Finance

OPINION: Obstacles to Development Arising from the International System

As the international community wades into the political discussions regarding the alternatives to the Millennium Development Goals (MDGs) after 2015 and the design of the Sustainable Development Goals (SDGs) as mandated by the Rio+20 conference, it is timely to consider the question of whether development is a matter mostly of individual effort on the part of nation-states or whether there are elements in the international economic system that could serve as significant obstacles to national development efforts.

Despite Crisis, Europe Continues to Protect Its Banksters

More than six years after the global financial crisis broke out, European Union (EU) countries continue to protect banks and investments funds from tougher rules, despite abundant evidence of recurrent criminal or reckless activities in the sector, and new accumulation of enormous financial risks.

A Strange Tale of Morality: Banks, Financial Institutions and Citizens

It is a great pity that, beside opening the doors to ethics, social justice and peace, Pope Francis does not also give indications of updating  traditional theology. The most urgent task is to update the Seven Deadly Sins.

Downsizing Finance: The Mother of All Bubbles

As our climate destabilises, floods inundate cities, wildfires burn forests, droughts kill our crops and manmade radioactive isotopes leach into our soil and water, many accountants and policy analysts are waking up. They are joined by NGOs, civic leaders, whistle-blowers and a few public-minded politicians.

Internal Audit Warns of IMF Politicisation by the U.S.

The International Monetary Fund (IMF)’s internal auditor has criticised the Fund’s recent policy on foreign currency reserves, and has offered an implicit warning that the United States’ outsized influence within the institution has resulted in policy that was insufficiently evidence-based.

Money for Salt: How the Country of the Young Is Failing Its Elderly

Carolina Poalo strikes the dry earth over and over with her hoe, her frail body bent almost double. She is determined to begin planting. During the long, dry season in Mozambique, she and her two young grandchildren have eaten little but cassava leaves.

Cash Grants Replace Food Aid for Niger Families in Need

When her name is called, Rékia Djibo leaves the group of women gathered in front of the school in Toula, and takes a confident step towards the door. Djibo is one of the recipients of a cash transfer from the World Food Programme here on the outskirts of the southwestern Niger city of Tillabéri.

Bangladesh ‘Fixes’ Grameen Microcredit

Laboni Vhoumik’s lingerie manufacturing unit in the Gopai village of Noakhali district, about 180 km outside the capital, is a forceful argument in favour of the Grameen Bank microcredit model that fosters female entrepreneurship and also relies on it.