WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2010-04-05 Time: 15:00:02 Posted By: News Poster
By Martin Luther Oketch
Kampala – Leaders in Africa have been asked to support the World Bank’s bid to increase its capital in the next five years. Member countries, will gather in Washington next month to chart ways through which the Bank can increase its capitation.
The bank is pursuing a frantic move to boost its capital account as it focuses to support weaker economies that have been affected by the financial crisis.
In a statement early last month, the bank said, members are expected to collectively discuss the general capital increase at the Spring Meetings scheduled between April 24 and 25 in Washington.
Mr Jean Ping, the African Union commission chairman said in a letter: “The World Bank plays a critical role in response to food, fuel and financial crises therefore there is need to keep it empowered in order to continue playing its important role.”
He said there is serious concern about an emerging funding crisis at the bank and steps must be taken to ensure that its financing capacity for developing countries is not constrained.
Africa was seriously affected by the economic crisis ripple effects therefore it should have external support to regain progress that had been made for over 30 years as a result of macroeconomic stability implemented by the African governments.
He said the crisis censored most economic activities across the continent, which resulted into slow growth and the risk of failure to hit the Millennium Development Goals by the year 2015.
Therefore, without the support of partners such as the World Bank, Africa is unlikely to attain its development objectives.
Population growth on the continent has strained resources; hence support should be focused on sustainable housing, health care, education and poverty alleviation.
“Without this much-needed capital infusion, we run the risk of undoing the economic and social progress that many of these economies have made over the last decade,” said Mr Ping.
In an Addis Ababa – Ethiopia summit early this year, African Union leaders, noted that the crisis would constrain the World Bank’s and the African Development Bank’s capacity to aid weak economies to resume growth and economic sustainability.
Original Source: 
Original date published: 5 April 2010
Source: http://allafrica.com/stories/201004050514.html?viewall=1