April 13, 2011
Steelguru.com by Kapembwa Sinkamba — correspondent in Zambia
International lender, World Bank observed that the crisis raging in the Middle East and some countries in North Africa may have long term effects on the growth of the economies on the continent if not redressed without further delay.
The World Bank had for a while now been urging governments to publish information enact Freedom of Information Acts, open up their budget and procurement processes build independent audit functions and sponsor reforms of justice systems.
Mr Robert Zoellick chief of World Bank contended that the crisis besetting the Middle East and North Africa showed that stability of any country can only be guaranteed if the government is more accountable to the people and that greater citizen participation and better governance were are crucial for economic development. Read more…