The World Bank needs deep reforms to reflect a changing world order

1 week 1 day ago
Former Nigerian finance minister Ngozi Okonjo-Iweala is eminently qualified to lead the World Bank. EFE-EPA/EPA/Gian Ehrenzeller

The sudden resignation of World Bank President Jim Yong Kim has rekindled debate about leadership succession and the mission of the international financial institution.

US president Donald Trump has nominated his preferred candidate, David Malpass, who is known for his sharp criticisms of the World Bank during his tenure as under-Secretary for International Affairs at the Treasury Department. Malpass is also known for his hostile attitude towards China and for being an advocate of protectionist policies.

By nominating Malpass, Trump continues the tradition of having an American lead the multilateral body. This is an outmoded tradition that does not take into account significant changes in the global distribution of power.

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'Innovation Hubs Almost Complete' - Zimbabwe

1 week 4 days ago

By Rejoy Masengedzero

Construction of innovation hubs in six tertiary institutions throughout the country is nearing completion, Higher and Tertiary Education, Science and Technology Development Minister, Professor Amon Murwira said. In an interview in Harare yesterday, Professor Murwira said innovation hubs are meant to bridge the gap between theoretical knowledge and industrial skills.

"We are humbled to announce that Government has finished phase one of the physical construction of innovation hubs in six tertiary institutions in Zimbabwe which are meant to equip students with knowledge and industrial skill," he said.

"We have an industrial skill deficit of 57 percent where our skills and literacy rate are 38 percent and 90 percent respectively," he said.


26 minutes 20 seconds ago
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