Finance

Weak Agriculture Finance Feeds Malnutrition in Zimbabwe

Successive poor harvests have diminished Ndodana Makhalima's household food stocks and the family’s nutrition status.

A subsistence farmer in Lupane, about 110 kilometres north of Zimbabwe’s second city, Bulawayo, 56 year-old Makhalima has learnt to live with hunger on his door step.

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.

Zimbabwe’s Climate Change Ambitions May be Too Tall

With the U.N. Climate Change conference later this year in Paris fast approaching, Zimbabwe's climate change commitments face the slow progress on an issue that continues to stalk other developing countries – climate finance.

Opinion: European Federalism and Missed Opportunities

"A serious political and social crisis will sweep through the euro countries if they do not decide to strengthen the integration of their economies. The euro zone crisis did not begin with the Greek crisis, but was manifested much earlier, when a monetary union was created without economic and fiscal union in the context of a financial sector drugged on debt and speculation.”

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.

Opinion: Mandela Day – Where Do We Stand Today?

Today Jul. 18 is Mandela Day, the annual international day in honour of the late Nelson Mandela, the first democratically-elected President of the Republic of South Africa.

Financial Inclusion Key to Climate Risk Reduction for Zambia’s Smallholders

In the advent of unpredictable weather, smallholder rain-dependent agriculture is increasingly becoming a risky business and the situation could worsen if, as seems likely, the world experiences levels of global warming that could lead to an increase in droughts, floods and diseases, both in frequency and intensity.

Opinion: The ACP at 40 – Repositioning as a Global Player

In his memoirs, Glimpses of a Global Life, Sir Shridath Ramphal, then-Foreign Minister of the Republic of Guyana, who played a leading role in the evolution of the Lomé negotiations that lead to the birth of the African, Caribbean and Pacific (ACP) Group of States, pointed to the significant lessons of that engagement of developed and developing countries some 40 years ago and had this to say:

Corporate Tax Dodging Cheats Africa Out of 6 Billion Dollars, Says Oxfam

G7-based companies and investors cheated Africa out of an estimated six billion dollars in a year through just one form of tax dodging, according to a new Oxfam report ‘Money talks: Africa at the G7’, released Jun. 2.

Opinion: Finance Like a Cancer Grows

It is astonishing that every week we see action being taken in various part of the world against the financial sector, without any noticeable reaction of public opinion.

Opinion: The Crisis of the Left and the Decline of Europe and the United States

The victory of the Conservative Party and the debacle of the Labour Party in the recent British general elections is yet another sign of the crisis facing left-wing forces today, leaving aside the question of how, under the British electoral system, the Labour Party actually increased the number of votes it won but saw a reduction in the number of seats it now holds in Parliament (24 seats less than the previous 256).

EU Calls for Paradigm Shift in Development Cooperation

In the run-up to the international Conference on Financing for Development from Jul. 13 to 16 in Addis Ababa, Ethiopia, the European Union has called for a “true paradigm shift” in global development cooperation.

Opinion: Lack of Trade Finance a Barrier for Developing Countries

Up to 80 percent of global trade is supported by some form of financing or credit insurance. Yet in many countries there is a lack of capacity in the financial sector to support trade, and also a lack of access to the international financial system. Therefore the ability of these countries to use simple instruments such as letters of credit is limited.

Opinion: The ‘Acapulco Paradox’ – Two Parallel Worlds Each Going Their Own Way

The world is clearly splitting into two parallel worlds, with each going their own way, in what we could call the ‘Acapulco paradox’.

Opinion: Greece and the Germanisation of Europe

At last, on Tuesday Feb. 24, the Eurogroup (of eurozone finance ministers) approved the Greek government’s commitment to a programme of reforms in return for extending the country’s bailout deal.

OPINION: Banks, Inequality and Citizens

Every day we receive striking data on major issues which should create tumult and action, but life goes on as if those data had nothing to do with people’s lives.

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.

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