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Browsing: Korea World Bank Partnership Facility (KWPF)
- 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 …
- Limited internet access is inhibiting the uptake of agricultural innovations across Africa.
- While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.
- Innovative solutions are the key to boosting employment and increasing youth participation in the agricultural sector.
Limited internet access is inhibiting the uptake of agricultural innovations across Africa. This is according to Hon. Frank Tumwebaze, Uganda’s Minister for Agriculture, Animal Industry and Fisheries.
Speaking at the sidelines of the two-day Africa-Korea Agtech Innovation Summit held in Nairobi, Hon. Tumwebaze, said, “While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.”
The Uganda Minister emphasized the role of Governments’ investment in internet penetration across Africa’s rural areas. This will aid in adoption of …