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world bank
  • The World Bank plans to ease lending terms to increase liquidity.
  • Increased disposal income will help reduce global poverty.
  • Countries required to highlight financial inclusivity plans.

The World Bank is “taking bold new steps to increase its lending capacity”, a move that will likely trigger various implications for individuals, businesses, and economies across Africa.

In July, US Treasury Secretary Janet Yellen urged further reform of the World Bank and other multilateral development banks. Yellen said capital increases will be an option once these institutions make changes to increase their capacity to assist nations in addressing climate change and other issues.

At the same time, the World Bank President Ajay Banga stated, “We are moving quickly. While we are constructing a better bank, a larger bank will eventually be required.”

Increased lending by the world’s biggest lender will mean increased liquidity all around the world. What this means is that you …

mahktar diop

Africa has experienced marginalisation and social exclusion since gaining independence from its colonisers. Among the policies developed during the colonisation era was the exclusion of Africans from any level of government, or if they were allowed to join, they joined without authority. This kind of racial discrimination is still being experienced in global workspaces to date. Africa has remained stagnant and regressed in terms of foreign trade, investment, per capita income, and other economic growth measures to date due to the effects of colonisation.

Poor governance and corruption, amongst other factors, have continued to repress Africa’s growth; however, more governments are taking the initiative to improve policies that promote education and health outcomes for their people, thereby reducing social exclusion and marginalisation.…