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World Bank skirts references to human rights – UN expert

18 Dec

Posted by The Ethiopia Observatory (TEO)

    “The Bank’s position is effectively a sleight of hand…They insist that their operations will be ‘supportive of human rights’ but then add that this must be ‘in a manner consistent with the Bank’s Articles of Agreement,’ and they have interpreted the latter as preventing human rights being taken into account because they are inherently political.”

17 December 2014 (UN New Service): The United Nations Special Rapporteur on extreme poverty and human rights, Philip Alston, today urged the World Bank to recognize the central importance of human rights to its draft environmental and social policies, also known as safeguard policies, which apply to its investment project financing.
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Ethiopia: Laying the foundation for achieving middle income status – World Bank

20 Jun

Posted by The Ethiopia Observatory

ADDIS ABABA, June 18, 2013. Over the past decade, Ethiopia has attained high economic growth, averaging 10.7 percent per year. In 2012, Ethiopia was the 12th fastest growing economy in the World. If the country continues its historically impressive growth performance, it could potentially reach middle income status by 2025, according to the latest Ethiopia Economic Update report. This, in turn, may require an adjustment in economic policy to phase in the private sector as an additional engine of growth.
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What the World Bank Thinks About Ethiopia

24 Oct

Posted by Admin

Thinking beyond dogmas is typical of Guang Z. Chen, the resident country director of the World Bank Group (WBG) in Ethiopia. An educational background that took him between the two poles of the existing world, his country of origin, China, and the global superpower, United States, might have contributed to his ability to easily and smoothly sail through the overlapping waters.
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World Bank OKs Ethiopia’s Country Partnership Strategy (CPS); nation moves onto PBS III phase costing $1.15 billion

26 Sep

By Keffyalew Gebremedhin

The Board of the World Bank’s Executive Directors today endorsed a new Country Partnership Strategy (CPS) for Ethiopia. With it comes 50-year term interest-free credit of $1.15 billion continuing to finance new and existing projects under Promoting Basic Services phase Three (PBS III), the agreements of which were already initialed in country in July 2012 amongst the different parties.
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World Bank overseeing global land grab

28 Apr

The World Bank continues to facilitate land grabbing in poor and developing countries around the world finds a new report by Friends of the Earth. With examples from more than 60 countries, the report suggests that the programmes and policies pushed by the World Bank, such as the Principles for Responsible Agricultural Investment (RAI), create an illusion that by following a set of principles, land grabs can proceed without disastrous consequences. The RAI framework may “seek ‘transparency’ from land deals, but even if done ‘transparently,’ the transfer of large tracts of land will still deprive smallholder farmers and local communities from a crucial, life-sustaining resource.”

SOURCE: Global Policy Forum


The World Bank continues to facilitate land-grabbing in poor and developing countries around the world, according to new research released here on Monday.
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How Ngozi failed World Bank bid for presidency

21 Apr

By Professor Joseph Kieyah JD., PhD

The backdrop to Dr Ngozi Okonjo-Iweala’s failed bid to lead the World Bank is the racial discriminiation that continues to erode the legitimacy and credibiity of the Breton Woods institution, argues Professor Joseph Kieyah‬.
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Dr. Jim Yong Kim Selected 12th President of the World Bank Group; dissenting voices speak out

16 Apr

World Bank Press Release No:2012/395/SEC

WASHINGTON, April 16, 2012 – The Executive Directors met today to select a new President of the World Bank Group. The Board expressed its deep gratitude for Mr. Robert B. Zoellick’s outstanding leadership and his dedication to reducing poverty in its member countries, the core mandate of the World Bank Group.
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Ethiopia receives World Bank financing to help 8.3 million food insecure people through 2015

9 Apr

By Keffyalew Gebremedhin

Although Ethiopia has been fighting to get past its hunger and famine image, it has hardly managed to do so with several million people still dependent on international food aid — just to be alive.

It should not come as surprise that, during a presentation on 4 April 2012 at Stanford University, California, in response to a questioner’s concern about Ethiopian productivity and the various policy bottlenecks and poverty-related problems, Bill Gates explained, “Ethiopia is a very interesting case, because it has more food insecure people who need food aid than any country in the world.”
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