first_img4 FebruaryThe World Bank is urging developed countries to start a fund to ensure that more resources are made available for African countries to develop the infrastructure they need to sustain economic growth.“Poorer countries need safety net programmes aligned with their ability to put them to good use,” World Bank president Robert Zoellick said in a speech delivered on his behalf at the African Union summit in Addis Ababa, Ethiopia this week.“We need to fund well-designed, efficient programmes that provide income support to the poorest, such as food-for-work, conditional cash transfers and school feeding programmes.”Zoellick said that such a fund would also provide finance for small businesses, that often had a hard time securing funding, even during normal times.Infrastructure investmentInfrastructure has long been identified as a key requirement for any region to realise economic growth, and Africa’s infrastructure needs to be developed to an adequate and efficient standard.The price tag is high however, with the United Nations estimating that more than US$52-billion a year in public and private investments is needed to close the continent’s infrastructure gap by 2010.World Bank Africa vice-president Obi Ezekwesili earlier predicted that growth rates in African economies could fall to half of what they have been in the past few years, as the global economic downturn could dry up important private sector investments that have propelled advances in growth.Ezekwesili pointed out that the African economy had been growing at a rate of 5.8% over the last decade, as compared to negative figures before then.Shielding poor nationsThe World Bank also plans to raise its Innovative Bridge Research and Development lending for developing country borrowers by US$100-billion over the next three years to shield poorer nations from the adverse effects of the global economic downturn.Of this amount, Zoellick said $42-billion would be channelled to African economies.He explained that the decision had been necessitated by a sharp drop in demand for African exports, which are expected to slump by a further two percent this year as the continent adjusts to the global crisis.Decline in foreign investmentIn his speech, Zoellick told African leaders to be ready for a continued decline in foreign direct investments, which were expected to fall by 1.5% on top of last year’s 2.1% drop.“The crisis had raised Africa’s economic challenges to a new height,” he said, adding that the slowdown would affect poverty eradication programmes as well as the Millennium Development Goals of the continent, which were already behind by more than seven years.“The most at risk are households in the poorest countries, where there is least access to safety nets and the greater danger of falling back into poverty,” he said.Employment, human crisisAccording to Zoellick, the financial crisis that grew into an economic crisis was now becoming an employment crisis, and in the coming months it could turn into a humanitarian crisis.“Many of you have already seen the danger signs on top of poverty, hunger and malnutrition we saw last year as a result of soaring food and fuel prices,” he said.Source: BuaNewslast_img read more

first_imgYou can travel nearly anywhere in the world and maybe even to space—without ever leaving your neighborhood: Just release a geocaching trackable and watch it move!A trackable is a geocaching game piece that travels from geocache to geocache. By sending a trackable off on a mission, you can see the world through other geocachers’ logs and photos!You can buy trackables and Geocoins with engraved tracking codes at Shop Geocaching and international retailers. But you’re probably wondering what to do with a single tracking code that isn’t attached to an object yet?Just like a normal trackable, you want to activate the code and give your trackable a mission.Next, attach your tracking code to any object of your choosing. You can engrave it, write it in permanent marker, or add a laminated piece of paper.Make sure to include “Trackable at Geocaching.com” on your homemade trackable so that other geocachers know it’s meant to travel from geocache to geocache. Need some inspiration for your own trackable code? We’ve seen trackable pets, cars, stuffed animals, cakes, and even a drum set. Over 650 geocachers have even taken their love of trackables to a whole other, more permanent level – trackable tattoos! Take a look at these trackables for some ideas! Share with your Friends:More SharePrint RelatedFive reminders about trackablesAugust 28, 2018In “News”The difference between SWAG and trackablesMay 12, 2018In “Geocaching Weekly Newsletter”Groundspeak Weekly Newsletter – August 24, 2011August 24, 2011In “Groundspeak’s Weekly Newsletter”center_img 12345<>last_img read more

first_imgPolls show he would be a frontrunner, trouncing the Polls show he would be a frontrunner, trouncing the unpopular Temer. Officials insist the political chaos will not harm the Olympics.”From the point of view of preparing the Games, the crisis has no effect at all,” Brazils Sports Minister Ricardo Leyser told AFP last week.”Our planning and execution plan was truly very good.”Authorities say most of the building undertaken for the Games has been completed, though construction was overshadowed by the death of 11 workers.Outbreaks of diseases in Brazil including dengue fever and the Zika virus which is said to cause birth defects have also raised Olympic jitters.Beset by political conflict, Rousseff recently called for a truce — as was the tradition in ancient times of war when the Olympic flame arrived.O Globo newspaper reported on Monday that she was considering stepping down and seeking a reform to allow fresh elections in October.That would put pressure on Temer, who has low approval ratings and is hoping to step straight into the presidents chair if she is impeached. AFP AH AHlast_img read more