Key Global Financial Agencies Fall Short on Poverty Reduction

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.

Greek State Workers Rally Against Job Cuts

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.

U.S. Executives’ Pay on “Inexorable Upward Climb”

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.

Tunisia Now Searches an Economic Spring

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.

Caribbean Looks at Financial Approach to Combat Climate Change

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.

World Bank, IMF Link Urbanisation with Development

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.

For Climate Action, 2013 “Good as It’ll Get”: Nicholas Stern

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.

Subsidies Play “Significant Role” in Climate Change, IMF Says

The International Monetary Fund (IMF) is urging national governments around the world to roll back or eliminate subsidies on petroleum-based energy sources, estimating that this alone could result in a 13-percent decline in global carbon dioxide emissions.

Cyprus Government Holds Bailout Crisis Talks

Political leaders in Cyprus are working on an alternative proposal to stave off bankruptcy after parliament overwhelmingly rejected an international bailout plan.

Pressure Grows on Washington to Pass IMF Governance Reforms

More than 130 scholars, former government officials and policymakers are calling on the U.S. Congress to enact pending legislation enabling broad governance reforms within the International Monetary Fund (IMF) that would strengthen the voice of developing countries within the institution.

Missing Reform Deadline, IMF Nears “Credibility Cliff”

The International Monetary Fund (IMF) has announced that it will miss an internal deadline to agree on a new formula by which to apportion voting rights in the 188-member institution.

Malawi’s President Faces a Crisis of Confidence

She has taken a personal pay cut, promised reforms, resumed aid flows from Western donors and put her predecessor’s private jet up for sale.

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.

IMF Shift on Capital Controls Belies “Pro-Liberalisation Bias”

Economists and development experts are applauding a new policy by the International Monetary Fund supporting government attempts to control the cross-border flow of money, a major ideological shift for the institution.


Reconsidering Policies and Strategies in the South

There are numerous reasons to believe that the forces that have been driving growth in developing and emerging economies since 2009 cannot be sustained over the medium term. At the same time, it is impossible to return to the extremely favourable international economic conditions that prevailed before the eruption of the global crisis.

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