The International Monetary Fund executive board on Monday approved plans for the institution to issue its first bonds, a move that boosts its arsenal in battling a global financial crisis.

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The World Bank said on Wednesday its lending soared 54 percent to a record $59 billion (35.8 billion pounds) in the fiscal year ended June 30, as more developing countries rocked by the global financial crisis turned to it for aid.

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allAfrica: African news and information for a global audience

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Zimbabwe’s former finance minister Simba Makoni on Wednesday launched a new opposition party that promises to “clean up” the country’s political landscape.

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(Adds details, quotes by spokeswoman, analyst)

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Who is the voice of the Republican Party’ According to a new USA TODAY/Gallup poll, no one, really.

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Puffins living in one of the most remote places in Britain are to be fitted with GPS tracking devices to help scientists to discover why their numbers are falling.

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World Bank President Robert Zoellick said on Tuesday that financial markets are showing signs of stabilization, but warned that the global crisis was far from over in developing countries.

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Satori World Medical, a global health care company specializing in the emerging multi-million dollar medical tourism industry, announced that Josef D. Woodman, one of the medical tourism industry’s most renowned experts, lecturers and authors, has joined the company’s Strategic Advisory Board (SAB).

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Taking a harder line on its power-sharing deal with President Robert Mugabe’s ZANU-PF party, the opposition party boycotted a cabinet meeting on Monday.

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