Latin American economies will need 100 years to catch up with industrialised countries if they do not address rampant corruption, weak rule of law and poor education, says the Inter-American Development Bank (IDB).
Developing countries whose economies depend on oil and mining have among the worst records on reducing poverty, a leading U.S.-based development group said Wednesday. It urged the World Bank to back away from financing these sectors.
The World Bank says it is weighing new measures to offset a severe economic blow dealt to the world's poorest nations by last month's terrorist attack in the United States.
The world economy was on course to its worst annual performance since 1993 even before this month's terror attacks in the United States, according to the International Monetary Fund (IMF).
The world economy was on course to its worst annual performance since 1993 even before this month's terror attacks in the United States, according to the IMF.
Activists upset over the imposition of user fees for basic services in developing countries are welcoming a pilot decision by U.S. lawmakers to strengthen Washington's opposition to the practice, and vow to continue their battle as the bill winds its way through Congress.
Would-be partners in a U.S.-led crusade against terrorism, especially Muslim and Middle Eastern states, face a political minefield.
Amina Ahmed, a 23-year old student at American University here, says she may give up wearing an Islamic veil, stop going to the Dar Al-Hijra mosque near the city, and otherwise try not to be identified as a Muslim - "at least for a while."
Amina Ahmed, a 23-year old student at American University here, says she may give up wearing an Islamic veil, stop going to the Dar Al-Hijra mosque near the city, and otherwise try not to be identified as a Muslim - "at least for a while."