Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.
The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
Congo's Minister for Women Promotion and Integration in Development, Catherine Embondza Lipiti has appealed to different stakeholders in the country to promote and protect the rights of girls, particularly with regard to education.
Despite the significant evolution made in improving girls' access to education and keeping them at school during the completed 20 years, a lot of disadvantaged girls still do not benefit from this fundamental right, she said Saturday as Congo observed International Day of the Girl Child.
'In our societies, at the same time as a woman is educated at least up to elementary level, this positively reflects on the social and economic life of the household and the family. This is as well an chance to the society and to the economy of the country,' the minister observed.
- Key Facts
Ambassador: H.E.Mr.Daniel Owassa
Full name: Republic of the Congo
Population: 4.1 million (UN, 2011)
Area: 342,000 sq km (132,047 sq miles)
Major languages: French, indigenous African languages
Major religions: Christianity, indigenous African beliefs
Life expectancy: 57 years (men), 59 years (women) (UN)
Monetary unit: 1 CFA (Communaute Financiere Africaine) franc = 100 centimes
Main exports: Oil, timber, plywood, sugar, cocoa, coffee, diamonds
GNI per capita: US $2,150 (World Bank, 2010)
Internet domain: .cg
International dialling code: +242
At the same time as a statement by the world’s most influential development agency provides evidence that a lot of of its staff are “biased” in their perceptions of the poor and their needs, one may expect eyebrows to be raised. At the same time as the president of that institution — the World Bank, no less — acknowledges the flaw and goes on to call for “measures to mitigate these biases, such as additional rigorously diagnosing the mindsets of the people we are trying to help”, jaws should be dropping.
The World Bank has cut its estimate for world increase, warning that the world economy remained overly reliant on the “single engine” of the US recovery.
The Bank said it expected lower oil prices to provide a boost to world activity. But it warned several headwinds would mitigate the result of the falling cost of crude. These include weak confidence part consumers and businesses and the inability of large central banks to cut interest rates below their record-low levels to boost inflation expectations.
The country (Republic of the Congo) is situated in Western Africa, bordering the South Atlantic Ocean, between Angola and Gabon. It has borders with Angola for 201km, Congo (Kinshasa) for 2410km, Central African Republic for 467km, Cameroon for 523km and Gabon for 1903km. Land in Republic of the Congo is coastal plain, southern basin, central plateau, northern basin.
Congolese or Congo land covers an area of 342000 km².The climate is tropical with a rainy season (March to June) and a dry season (June to October), with persistent high temperatures and humidity; it is particularly enervating climate astride the Equator.
Congolese (singular and plural) speak French (official), Lingala and Monokutuba (lingua franca trade languages), a lot of local languages and dialects (of which Kikongo is the majority widespread).
Brazzaville is the capital and major city of the Republic of the Congo and is located on the Congo River. As of the 2001 census, it has a people of 1,018,541 in the city proper, and about 1.5 million in total when including the suburbs located in the Pool Region.The populous city of Kinshasa (additional than 10 million inhabitants in 2009),capital of the Democratic Republic of the Congo, lies just across the Congo River from Brazzaville.
President Denis Sassou-Nguesso
- Banking / Investment
- China Africa Relation
- Construction projects
- Petroleum / Mining
- Stock Market / Finance
- Construction / Infrastructure
- Congo Brazzaville News
- ECONOMY: Revised IMF forecasts signal gloom on global economic outlook
- SOCIAL / CSR: Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016
- HEALTH: Ebola virus: Congo seeks private sector involvement in fight against Ebola
- EDUCATION: Congo's Minister for Women Promotion and Integration in Development, Catherine Embondza Lipiti
- ENVIRONMENT: Forum recommends development of green economy in Central Africa
- SOCIAL / CSR: United Nations Development Programme (UNDP)
- Trending Articles
- SOUTH AFRICA: South Africa has ensured that the National Development Plan
- GHANA: Ghana Produces First Locally-Made Vehicles
- NIGERIA: Nigeria: Local Content Policy Should Boost Local Production
- CHINA: China largest importer of farm products from Brazil in 2014
- ZIMBABWE: Zimbabwe No Joy for Newzim Steel in 2015
- NIGERIA: Nigeria Collapse of the Manufacturing Sector
- EVENT: South Africa has ensured that the National Development Plan
- MANUFACTURING: Ghana Produces First Locally-Made Vehicles
- MANUFACTURING: Nigeria: Local Content Policy Should Boost Local Production
- BUSINESS / TRADE: China largest importer of farm products from Brazil in 2014
- INDUSTRY: Zimbabwe No Joy for Newzim Steel in 2015
- MANUFACTURING: Nigeria Collapse of the Manufacturing Sector