World Bank eyes joint Africa projects with China
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The World Bank is planning joint projects in Africa with China's Export-Import Bank to address concerns that Beijing is taking more than it gives as it scours the continent for oil and minerals.
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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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African leaders pitched on Monday for more trade and investment from Asia, saying they were pushing through economic and political reforms that will open up business opportunities in the continent.
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The European Commission will unveil plans in the coming months for a partnership between the European Union and China over Africa, EU Development Commissioner Louis Michel said Wednesday.
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A World Bank expert said the year 2004 is going to be a good year for China as the country&#39;s economy will grow rapidly with higher-than
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PARIS, Jul 23 (IPS) - While China's growing trade and investment  flows to Africa have sparked a sometimes contentious debate with  the United States and Europe over who has the continent's  best interests at heart, a closer look at the dynamic developing  reveals a political landscape where the rhetoric is rarely in  line with the reality, observers say.
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Wealthy countries are balking at financing World Bank projects because of their own budget problems and lingering questions over the bankâs relevance.
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With an improved particle accelerator, China sees Âgolden opportunitiesÂ for collaborative research.
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Chinese Foreign Minister Yang Jiechi arrived Wednesday for a two-day to a visit to Burundi aimed at boosting trade and cooperation ties between the Asian giant and the small central African nation.
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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.
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China plans to lend the Democratic  Republic of Congo $5 billion to modernize its decrepit  infrastructure and rich but deteriorated mining sector in  another huge Chinese investment foray in Africa.
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China's big spending in Africa drew a mixed response at a global aid meeting in Vietnam, where many welcomed the giant's new role on the continent but some voiced disquiet about its intentions.
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China is touting the pre-emptive measures it has taken to cooperate with the world&#39;s public health establishment in fighting bird flu.
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Chinese President Hu Jintao on Saturday was bringing his eight-nation African tour to Zambia, a copper-rich country where China's growing clout has prompted charges of exploitation and emerged as a volatile political issue.
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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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Chinese president Hu Jintao brought his eight-nation African tour Monday to Namibia, a sparsely populated, mineral-rich desert country that hopes to benefit from an influx of Chinese investment and tourists.
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UNITED NATIONS -- When African nations began urging the deployment of peacekeepers to Somalia in June to prop up its embattled government, an unlikely nation stepped forward to support their call for action: China, which had long been wary of such interventions by the United Nations.