Economy & Trade

Africans Charged More Than 3.5 Times the “Affordable” Rate for Mobile Data

People living in Africa are charged an average of 7.1 per cent of their monthly salary for a gigabyte (GB) of mobile data, more than 3.5 times the threshold considered affordable.

Going with the Wind: Transition to Clean Energy in Latin America & the Caribbean

The UN Climate Action Summit 2019, which took place in the days leading up to the 74th UN General Assembly, delivered new pathways and practical actions for governments and private sector to intensify climate action.

Red Alert for Blue Planet and Small Island States

Barely a week passes without alarming news of the most recent scientific research into the global climate crisis compounding a growing sense of urgency, particularly the impact on small island states from rising sea levels and extreme weather.

As Urbanisation Grows, Cities Unveil Sustainable Development Solutions

Over half of the world’s population now live in cities, with numbers expected to double by 2050, but while urbanization poses serious challenges, cities can also be powerhouses for sustainable development; something the UN is spotlighting on World Cities Day, marked 31 October. 

Solar Cookers Produce More Than Food for Mexican Women

The sun's rays are also used to cook food and thus replace the burning of firewood and gas, improve the health of local residents and fuel the energy transition towards the use of renewable sources - the objectives of an enterprise in the southern Mexican state of Oaxaca.

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

The Board of Governors of the African Development Bank will hold its fifth extraordinary meeting on Thursday, 31 October 2019, at the Sofitel Abidjan, Hotel Ivoire. During the meeting, the Bank’s shareholders will make signification decisions, and a major announcement is expected.

If India Stopped Growing, Would the IMF and World Bank Say So?

Leading economic indicators have slowed or reversed. Criticisms of official statistics are mounting. But the IMF and World Bank continue to forecast 6-percent growth by simple extrapolation.

UN Turns to Global Investors for Billions Needed for its 2030 Development Agenda

A Republican US Senator of a bygone era was once quoted as saying “a billion here, a billion there, and pretty soon you're talking about real money.”

Industrial Policy Still Relevant

Industrial policy refers to the promotion of new investments and technology by governments to encourage the growth and development of specific economic sectors. However, scepticism persists about the feasibility and desirability of using industrial policy, especially of the ability to ‘pick winners’, often accused of leading to ‘propping-up failing industries’.

More Women in Latin America are Working, but Gender Gap Persists, New UN Figures Show

More women are entering the workforce across Latin America, with an increase in 11 per cent in the last 30 years, putting the region ahead of the curve when it comes to growth in female labour force participation, according to new data published by the United Nations on Monday. 

Climate Change to Further Escalate Violence in Western Africa

Nearly 50 million people in west Africa rely on agriculture and livestock for their livelihood but the land available for pastoral use has been rapidly shrinking.

Governments Must Short Circuit Tobacco Industry’s Pervasive Tactics

The tobacco industry’s new rhetoric that smoking is harmful and that its so-called less risky products will reduce the global tobacco epidemic, should see the industry stop opposing or fighting government efforts to reduce tobacco use. However, this is not the case.

Development Banks Needed to Finance Sustainable Development

Public or state development banking will be vital to achieving the Sustainable Development Goals, argues UNCTAD’s Trade and Development Report 2019 (TDR 2019). Ongoing World Bank led efforts seek to leverage private finance via shadow banking by using public money to guarantee handsome returns managed by giant investment houses. Such financialization introduce new costs and risks to financing investments for sustainable development, decent work and renewable energy.

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today.

Wielding The Magic Wand

I met late professor T.N. Srinivasan (popularly known as TN) a couple of months before he passed away in November 2018. Despite his original contributions to trade theory, ¬development economics, inequality and poverty, he never won the Nobel in economics. His colleague at Yale had once ¬remarked that TN would get not one but two Nobels. I was too much in awe of TN to ask this question but my friend asked him directly if he could think of an Indian economist who might win the Nobel for economics in the near future. He said, “Abhijit but not so soon”. He was right but not entirely.

More than 90 per cent of Africa Migrants Would Make Perilous Europe Journey Again, Despite the Risks

A landmark UN migration study published on Monday shows that 93 per cent of Africans making the journey to European countries along irregular routes, would do it again, despite facing often life-threatening danger.

Agro-tech Offers Answers for African Farmers at Iowa Meet

Experts vaunted new strains of seeds, drone aircraft and other technological breakthroughs as solutions-in-the-making for farmers in Africa, where hunger, drought and food price hikes are continent-wide problems.

Africa’s Investment Drive Gathers Pace

Headwinds are blowing amid IMF warnings of a “synchronised slowdown” in global economic growth, yet Africa’s investment drive is still gathering pace, supported by intense international competition in development finance.

2019 Africa Investment Forum: African Development Bank and partners gear up for new heights

In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda.

Beaten and Tortured for a Ransom, Lured by the Promise of a Livelihood

After his father passed away two years ago, the burden of caring for a six-member family rested on the shoulders of the now 19-year-old Farhad Hossain. He had no clue how he would support his family and pay for the education of his four younger siblings. 

Global Challenges for the ‘NextGen’

Success has many parents – so the saying goes. In the case of the massive successes of international agricultural research, no one person can claim parentage. There are heroes along the way such as Norman Borlaug and his early cereal breeding, and the team that eliminated the cattle disease Rinderpest from the world – smallpox is the only other disease that has been totally eradicated. Another is the founder of The Crawford Fund, Derek Tribe, who was also instrumental in the creation of what is now the International Livestock Research Institute (ILRI), which I chair. However, it would be more correct to highlight the thousands of scientists who have contributed to the world’s greatest feat of feeding an extra three billion people when pundits said it was impossible.

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