Eye on the IFIs

What can Development Banks do to Protect Human Rights?

In a petition signed by 150 NGOs, the Coalition for Human Rights in Development have called for development banks to make sure that human rights are respected by their beneficiaries.

What Does it Really Mean to “Leave No One Behind”? 

Although “leave no one behind” has become a central rallying cry around the UN's Sustainable Development Goals, more needs to be done for it to be put into practice, civil society said during a review conference of progress made on the Post-2030 agenda here this week.

China-led Development Bank Pledges $500 Million to Asian Projects

The Beijing-based Asian Infrastructure Investment Bank (AIIB), which was launched last year with the aim of funding projects on a continent with some of the world’s most populous nations, has pledged over $500 million in four concessional loans to Bangladesh, Indonesia, Pakistan and Tajikistan.

The Case for Cash in Humanitarian Emergencies

Currently only six percent of humanitarian aid worldwide comes in the form of cash handouts, yet many aid organisations believe that cash transfers should be seen as the rule, not the exception.

Making Sustainability Part of the Corporate DNA

Companies, governments and non-profit actors agree that economic growth and sustainable development have to go hand in hand to shape our increasingly globalised world in a fair way.

Least Developed Countries’ Vulnerabilities Make Graduation Difficult

Last month, over two thousand high-level participants from across the world met in Antalya, Turkey for the Midterm Review of the Istanbul Programme of Action, an action plan used to guide sustainable economic development efforts for Least Developed Countries for the 2011 to 2020 period. The main goal was to understand the lessons learnt by the world’s Least Developed Countries (LDCs) over the past five years and apply the knowledge moving forward.

World Bank Slightly Downgrades Global Economic Prospects for 2016

Global economic growth prospects for 2016 have been downgraded to 2.4 percent, in contrast to the initial 2.9 percent rate expected in January 2016, according to a World Bank report released here Wednesday.

Mega Dams Remain Controversial Source of Energy

Although mega dams can have devastating impacts on ecosystems and indigenous communities, many of the world’s poorest countries still see them as a way to fill gaping holes in their energy supplies.

Toasting to a More Sustainable Planet with Argentine Wine

The region of Cuyo in west-central Argentina is famous for its vineyards. But it is one of the areas in the country hit hardest by the effects of climate change, such as desertification and the melting of mountain top snow. And local winegrowers have come up with their own way to fight global warming.

G20 Finance Ministers Committed to Sustainable Development

Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”.

Europe Invaded Mostly by “Regime Change” Refugees

The military conflicts and political instability driving hundreds of thousands of refugees into Europe were triggered largely by U.S. and Western military interventions for regime change – specifically in Iraq, Afghanistan, Libya and Syria (a regime change in-the-making).

Opinion: Misinformation Hides Real Dimension of Greek “Bailout”

The long saga on Greece is apparently over – European institutions have given Athens a third bailout of 86 billion euros which, combined with the previous two, makes a grand total of 240 billion euros.

Opinion: Crisis, Emergency Measures and Failure of the ISDS System: The Case of Argentina

The investor-state dispute settlement (ISDS) system has come under increasing criticism in recent years.

Opinion: The Sad Historical Consequences of the Greek Bailout

In recommendations to German Chancellor Angela Merkel at the end of July, the German Council of Economic Experts outlined how a weak member country could leave the Eurozone and called for strengthening the European monetary union.

Opinion: A BRICS Bank to Challenge the Bretton Woods System?

The formal opening of the BRICS Bank in Shanghai on Jul. 21 following the seventh summit of the world’s five leading emerging economies held recently in the Russian city of Ufa, demonstrates the speed with which an alternative global financial architecture is emerging.

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