Tag Archives: African economies

Will Africa Leave the World Bank Behind?

Governments across the continent are looking for new development models after the policies of privatization and liberalization seem to have run their course. The arrival of Jim Yong Kim as president of the World Bank bearing promises of a cultural revolution comes at a critical time for Africa’s prospects. Africa is now the world’s fastest-growing continent, but questions about policy …

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A New Burst of Energy in Africa’s Industrial Activity

Carlos Lopes, the executive secretary of the United Nations Economic Commission for Africa (ECA), often talks about Toblerone, the famous chocolate bar manufactured in Switzerland by Kraft Foods, an $18 billion company. Cocoa for Toblerone bars is imported, probably from Africa, where 70% of the world’s cocoa is harvested. Mr. Lopes once pointed this out to Côte d’Ivoire’s president, Alassane …

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