Source: Vanguard, 22 Sept. 2011
Washington DC (NAN) Only four African countries are likely to achieve the Millennium Development Goals (MDG) by 2015, a World Bank report has revealed.
The report released at the ongoing Annual Meeting of the bank and International Monetary Fund attributed this to accelerated growth and progress on social indicators.
“Four countries: Cape Verde, Ethiopia, Ghana, and Malawi will likely achieve most of the Millennium Development Goals by 2015 or soon thereafter.
“Despite success, serious development challenges remain in Africa,’’ it said.
The report noted that up till date, about half of the populations in Africa lives on 1.25 dollar per day adding that government remained weak.
It added that about 645 women die during pregnancy and child birth per 100,000 life birth.
The report observed that conditions were improving in Africa as maternal mortality had declined by 26 per cent between 1990 and 2009.
“Child mortality rates are also declining, the rate of HIV infection is stabilising , primary school completion rate is rising faster than anywhere else in the world and the percentage of people living in extreme poverty falling,’’ it said.
The report also pointed out that in 2010, the foreign direct investment flows to Africa surpassed those received by India, with international capital inflow rising to 4.6 per cent of Gross Domestic Product.
According to the report, remittances have reached the estimated 21.5 billion dollars.
The World Bank report noted that business climate had improved with three countries in the region namely, Cape Verde, Rwanda and Zambia being among the 10 economies in the world that most improved the ease of doing business in 2010.
“The climate for market –oriented, pro-poor reforms is proving robust and the voice of civil society is getting louder,” it said. (NAN)
Washington DC (NAN) Only four African countries are likely to achieve the Millennium Development Goals (MDG) by 2015, a World Bank report has revealed.
The report released at the ongoing Annual Meeting of the bank and International Monetary Fund attributed this to accelerated growth and progress on social indicators.
“Four countries: Cape Verde, Ethiopia, Ghana, and Malawi will likely achieve most of the Millennium Development Goals by 2015 or soon thereafter.
“Despite success, serious development challenges remain in Africa,’’ it said.
The report noted that up till date, about half of the populations in Africa lives on 1.25 dollar per day adding that government remained weak.
It added that about 645 women die during pregnancy and child birth per 100,000 life birth.
The report observed that conditions were improving in Africa as maternal mortality had declined by 26 per cent between 1990 and 2009.
“Child mortality rates are also declining, the rate of HIV infection is stabilising , primary school completion rate is rising faster than anywhere else in the world and the percentage of people living in extreme poverty falling,’’ it said.
The report also pointed out that in 2010, the foreign direct investment flows to Africa surpassed those received by India, with international capital inflow rising to 4.6 per cent of Gross Domestic Product.
According to the report, remittances have reached the estimated 21.5 billion dollars.
The World Bank report noted that business climate had improved with three countries in the region namely, Cape Verde, Rwanda and Zambia being among the 10 economies in the world that most improved the ease of doing business in 2010.
“The climate for market –oriented, pro-poor reforms is proving robust and the voice of civil society is getting louder,” it said. (NAN)
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