Dec 13 2006


Category: Uncategorized<ADMINNICENAME> @ 10:13 PM

In its new forecast for the global economy, the World Bank remains bullish on overall growth for sub-Saharan Africa. Higher prices for commodities, oil and other raw materials are providing a strong foundation for growth in many countries. Aid flows are up too, which helps, and so are remittances — money sent from the millions of Africans living in Europe, the U.S. and the Middle East. How much of this growth is trickling down to ordinary Africans? Not much. But the overall environment for helping the poor in Africa is better than any time in many years. “Robust growth in the region reflects favorable economic conditions and a substantially improved domestic policy environment,” writes the World Bank approvingly in a report released Wednesday.

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