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.
A leading geothermal expert warns that the small island states in the Caribbean face “a ticking time bomb” due to the effects of global warming and suggests a shift away from fossil fuels to renewable energy is the only way to defuse it.
Fifty-five percent of the world’s poor still have limited protection from hunger and economic, social or political crises despite expansion of social safety programmes in developing countries in recent years.
Just days ahead of a summit of the BRICS group of emerging economies (Brazil, Russia, India, China and South Africa) in which the five countries are expected to formally launch their New Development Bank (NDB), 40 NGOs and civil society groups have penned an open letter to their respective governments urging transparency and accountability in the proposed banking process.
In 2007, an op-ed in the International Herald Tribune argued that you “gotta have faith in the U.N”.
As the leaders of the BRICS five meet in the Russian city of Ufa for their annual summit Jul. 8–10, their agenda is likely to be dominated by economic and security concerns, triggered by the continuing economic crisis in the European Union and the security situation in the Middle East.
In a major paradigm shift, the German government is now placing its bets on digitalisation for its development cooperation policy with Africa, under what it calls a Strategic Partnership for a ’Digital Africa’
For an entire month beginning in February 2015, a group of between 40 and 50 residents of the Durgapur Village in the northern Indian state of Uttarakhand would gather at the site of a hydroelectric power project being carried out by the state-owned Tehri Hydro Development Corporation (THDC).
The 7.8 magnitude earthquake that shook Nepal in April, and the numerous aftershocks that followed, left the country with losses amounting to a third of its economy.
According to new data released by the World Bank Tuesday, investments in infrastructure in 139 emerging economies shot up to 107.5 billion dollars in 2014, with just five countries – Brazil, Colombia, India, Peru and Turkey – accounting for 73 percent of the total.
Secretary-General Ban Ki-moon, an unrelenting advocate of sustainable energy for all (SE4All), once dramatised the need for modern conveniences by holding up his cell phone before an audience in the Norwegian capital of Oslo and asking: “What would we do without them?”
Every afternoon, Wahyu sets up his wooden food cart by the side of a busy road in Central Jakarta to sell sweet buns, known as ‘bakpao’, to people passing by. In a good month, the street vendor can make around 800,000 rupiah, which amounts to roughly 62 dollars.
Vegetables grown in the lush soil of this quiet agricultural community in central Kenya’s fertile wetlands not only feed the farmers who tend the crops, but also make their way into the marketplaces of Nairobi, the country’s capital, some 150 km south.
In our work at Greenpeace and the Oakland Institute around access and control over natural resources, we face constant accusations of being anti-development or “Northern NGOs who care more for the trees”, despite working with communities around the world, from Cameroon, to China, to the Czech Republic.
While many countries appear to have met the U.N. Millennium Development Goal (MDG) of halving the proportion of people without sustainable access to safe drinking water, rights activists say that African countries which have taken to installing prepaid water meters have rendered a blow to many poor people, making it hard for them to access water.