Headlines:

  • Priority Shifts to Human Capital Development

    Priority Shifts to Human Capital Development

    Question: What should be tops on the priority list of developing countries? Investment in: (A) infrastructure. (B) human capital development. Chances are that policymakers would plump for option A. Buzzzzz! Ooops! Not so fast, says World Bank President Dr Jim Yong Kim. B is the correct answer; ...
  • Babacar Lives!

    Babacar Lives!

    To many who knew him, Babacar N’diaye, African Development Bank’s fifth president, lived a great life and practised his banking trade by taking to heart the time-honoured, sagely admonition, “put your money where your mouth is”. He certainly did his utmost to invest his time, mind and resources ...
  • Unleashing the power of women entrepreneurs

    Unleashing the power of women entrepreneurs

    IF there has to be any meaningful headway in attaining the Sustainable Development Goals (SDGs) as well as global economic growth, empowering women with the requisite finance to own their own businesses is critical, says Ivanka Trump, an entrepreneur and advisor to the President of the United ...
  • “Society Should Adjust to Automation”

    “Society Should Adjust to Automation”

    Automation of jobs is here to stay and society would better be served if it adapts, says experts. In their view, the march of technology cannot be stopped and society should be better prepared to harness its benefits. Workers who conduct routine tasks such as data collection and those that ...
  • ‘Europe’s recovery remains robust’

    ‘Europe’s recovery remains robust’

    Europe is having one of its best economic moments in recent years. Paul Thomsen, director, European Department of the IMF, says the growth in many European countries has been evenly distributed since the Euro was introduced in 1999. “Europe is doing well. The economic news is good. The recovery ...
  • Time to build a disaster-resilient future

    Time to build a disaster-resilient future

    For several years, climate change and its anticipated impact had formed a compelling agenda in major issues of discourse around the world. The destructive effects of natural disasters appear to have jolted a complacent world to reality. Hurricanes, earthquakes and flooding are threatening lives ...
  • The Best Chancellor Germany Never Had

    The Best Chancellor Germany Never Had

    Wolfgang Schäuble’s decision to step down as German finance minister and become president of the national parliament has been described by analysts as a watershed moment in the country’s politics that marks the end of his long and often controversial tenure controlling the purse strings of ...
  • Global award for Nigeria’s Central Bank Governor

    Global award for Nigeria’s Central Bank Governor

    …Forbes confers Emefiele with Best of Africa Innovative Banking Award Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has been conferred with the 2017 Forbes Best of Africa Innovative Banking Award by the Forbes Magazine. Presenting the award to Emefiele at a dinner held at the ...
  • Driving Structural Change in Developing Countries

    Driving Structural Change in Developing Countries

    Developing countries, especially in sub-Saharan Africa, face the dilemma of technological change which presents both opportunities and challenges, say experts who examined “Trends, Opportunities, Challenges and Policies for Inclusive Growth” at the ongoing IMF/World Bank annual meetings. ...
  • Towards a more secure recovery shared by all

    Towards a more secure recovery shared by all

    Christine Lagarde, Managing Director of the International Monetary Fund, (IMF) says the world’s finance ministers and central bank governors should utilize the major opportunity offered by widespread economic recovery to expand its benefits to those who are not yet growing and include those who ...
  • China’s Monetary Policy Reformer

    China’s Monetary Policy Reformer

    DR Zhou Xiaochuan, Governor People’s Bank of China, the central bank of the world’s second largest economy, is arguably, one of the most influential economic figures in the world. The economist, engineer and public servant has run China’s monetary policy under three presidents and dealt with ...
  • Growth likely in Latin America and the Caribbean

    Growth likely in Latin America and the Caribbean

    Latin America and the Caribbean economies are projected to grow at 1.2 percent in 2017 and 2.3 percent in 2018 after suffering a significant GDP contraction of -1.3 percent in 2016. This projection is contained in the latest semiannual report of World Bank’s Chief Economist Office for Latin ...
  • ‘Global economic recovery will promote inclusive growth’

    ‘Global economic recovery will promote inclusive growth’

    The current upsurge in economic recovery in most economies around the world would create a global window of opportunity to promote inclusive and sustainable growth by the implementing of structural reforms, addressing imbalances and vulnerabilities. Vitor Gaspar, director of the Fiscal Affairs ...
  • World Bank, Japan to mobilize capital market investments

    World Bank, Japan to mobilize capital market investments

    A new partnership between the World Bank Group and Japan’s Government Pension Investment Fund (GPIF) will mobilise capital markets to direct more capital toward sustainable investments. They are expected to collaborate on initiatives that would emphasize environmental, social and governance ...
  • Sub-Saharan Africa economic  growth firms-up

    Sub-Saharan Africa economic growth firms-up

    Economic recovery in Nigeria and South Africa has helped to pull growth in sub-Saharan Africa to a higher plane; now projected to hit 2.4 percent in 2017 from 1.3 percent. According to the World Bank’s bi-annual analysis of the state of Africa, Nigeria’s recent exit from a five- quarter ...
  • Global financial stability remains vulnerable —IMF

    Global financial stability remains vulnerable —IMF

    Global financial stability has continued to improve following broad economic recovery and global market buoyancy, but risks lurk around, says Mr Tobias Adrian, IMF Financial Counsellor and Director of the Monetary and Capital Market Department while presenting the revised global financial ...
  • Reducing inequality through tax

    Reducing inequality through tax

    Several advanced and developing countries are engaging in tax reform not only to raise revenue but also to ensure equitable distribution of resources, say panellists at the CNN Global Debate at the ongoing IMF/World Bank annual meetings. Canada, France and Indonesia have all embarked on reform ...
  • Policies and strategies alone can’t trigger Africa’s industrialization,  says Nnadozie

    Policies and strategies alone can’t trigger Africa’s industrialization, says Nnadozie

    The African Capacity Building Foundation (ACBF), the African Union’s specialized agency for capacity development, has urged African countries to revive their leadership development institutions and give them the necessary structural and budgetary support for implementing industrial development ...
  • Indonesia is ready for the world —Peter Jacobs

    Indonesia is ready for the world —Peter Jacobs

    Dr Peter Jacobs is the Head of Task Force, International Monetary Fund/World Bank Annual Meetings’ Bali 2018 Organising Committee. In this interview with Kelechi Anyanwu and Osaze Omoragbon, Jacobs outlines Indonesia’s preparations to host the world. He promotes the upcoming Bali 2018 meetings ...
  • Climate Finance comes into its own

    Climate Finance comes into its own

    By Joni Akpederi Luckily for the world, the US’s anti-climate change stance reflected in the President Donald Trump’s controversial trivialisation of the consequences of global warming has in no way diminished global interest in pursuing a low carbon future. The Per Jacobsson ...