Yunus regrets offer to be nominated as World Bank chief

Nobel Laureate Professor Muhammad Yunus on Friday quietly turned down the nomination offer for the position of World Bank chief, after Bangladesh prime minister requested European Parliament delegation to nominate micro-finance pioneer. A visionary for banking for the rural poor, specially empowerment of women, Yunus declined to take the helms of affairs of the multi-lateral [...]

Gambia Settles for AU Peace Council

The Gambia has settled for membership in the African Union’s Peace and Security Council as President Yahya Jammeh pulled out from AU chairmanship bid to focus ‘on domestic politics’. In a press statement, The Gambia’s foreign affairs ministry says the country has been elected from the West African region for the period 2012 to 2014. [...]

How to underdevelop a nation: IMF-EU prescription for Greece

There are signs not just in Greece and Portugal, but across Southern and Eastern Europe that popular uprisings may be inevitable in spring-to-summer 2012. Following the second bailout package of Greece, it now seems inevitable that Portugal too will need one as well. Portugal’s government has asked Germany for a second bailout, but the Merkel [...]

APRM panel to audit Tanzania’s governance commitments

AU A Country Review Mission (CRM) of the African Peer Review Mechanism (APRM), from the African Union (AU) will visit Tanzania from 24 February to 15 March this year to review how the country has performed its commitments to the governance process. A press release issued in Dar es Salaam yesterday by the Executive Secretary [...]

US Iran-for-Syria deal – 2012

On 3 February 2012, Russia denied that it was considering a US deal to permit an American-sponsored hit on Iran in exchange for non-Western intervention in Syria. Moscow insisted that it would not engage in backroom deals to back stab its Middle Eastern allies. This announcement came one day after Russia called the UN Security [...]

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