Category Archives: African Development Bank
(November 21, 2011) An article in the Daily Maverick argues that the proposed Grand Inga Dam in the DR Congo is a “beautiful vision” that would “fix Africa” by “lighting up the heart of darkness”, powering African industries and forcing countries to rely on each other. Continue reading
In clear, uncompromising language the book explains where progress went wrong and the remedies needed to prevent foreign aid from doing more of the same in the future.
(April 20, 2004) A debt relief program for the world’s poorest countries is facing a $7.8 billion funding shortfall, mostly from the World Bank, a U.S. Congressional watchdog told lawmakers on Tuesday. Continue reading
(September 1, 2003) Overwhelmed by complaints of failed water projects due to official corruption, the African Development Bank (ADB) has announced the cancellation of 80 per cent of its projects in the country. Continue reading
(August 10, 2002) We are not surprised at the reported high levels of corruption under Chiluba regime, International Monetary Fund (IMF) resident representative Mark Ellyne has said. Continue reading
(Jul 4, 2002) Nigeria cannot sustain a trillion-naira budget without major long-term macro-economic distortions, the World Bank’s Chief Economist, Mr. Nick Stern, said yesterday. Continue reading
(November 25, 1995) For 5O years government guarantees have allowed the World Bank and its sister development banks to amass the world’s riskiest loan portfolios. Three months ago, the weakest of these sisters, the African Development Bank, was downgraded. And now for the first time, the World Bank admits that many of its own loans can’t be paid back. Continue reading