Illicit financial flows (IFFs) hurt all countries, both developed and developing. But poor countries suffer relatively more
, accounting for nearly half the loss
of world tax revenue.
IFFs refer to cross-border movements of money and other financial assets obtained illegally at source, e.g., by corruption, smuggling, tax evasion, etc. This often involves trade mis-invoicing
and transnational corporations’ (TNCs) transfer pricing
via ‘creative’ accounting or book-keeping.
March, women’s history month, closes with the Generation Equality Forum in Mexico and against the background of significant setbacks on the empowerment of women caused by the COVID-19 pandemic.
The World Meteorological Organization’s (WMO) Hurricane Committee decided at its annual meeting to retire four tropical cyclone names from its rotating list after assessing the record-breaking hurricane 2020 season.
The world is emerging from the biggest social and economic shock in living memory, but it will be a long time before the deep scars of the COVID-19 pandemic on human well-being fully heal.
In the Asia-Pacific region, where 60 per cent of the world lives, the pandemic revealed chronic development fault lines through its excessively harmful impact on the most vulnerable. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) estimates that 89 million more people in the region have been pushed back into extreme poverty at the $1.90 per day threshold, erasing years of development gains. The economic and educational shutdowns are likely to have severely harmed human capital formation and productivity, exacerbating poverty and inequality.
The conflict in Syria is now ten years old. A decade of death, destruction, displacement, disease, dread and despair. I have spoken to Syrians in many parts of the country in recent weeks.
COVID-19 has set back the uneven progress of recent decades, directly causing more than two million deaths. The slowdown, due to the pandemic and policy responses, has pushed hundreds of millions more into poverty, hunger and worse, also deepening many inequalities.
The Bangladesh National Seed Board has approved the release of the newest biofortified zinc rice variety in the country: the BRRI dhan100. This latest zinc rice variety was developed by the Bangladesh Rice Research Institute
(BRRI). HarvestPlus assists BRRI in crop development and breeder seed production of biofortified zinc rice.
Nobel Laureate Joseph Stiglitz, Juan Somavia, Jeffrey Sachs, Jose Antonio Ocampo and more than 100 high-level development experts have issued a statement protesting insurance corporations suing Argentina and Bolivia over the reversal of their failed pension privatizations at closed sessions of the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank. If Argentina and Bolivia lose the disputes, it means that impoverished citizens and elderly pensioners will have to compensate wealthy financial corporations. Read their letter:
A compilation of testimonies collected by Blanca Velázquez Díaz and published by the Ebert Foundation (available at: http://library.fes.de/pdf-files/bueros/mexiko/17328.pdf
) offers an account of the harsh reality by which some workers of the maquila industry in the Mexican state of Morelos have gone through over these last twelve months. Their words reflect, undoubtedly, similar experiences of millions of workers in different parts of the country.
In March 2014, Noemi N. took her own life inside a refuge camp in Ciudad Juarez, Chihuahua, where up until now there are no specialized shelters for victims of human trafficking.
It’s been just over a year since the Colombian government launched
its landmark price stabilization fund. With a budget of $64 million, the fund was designed to provide a hedge against low prices by subsidizing farmers during periods when prices dropped below production costs.
Imagine it is 2025 and that, unfortunately, another pandemic is sweeping the world. Much like in the 2020 crisis, borrowers have seen their livelihoods upended and are struggling to repay loans.
2020 will be remembered as the year that changed the world, as COVID-19 spared no country, no community, and no person. As the pandemic continues in 2021, there is recognition that some groups are impacted more than others, not just by the virus itself, but also by the socio-economic and access inequities exacerbated by global shutdowns. Globally, countries, and organisations are seeking to build back better and address inequities.
We should be well on the way to solving the climate crisis by now.
According to the Paris Agreement, last year should have been the year that all countries presented their commitments to cut carbon emissions for limiting global climate heating to within 1.5oC of pre-industrial levels.
At least 85 poor countries will not
have significant access to coronavirus vaccines before 2023. Unfortunately, a year’s delay will cause an estimated 2.5 million avoidable deaths in low and lower-middle income countries. As the World Health Organization (WHO) Director-General has put it, the world is at the brink of a catastrophic moral failure
Global food systems have been failing most people for a long time, and the COVID-19 pandemic has made a critical situation even worse. 265 million people are threatened by famine, up 50% on last year; 700 million suffer from chronic hunger; and 2 billion more from malnutrition, with obesity and associated diet-related diseases increasing in all world regions.
It’s now almost three months since the United Kingdom entered into a new trade agreement with the European Union.
During that time, we’ve seen traders struggle to get to grips with the new arrangements. From lorry drivers having their sandwiches confiscated
by Dutch customs officers to estimates of additional paperwork costs of $7 billion a year
, and pig breeders watching their meat rot on the quayside
for want of the correct forms.
This World Water Day
, we celebrate the value of water, which at first might be a given: after all, water is the basis of all life. Without water we have no health, wealth, equality, or education.
In the midst of a global pandemic, when the presence of water in our lives has never seemed more important, its future availability has also never been more uncertain.
The global community is celebrating World Water Day 2021
. In the COVID-19 pandemic era, the importance and value of water for all people has never been clearer. Access to safe water is essential for public health and thriving communities.