Christoph
30-10-06, 23:14
By Lesley Wroughton
WASHINGTON, Oct 30 (Reuters) - Economic growth in Africa is strong, exports are increasing and more people have access to health and education, but the continent is still battling high poverty rates, a new World Bank report said on Monday.
The bank's annual Africa Development Indicators for 2006 report said progress in halving poverty rates by 2015 is posing a challenge for most African countries, with nearly half of the continent's people still living below the poverty line.
The report said there were fewer conflicts on the continent, economic performance had improved and a dozen or so "high performers" had clearly emerged with growth rates of over 5 percent a year.
"Despite progress, a lot more needs to be done especially in the areas such as governance, civil society, private sector development, and human development, to make economic growth sustainable, less exposed and more resilient to shocks," the report said.
For more go to:
http://today.reuters.com/News/CrisesArticle.aspx?storyId=N29183081
WASHINGTON, Oct 30 (Reuters) - Economic growth in Africa is strong, exports are increasing and more people have access to health and education, but the continent is still battling high poverty rates, a new World Bank report said on Monday.
The bank's annual Africa Development Indicators for 2006 report said progress in halving poverty rates by 2015 is posing a challenge for most African countries, with nearly half of the continent's people still living below the poverty line.
The report said there were fewer conflicts on the continent, economic performance had improved and a dozen or so "high performers" had clearly emerged with growth rates of over 5 percent a year.
"Despite progress, a lot more needs to be done especially in the areas such as governance, civil society, private sector development, and human development, to make economic growth sustainable, less exposed and more resilient to shocks," the report said.
For more go to:
http://today.reuters.com/News/CrisesArticle.aspx?storyId=N29183081