At the same time as the United States, Canada and the European Union announced a set of new sanctions against Russia in mid-December last year, Ukraine received 350 million dollars in U.S. military aid, coming on top of a one billion dollar aid package
approved by the U.S. Congress in March 2014.
As foreign donors drag their feet on injecting badly needed cash into the government’s coffers, local analysts are increasingly worried that this will affect implementation of key development projects that require donor funding.
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.
Mostly unreported as the Ukraine conflict captures headlines, international financing has played a significant role in the current conflict in Ukraine.
The sixth BRICS Summit which has just ended in Brazil marks the transition of a grouping based hitherto on shared concerns to one based on shared interests.
The world of today is considerably different from the one at the end of the Second World War; there are no more any colonies, though there are still some 'dependent' territories.
The Sixth BRICS Summit which ended Wednesday in Fortaleza, Brazil, attracted more attention than any other such gathering in the alliance’s short history, and not just from its own members – Brazil, Russia, India, China and South Africa.
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.
Key multilateral institutions charged with improving regulation of the international financial system are failing to democratise their governance and adequately consider the impact of their actions on the world's poor, says a new report by anti-poverty groups.
Thousands of civil servants have marched through the Greek capital, Athens, and the second largest city, Thessaloniki, amid a two-day nationwide strike against planned job cuts.
Three years after the passage of landmark legislation aimed at strengthening regulation of major U.S. companies, one of the most criticised disparities characterising today's corporate culture – the outsized compensation offered to top executives – continues to grow.
Nearly two-and-a-half years since the toppling of the autocratic regime of Zine el-Abidine Ben Ali in the first regime change of the now famous Arab Spring, the high expectations of change to come with the revolution have hardly been met.
The Caribbean has the unenviable reputation as one of the most disaster-prone regions in the world, a situation exacerbated by climate change and vulnerability that experts warn could have significant economic consequences if unaddressed.
Two of the world’s largest multilateral institutions have released new data linking greater urbanisation with higher levels of human development, and are announcing that they will place greater priority on issues of urbanisation in coming decades.
A confluence of factors could make 2013 the most fruitful opportunity in years – and for years – for potentially major action on climate change, according to a leading voice on climate change policy, the British economist Nicholas Stern.