relief for the poorest nations.
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Save for the promise of a new plan by the year-end to resolve the long-pending issue of debt relief to poor countries, the International Monetary Fund-World Bank annual meetings have ended without any consensus on critical issues.
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The Palestinian economy is in crisis, performing well below its potential, the World Bank says.
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The World Bank lacks motivation in its approach to anti-corruption work, an official inquiry says.
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African Union-led crisis talks on Kenya failed Thursday but mediators said President Mwai Kibaki and the opposition had agreed to work with former UN chief Kofi Annan to end unrest that has left hundreds dead.
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The United States rejected British proposals for a multi-billion-dollar aid plan for Africa as finance ministers of the G7 powers converged in London Friday to discuss the economy and Third World poverty.
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As negotiators try to relaunch global trade talks in Brazil, one says failure to reach a deal could have dire results.
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One of the biggest reasons that very poor countries can&#39;t provide decent education and health care is that they are stuck in a cycle of debt owed to the International Monetary Fund, the World Bank and regional development banks, much of it dating to the
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WASHINGTON - Finance officials failed to resolve their differences over debt relief for the world's poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.    The ministers and central bank governors attended weekend steering committee meetings of the International Monetary Fund and the World Bank before heading into a session involving all 184 member nations of the two lending organizations on Sunday, the final day of talks...
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Talks on rebalancing voting power in  the International Monetary Fund start on Monday with some major  emerging economies already complaining that an opening proposal  fails to clearly spell out changes needed to give them more say  in the institution.
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Rich nations failed to agree at meetings this weekend on a plan for canceling the debts the world&#39;s poorest countries owe to the World Bank and International Monetary Fund.
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WASHINGTON -- Countries large and small mobilized yesterday in the aftermath of the earthquake and tsunamis that spread devastation across South and Southeast Asia, but international officials said the millions of dollars in short-term assistance pledged so far fall way short of the billions needed to address one of the worst natural disasters in memory.
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Red tape, corruption and a lack of public support for government policies are hampering investment in the poorest countries, a report from the World Bank revealed yesterday.
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The United States rejected British  proposals for a multi-billion-dollar aid plan for Africa as  finance ministers of the G7 powers converged in London Friday  to discuss the economy and Third World poverty.
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International aid officials and development experts are voicing concern that the outpouring of generosity from the world's governments may deplete resources for other pressing needs in much poorer countries.