Middle East Conflict Fallout Pushes Countries toward US$1 Trillion Fossil Fuel Subsidy Bill, warns UN Development Programme

Developing countries’ efforts to tackle the ongoing effects of conflict in the Middle East carry a high price that leaves little room for critical investments in education, health and other development priorities, according to a new report by the UN Development Programme (UNDP) released today.

UN Peacebuilding Week: Military Expenditure Soars as Funding for Civilian Protection and Prevention Collapses

From June 22 to 26, the United Nations (UN) commemorated its first annual Peacebuilding Week, marking the 20th anniversary of the UN Peacebuilding Commission’s inaugural session. Featuring discussions among world leaders, policymakers, civil society, and advocates, the event explored how collaboration among governments, international organizations, and the private sector can enhance the visibility and effectiveness of peacebuilding efforts worldwide.

Should BRICS+ Lead the Global South?

Leadership of the Global South has gradually declined since the 1980s. Many hope BRICS+ will fill the vacuum, but its purpose and membership suggest such hopes may be misplaced. A repurposed Non-Aligned Movement (NAM) offers the best way forward.

UNCTAD: A Shift of Risk, Geopolitical Tension Weighs on Global Markets Heavier than Trade Policy

Amidst increased geopolitical tensions, the risk of volatile energy markets, trade corridors, and regional stability in the Middle East has garnered more attention than trade policy in terms of its power to alter the global economy, according to new findings from the United Nations Conference on Trade and Development (UNCTAD).

Social Business – It’s Time

June 27-28 is the 16th Social Business Day, observed in Savar (Dhaka) Bangladesh. In June 2024 at the Western Sydney University’s graduation ceremony where I was conferred Emeritus Professor status, I urged the new business graduates to:

• purge the world of the… obnoxious Friedmanite idea that is destroying our planet and tearing our communities apart; • look instead to the “Social Business Model” of Bangladesh’s Nobel Laureate Muhammad Yunus; and • work on the right side of history; stand up for justice and liberation; spread the “moral violence” for peace; and put people and the planet before profit.

Armed Conflict, Funding Cuts and Supply Chain Pressures Deepen Global Hunger Risks

Armed conflict, economic shocks, and climate pressures are driving worsening food insecurity across many of the world's most vulnerable regions, according to the latest Hunger Hotspots report outlook for June-November 2026, jointly released by the World Food Programme (WFP) and the Food and Agriculture Organization (FAO).

Dwindling Humanitarian Aid Devastates the Rohingyas in the World’s Largest Refugee Camp

Nearly nine years after the violent persecution of the Rohingya minority population in Myanmar and the following mass exodus of refugees, over 1.2 million Rohingya currently reside in neighbouring Bangladesh, where they face immense challenges. With the United Nations (UN) recording significant shortfalls in global humanitarian funding, alongside Bangladesh’s diminishing ability to support these populations, experts warn of a deepening humanitarian crisis.

Trump’s World Stagflation Also Undermines Dollar Hegemony

US President Trump’s policies are supposed to make America great again (MAGA), which means different things to various parties. Some of its consequences are inadvertent, including undermining dollar dominance and inducing stagflation worldwide.

World Bank Enables Corruption in Bangladesh

The World Bank considers corruption a major obstacle to eradicating global poverty. The Bank officially has a zero-tolerance policy against fraud and corruption in its projects. Concerned with widespread corruption in Bangladesh, the Bank and the Government agreed on the Governance-oriented Country Assistance Strategy (GCAS) in 2006 and the Bank’s subsequent Country Partnership Strategy (CPS) ostensibly has been more selective on governance and anti-corruption (GAC) issues. Ironically, however, the Bank’s funding enables corruption. The Bank’s recent decision to advance a US$350 million loan allegedly for enhancing energy security is a glaring example.

New US Fed Policy Deepens World Stagflation

The Federal Reserve Bank’s turn to ‘reserve management’ exposes the limited policy options still available as the US seeks to protect itself against international stagflation stemming from President Trump’s policies.

Trump’s Cuts are Pushing the UN out of Geneva. That may be a Win

The $1.2 billion renovation of the Palais des Nations was intended to reaffirm Geneva's centrality to the multilateral system. Instead, the city’s international quarter is emptying.

Faced with a Cash Crisis, UN is Urging Senior Staff to Forgo First Class & Business Class Travel

The United Nations has had a longstanding tradition, described by some as a “privilege”, where most senior staffers are entitled to highly-expensive First Class or Business Class seats on trips worldwide.

Countries Unevenly Impacted by Global Economic Shocks from Mideast Conflict

The ongoing crisis in the Middle East and the closure of the Strait of Hormuz continue to put immense stress and risk on the global economy.

The 3Ds for a Credible Post-2030 Development Agenda

Just four years of the Agenda 2030 for Sustainable Development remain. What comes after 2030 is already a political battleground.

The Tale of Three Countries: Policy Independence Matters for Development

The Republic of Korea (Korea), Vietnam and Bangladesh are on three different rungs of the development ladder. While Korea is a member of the rich nations’ club, i.e., the Organisation for Economic Cooperation and Development (OECD), Bangladesh is still a least developed country (LDC); and Vietnam is in the middle.

Corruption in Bangladesh: Will Development Partners Remain Complicit?

Bangladesh remains one of the most corrupt countries in the world. Its corruption perception index (CPI) score, 24, is 18 points below the global average score of 42, and 21 points lower than the Asia-Pacific region’s average of 45. One of the main sources of corruption is over-priced aid-funded projects as they lack competitive bidding. Projects funded through Government-to-Government deals drive up costs by more than 400% compared to more transparent alternatives, and around 35% of project costs are lost to corruption and inefficiency.

“War-Shock Inflation” and Inflation Phobia: Lessons of History for Central Bankers

The global economy, is at the precipice of “stagflation” – growth slowdown and higher inflation – due to the energy price shock following the illegal US-Israel war on Iran. The International Monetary Fund (IMF) has recently termed this as a “textbook negative supply shock”. For the first time since the 1970s, the prospect of stagflation seems real.

Global Shocks Push Geoeconomics to the Center Stage at Foreign Policy Forum

As war in the Middle East ripples through global markets, policymakers, economists, and industry leaders gathered in Washington this week to agree that economics is no longer separate from geopolitics. It is now its core instrument.

Shipping Industry Seeks Certainty as Experts Back Strong Net-Zero Framework

As global shipping braces for another round of high-stakes negotiations, a volatile mix of rising fuel costs, geopolitical tensions and deep political divisions is testing the fragile consensus around a proposed Net-Zero Framework (NZF) aimed at decarbonising one of the world’s most polluting industries.

Trump Rips off Velvet Glove from Mailed Fist

Trump 2.0 has been marked by the blatantly aggressive exercise of power to secure US interests as defined by him. While many recent trends even predate his first term, his reduced use of ‘soft power’ has exposed his bullying, extortionary use of US power.