World Bank warns of worldwide jobs crisis

World Bank and the govt: Jobs will be horses, and everybody will ride
IPPmedia
Routine merry go round that is now habitual between top government officials and the donor community was disturbed on Friday, as Tanzania is regularly praised for around seven per cent economic growth, which obviously reflects on excellent economic ...

World Bank Group President Jim Yong Kim.

Significant new assistance planned for hardest-hit countries

Following alarming evidence of the spread of the Ebola epidemic in West Africa, the World Bank Group today announced that it will nearly double its financing to $400 million to help the worst-affected countries address the emergency and build stronger health systems for the years ahead

This represents $170 million in new funding. With today’s announcement, the Bank will put $230 million...

Barclays will axe thousands of jobs and raise bonuses for its investment bankers this year, the under-fire British lender announced yesterday after posting a return to annual profits

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The UN warns that the Central African Republic is heading towards a humanitarian disaster because of religious conflict and overcrowded camps.

>France’s defence minister warned on Saturday that ending sectarian strife in the Central African Republic could take longer than expected as peacekeepers went door-to-door in the capital Bangui seizing weapons from militia.

>Social security funds could be thrown into a pension crisis due to a whopping Sh9 trillion debt the government owes, according to Controller and Auditor General (CAG) Mussa Juma Assad.

>Only a fourth of the world’s workforce have stable contracts, leading to growing job insecurity, a UN report said yesterday.

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