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SNC-Lavalin Debarred from World Bank Work for a Decade
2013-05-01 17:19:42| ENR.com: Headline News
In the most recent fallout over allegations of corruption at Montreal-based SNC-Lavalin Inc., the global engineering and construction firm and more than 100 of its affiliates have been debarred from working on World Bank projects for 10 years, according to a negotiated settlement between the firm and the bank.
The End of Poverty? The World Bank and the Shared Prosperity Agenda
2013-04-26 21:09:00| Climate Ark Climate Change & Global Warming Newsfeed
World Resources Institute: Within our lifetimes, the world could be free of widespread, extreme poverty, replaced instead with shared prosperity and environmental and fiscal balance. That was the vision World Bank President Jim Yong Kim outlined at his first Spring Meetings in Washington, D.C. last week. In a period of economic uncertainty, social exclusion, and climate and environmental crises, these goals hold immense promise. At the same time, for an institution already grappling with its redefined role in the coming...
World Bank Hints New Strategies at Development Committee Meeting
2013-04-21 14:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The World Bank gave the first hints of its new strategies crafted under the presidency of Jim Yong Kim during a development committee meeting yesterday, Russian Deputy Finance Minister Sergei Storchak said. The poverty-fighting lender, with projects ranging from building bridges to education and health-care loans, plans to focus on specific areas where it has an obvious competitive edge, Storchak told reporters today in Washington. He was attending the spring meetings of the bank and International...
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Global finance officials endorse World Bank target to end poverty
2013-04-20 19:34:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Global finance officials on Saturday endorsed a new World Bank goal to end extreme global poverty by 2030 and emphasized that its focus should be on ensuring that the poorest benefit from strong growth and rising prosperity in developing nations. "For the first time in history we have committed to setting a target to end poverty," World Bank President Jim Yong Kim said on Saturday following a meeting of the World Bank's Development Committee. "We are no longer dreaming of a world free of poverty;...
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World Bank, IMF Link Urbanisation with Development
2013-04-18 02:36:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: Two of the world's largest multilateral institutions have released new data linking greater urbanisation with higher levels of human development, and are announcing that they will place greater priority on issues of urbanisation in coming decades. According the World Bank and International Monetary Fund (IMF), urban areas in the developing world look set to pull in a staggering 96 percent of the additional 1.4 billion people expected in those countries by 2030. According to some metrics, that...
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