Zimbabwe needs urgent economic and political reforms to transform its economy amidst a growing national crisis, researchers say in a new study that urges swift policy changes and a sound financial framework to attract investment.
In the grand European political reshuffle of 2019, it turned out that Christine Lagarde was the answer to the conundrum of who should replace Mario Draghi at the European Central Bank. But her move opens another question. Who succeeds Lagarde at the International Monetary Fund?
Workers’ remittances—the money migrants send home to their families—command the attention of economists and policymakers because of their potential to improve the lives of millions of people.
“There are new challenges to all states: among them, the real threat to multilateralism... South-South and triangular cooperation can contribute to a new multilateralism and drive the revitalisation of the global partnership for sustainable development.”
When the Charter of Algiers was adopted 50 years ago, it marked the unity of the Group of 77. This unity has not wavered since then.
The rising Maputo-Catembe Bridge is a hard-to-miss addition to Mozambique’s shoreline.
Getting just a sliver of the global trade in goods and services worth more than 70 trillion dollars, Africans have every excuse to decide to trade among themselves.
Despite bilateral dissonances and an unresolved boundary issue, India and China -- two of the world's most ancient civilisations -- are engaged in vigorous cooperation at various levels. The Asian neighbours' relationship has also focussed global attention in recent years on Asia's demographically dominant, major developing economies engaged in common concerns of poverty alleviation and national development.
The EPA issue has once again re-emerged when, in early July, Tanzania informed East African Community( EAC) members and the European Union (EU) that it would not be able to sign the Economic Partnership Agreement (EPA) between European Union (EU) and the six EAC member states.
The United Nations’ leading development organisation UNCTAD recently obtained a renewed mandate for its work, but not without difficulty.
This is because the developed countries are now much more reluctant to give concessions to the developing countries, thus showing up the present shaky state of North-South relations and of development cooperation.
UN member states “are going beyond rhetoric and earnestly working to achieve real progress” towards the Sustainable Goals, the members of the Group of 77 and China said in a ministerial statement delivered here on 18 July.
The last World Health Assembly (WHA) in Geneva (23-28 May) discussed the manifold global health crises that require urgent attention, and adopted resolutions to act on many issues. We are currently facing many global health related challenges, and as such multiple actions must be taken urgently to prevent these crises from boiling over.
The United Nations will undertake a major review of progress made in the world’s 48 Least Developed Countries (LDCs) later this month.
There is a misconception, by some, that the World Trade Organization (WTO) is a barrier to regional integration. It is one of a number of misconceptions that do not match up with the facts like the perception that the WTO is a rich man's club. Today the WTO has 162 members and rising at all stages of development. 43 of those members are African countries and rising. The organization now covers around 98% of world trade. It is a truly global organization, one where everybody has an equal say. And it is an organization which supports regional integration in Africa. Indeed, I would say that the need for better integration across the continent is indisputable.
Many well-meaning people believe that “good governance” is key to inclusive development. But research claiming that “good governance” is essential for rapid growth suffers from serious methodological or conceptual limitations. Existing definitions are extremely broad, suffer from functionalist tautology, or mainly refer to corruption.
“They have reduced the quantity of food they used to give us and we still do not know why. But we are managing. We are refugees and we have no choice. All they give us is rice and some soya beans” John Guige, a Nigerian resident and primary school teacher in the Minawao refugee camp in Cameroon’s Far North region, told IPS.
For two decades, Dickson Kamau only grew maize on his 0.5 hectare (ha) of land earning himself the nickname Kamau wa mbembe or Kamau who owns maize in his native Kikuyu language.
Sijabuliso Nleya has been kept busy in the past few weeks digging up sand. He is not a sand poacher like scores of people who local district councils across the country say are digging along dry river beds for sand used in the construction of houses. "The situation is terrible," said Nleya, who owns a plot in Douglasdale, a small farming community on the outskirts of Bulawayo.
China’s strength in South-South Cooperation (SSC) lies in its carrying out big-ticket infrastructure projects in diverse developing countries. It is remarkable in terms of project scale, speed and cost-effectiveness and has been playing a positive role in promoting partner’s nation-building, economic development and social progress. However, the swift completion of China’s infrastructure projects also has its sets of problems like little or no paper-work leading to lack of transparency, oversight and post-project monitoring. The backlash against Chinese labourers employed by Chinese companies in developing countries has been routinely highlighted by the international media with allegations of skirmishes with the local population, corruption coupled with resource theft.
The steep fall in global oil prices has hit Gulf economies severely. Saudi Arabia, United Arab Emirates (UAE), Qatar, Bahrain are expected to run huge budget deficits as shrinking revenues from selling cheaper oil cannot fund their mounting expenditures. As they tighten their belts, the brunt of adjustment will be felt by migrants, who constitute the bulk of the labour force. Reforms include cutting fuel, power, water, education subsidies and a value-added tax (VAT). This will affect migrants and reports indicate family members are returning home.
A visit by United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan to Costa Rica paved the way for closer trade ties between the two countries, especially in the areas of tourism and sustainable energy.