{"id":10947,"date":"2012-05-31T22:29:02","date_gmt":"2012-05-31T20:29:02","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/africa-growth-not-enough-to-reduce-poverty-world-bank\/"},"modified":"2012-05-31T22:29:02","modified_gmt":"2012-05-31T20:29:02","slug":"africa-growth-not-enough-to-reduce-poverty-world-bank","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/africa-growth-not-enough-to-reduce-poverty-world-bank\/","title":{"rendered":"Africa growth not enough to reduce poverty -World Bank"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Africa poverty falling too slowly, Giugale says<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Commodity boom not creating jobs<\/p>\n<p><span><\/span><\/p>\n<p>* Nations need to open up pan-African trade<\/p>\n<p><span><\/span><\/p>\n<p>By Tim Cocks<\/p>\n<p><span><\/span><\/p>\n<p>LAGOS, May 31 (Reuters) &#8211; Africa may have enviable economic<br \/>\ngrowth rates by global standards, but they are still not enough<br \/>\nto pull its growing population out of poverty, the World Bank<br \/>\nsaid on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Addressing the media during a visit to Nigeria&#8217;s commercial<br \/>\nhub of Lagos, Marcelo Giugale, World Bank Director of Economic<br \/>\nPolicy and Poverty Reduction Programmes for Africa, was asked if<br \/>\nthe continent was growing fast enough to fight dire poverty.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The short answer is &#8216;No&#8217;. It&#8217;s not enough to reduce<br \/>\npoverty, not by enough,&#8221; he said, adding that the reasons were<br \/>\ncomplex and varied.<\/p>\n<p><span><\/span><\/p>\n<p>The IMF this month revised down its growth forecasts for<br \/>\nAfrica in 2012 to 5.4 percent, lower than previous forecasts.<\/p>\n<p><span><\/span><\/p>\n<p>Africa&#8217;s growth has remained above 5 percent in the last<br \/>\neight years, underpinned by strong prices for its natural<br \/>\nresources, better governance and growing disposable incomes, but<br \/>\npoverty is not falling anywhere near as fast.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Africa poverty falling too slowly, Giugale says * Commodity boom not creating jobs * Nations need to open up pan-African trade By Tim Cocks LAGOS, May 31 (Reuters) &#8211; Africa may have enviable economic growth rates by global standards, but they are still not enough to pull its growing population out of poverty, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10947","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10947"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10947\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}