World Bank

Will the World Bank's Latest Mega Expansion Cause Mega Damage?

Patricia Adams | Posted 04.11.2014 | Canada Politics
Patricia Adams

The World Bank wants to add tens of billions of dollars to its annual budget in an effort to eliminate "extreme" poverty by 2030. But decades of misma...

A Resurgent Rwanda Stilling The Screams of 20 Years Ago

Capt. Trevor Greene | Posted 03.09.2014 | Canada
Capt. Trevor Greene

The years since the Arusha Accords ended the slaughter have been trying, as Rwanda made a difficult transition to democracy. Paul Kagame was elected president in the country's first-ever democratically contested multi-party elections in August 2003. Kagame was re-elected in a landslide in 2010. He is such an effective leader because he hasn't lost touch with his people.

Global Recovery, Is It Really You?

CP | Harry Dunphy, The Associated Press | Posted 03.16.2014 | Canada Business

WASHINGTON - The global economy is slowly picking up steam, led by advanced economies appearing to turn the corner after five years of financial crise...

Why Should Developing Countries Be Preached To By the G7?

Bessma Momani | Posted 01.23.2014 | Canada
Bessma Momani

Post-crisis regulatory reform efforts show that developing countries are rule takers and G7 countries are the rule makers. All this in spite of the fact that the epicentre of the international financial crisis occurred in developed countries. So why should many of the regulators and supervisors in developed countries claim to know best practices for developing countries?

The World's Highest Potential Resource is Not What You Think

G(irls)20 | Posted 08.14.2013 | Canada
G(irls)20

2013-06-12-blog_girls_20_summit_v01A.png When we talk about natural resources that can drive economic benefit the conversation usually turns to gas and minerals, or sun and wind. What if I were to tell you that the world's most underutilized and highest potential resource is all around us? She may be standing next to you, she may be in a village far away, she may even be you.

Our Job Deficiency: A Challenge to the IMF-World Bank

Bessma Momani | Posted 06.29.2013 | Canada Business
Bessma Momani

At the IMF-World Bank meetings this past week, there were plenty of assessments of the state of the global economy that described the post-2008 recovery as anemic. Only a few went so far as to claim that the global economy is comatose. Yet, despite general agreement on the diagnosis, there was little consensus on how to solve the problem.

The Economics of Europe's Lost Generation

Bessma Momani | Posted 12.15.2012 | Canada Business
Bessma Momani

At the IMF and World Bank Group annual meetings in Tokyo, the European economic crisis was never off the agenda and often took centre stage in panel discussions. In the streets of Athens, Madrid, and in cities of other fiscal adjusting European states, there is a real belief that this new economic reality will result in a lost generation.

Chinese Officials To Skip IMF-World Bank Meetings

CP | Malcolm Foster, The Associated Press | Posted 12.09.2012 | Canada Business

TOKYO - China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week in an apparent snu...

China Invests in African Expansion... And the West Loses Out

Glen Pearson | Posted 12.04.2011 | Canada
Glen Pearson

Should the West continue to ignore the overall needs of Africa's continental economy, then it shouldn't be surprised when it finally decides on long-term investments for natural resources that China has already set up shop and captured most of the contracts.

World Bank Head: Global Markets In 'Danger Zone'

BBC News | Posted 10.15.2011 | Canada Business

World markets have entered a "new danger zone", the president of the World Bank has warned. Robert Zoellick said investors had lost confidence in the ...

K'naan, Iman and the Famine in Somalia: The Long Game Matters, Too

Edward Jackson | Posted 09.26.2011 | Canada
Edward Jackson

The celebrities' call to action on the famine in Somalia is welcome, but the bottom line is that these countries need sustained economic growth. Such strategies are not without risks, however. Businesses must not be permitted to abuse human rights. Foreign investment must not undermine sovereignty.

Canada Could Punch Above its Weight in Multilateral Policy Shift

Joseph Ingram | Posted 08.29.2011 | Canada
Joseph Ingram

Prime Minister Harper's new government has indicated that Canada would not increase its bilateral assistance to the current governments in Egypt and Tunisia. Detractors might see a shift to more multilateralism as a pretext for a government keen to reduce spending.

Multipolarity: It's Already Here

Edward Jackson | Posted 08.08.2011 | Canada
Edward Jackson

Six emerging economies will account for more than half of global growth by 2025. But "emerging" is really a misnomer. These economies exercise their expanding power every day on every continent in every sector. The only thing "emerging" about them is how powerful they could become.