Economy

Sub-Saharan Africa’s Economic Outlook 2025: Navigating Uncertainty and Aligning Policy for Sustainable Recovery

The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …

New job, housing schemes for rural sector

Even with declaring the coming year as the 'Year of Implementation' and promising the constitution of a 'Rapid Action Force' to monitor the implementation of existing poverty alleviation and employment generation programs, the Prime Minister, Mr Atal Bihari Vajpayee, used his customary address today to announce a plethora of new …

World Bank 'losing support'

Senior World Bank staff believed the bank was losing public support even before the growing backlash against economic globalisation gathered pace this year, a leaked document has revealed. The report, obtained by Financial Times, was circulated in January to World Bank senior management by Mats Karlsson, the vice-president for external …

China declared to enter WTO

China, the world's fifth largest trading power and by far the largest single market, stood on the verge of admission to the World Trade Organisation (WTO) after 15 years of tough, on-off negotiations.

Rs 14.87 cr for rural livelihood projects

The union ministry of rural development has released Rs 14.87 crore for implementation of the Andhra Pradesh rural livelihood projects (APRLP) by the state government during the year 2001-2002.

Protester 'victory' as IMF and bank trim talks

Anti globalisation campaigners claimed victory yesterday after the International Monetary Fund and World Bank proposed cutting the length of their annual meetings next month largely because of the threat of disruption by protesters.

A lost cause

It is a sorry commentary on the violence threatened by anti globalisation protesters and the inability of the police to contain them that the World Bank and International Monetary Fund are proposing to cut their normal week of annual meetings next month to two days.

NGOs to attend WTO conference in Doha

A large number of non-government organisations (NGOs) across the world will attend the fourth WTO ministerial conference in Doha in November. It will mark a departure from the position held at the previous meetings.

Hi-tech project

Lokmitra, a pilot e-governance project in Himachal Pradesh funded by National Bank for Rural and Agriculture Development (Nabard), is a replica of Gyandoot project already in operation in Dhar district of Madhya Pradesh. The project is aimed at helping all sections of the society.

'Transporters ready to face contempt, won't convert'

More than 4,000 bus operators and 15,000 auto rickshaw owners are likely to be held for contempt of the Supreme Court once it begins hearing in the CNG case on September 17.

Ready for the competition?

The marathon negotiations on Chinese membership of the WTO are ending. For the government, the hard part may only now be beginning : a report.

World Bank report to defend globalisation

The World Bank is preparing a detailed defence of economic globalisation ahead of its annual meetings next month, which are expected to be besieged by anti-globalisation protesters. The publication-a draft copy of whose conclusions has been seen by the Financial Times-argues that while globalisation produces losers as well as winners, …

Meetings as planned

The World Bank and the International Monetary Fund should devote such time as is required to their joint meeting next month in Washington. To do anything less would be a concession to the organizers of planned protests and a bow to the threat of violence by a small band of …

W.T.O. tries to end work in China case

Set back by last-minute squabbles and thrown off schedule by ripple effects of the terror attacks in the United States, trade negotiators here are racing to tie up a host of technical loose ends by Monday so that China can join the World Trade Organization.

IMF and World Bank to shorten talks

The World Bank and the International Monetary Fund have decided to drastically shorten their autumn meetings because of concern about violent protests, as Washington officials plan to ask the federal government to underwrite a massive expansion of the city's security effort during the sessions.

Unido offers support to Tenth Plan

The United Nations Industrial Development Organisation (Unido) has pledged support to the Tenth Five-Year Plan with a four pronged development strategy.

Trade activists plan ocean protest at WTO meeting

Anti-globalisation activists are planning a flotilla of protest boats to land in Qatar during World Trade Organisation meetings in an effort to halt the launch of a new trade round. In what could be one of the most ambitious anti-globalisation protests, organisers are also preparing demonstrations against stock exchanges and …

Report chides creditors on debt relief

A World Bank internal report said some creditors have been slow to hop abroad an ambitious international program aimed at relieving the high debt burdens of poor nations.

State to make best use of Central scheme

The Karnataka State Government is preparing an elaborate proposal to secure the maximum benefit out of the "Sampoorna Grameena Rozgar Yojana", expected to be launched by the Union Government shortly.The need to tap the scheme to the optimal level is said to have arisen following the successful implementation of the …

World Bank's policy goals under fire

The World Bank is conducting a disciplinary investigation of one of its highest-ranking economists, who sharply criticized the bank's record on fighting poverty in a recent book and newspaper opinion article.

200 m euro aid for India

India will receive 200 million euro for the sarva shiksha abhiyan from the 15-nation European Union. In keeping with it policy of according top priority to education in developing countries, EU has agreed to provide the aid, in addition to the 150 million euro for the current five year district …

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