If India Stopped Growing, Would the IMF and World Bank Say So?

Leading economic indicators have slowed or reversed. Criticisms of official statistics are mounting. But the IMF and World Bank continue to forecast 6-percent growth by simple extrapolation.

UN Turns to Global Investors for Billions Needed for its 2030 Development Agenda

A Republican US Senator of a bygone era was once quoted as saying “a billion here, a billion there, and pretty soon you're talking about real money.”

Industrial Policy Still Relevant

Industrial policy refers to the promotion of new investments and technology by governments to encourage the growth and development of specific economic sectors. However, scepticism persists about the feasibility and desirability of using industrial policy, especially of the ability to ‘pick winners’, often accused of leading to ‘propping-up failing industries’.

Development Banks Needed to Finance Sustainable Development

Public or state development banking will be vital to achieving the Sustainable Development Goals, argues UNCTAD’s Trade and Development Report 2019 (TDR 2019). Ongoing World Bank led efforts seek to leverage private finance via shadow banking by using public money to guarantee handsome returns managed by giant investment houses. Such financialization introduce new costs and risks to financing investments for sustainable development, decent work and renewable energy.

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today.

Africa’s Investment Drive Gathers Pace

Headwinds are blowing amid IMF warnings of a “synchronised slowdown” in global economic growth, yet Africa’s investment drive is still gathering pace, supported by intense international competition in development finance.

2019 Africa Investment Forum: African Development Bank and partners gear up for new heights

In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda.

OECD Tax Reform Proposal Could Be Better

The OECD Secretariat published its proposed ‘unified approach’ to reform international tax rules to address tax challenges posed by digitalization on 9 October 2019. Under current rules, there is little chance of a company being taxed without its physical presence in the country concerned. But digitalization enables many businesses to remotely conduct economic activities affecting a national economy without a direct physical presence.

Global Climate Change Investment Heavily Tilted Towards Mitigation and Low on Adaptation

Good news: the graph depicting climate investments has been steadily increasing. Climbing from the 2012 figure of $360 billion in climate investments across the world to close to $600 billion currently.

Africa’s Mineral Wealth May Just have to Stay in the Ground to Protect a Changing Climate

As a result of climate change, resource extraction industries in Africa will be impacted by asset stranding, researchers say.

The Rise of Phantom Investments

According to official statistics, Luxembourg, a country of 600,000 people, hosts as much foreign direct investment (FDI) as the United States and much more than China. Luxembourg’s $4 trillion in FDI comes out to $6.6 million a person.

Getting out of a Jam in Dhaka

Bangladesh’s capital has some of the worst traffic in the world. But hope is on the way in the shape of a new mass rapid transit system.

Countercyclical Fiscal Policy Needed to Counter Global Economic Downturn

A conjuncture of developments, short- and medium-term, have conspired to further slow the world economy. In recent months, the International Monetary Fund (IMF), among others, has acknowledged that global economic prospects are worsening, forcing it to make not one, but at least five consecutive growth forecast revisions, all downward.

Investments to Cushion African Countries against Climate Shocks Not Enough

African Development Bank (AfDB) President Akinwumi Adesina unveiled millions of dollars of new pledges at the United Nations this week amid growing fears of climate change ravaging the continent and derailing anti-poverty targets.

Africa’s Industrial Development: Turning Challenges into Opportunities

When world leaders gathered in New York for the 70th session of the General Assembly back in 2016, and proclaimed the period 2016-2025 as the Third Industrial Development Decade for Africa (IDDA III), it reaffirmed the importance of industrialization in supporting Africa’s own efforts towards sustained, inclusive and sustainable economic growth and accelerated development.

World’s Hard Fought Battle Against Climate Change

UN Secretary-General Antonio Guterres describes the ongoing crisis as a “climate emergency”-- as the world continues its hard fought battle against devastating droughts, floods, hurricanes and rising sea levels that threaten the very existence of small island developing states located in low-lying areas.

Rural Bangladesh Families Spend 2.0 Billion Dollars on Climate Change ― Dwarfing Government & International Finance

In an alarming imbalance struggling families in rural Bangladesh spend almost US$2 billion a year on preventing climate-related disasters or repairing damage caused by climate change ― far more than either the Bangladesh government or international bodies.

Key Changes in International Agriculture and Rural Development Issues: Three Priority Areas in the Context of the 2030 Development Agenda

Transformations in international agricultural and rural development issues Some major changes in international agricultural and rural development over the last 30-40 years need to be taken into account in efforts to promote sustainable development and an inclusive rural transformation (IFAD 2016) as we approach the third decade of the millennium. This opinion piece, drawing on a longer article published in Agriculture for Development Journal (Summer 2019 Issue), seeks to stimulate reflection and debate on how work to support agricultural and rural development can evolve to address key challenges and opportunities related to migration, sustainable urbanization and youth in a changing global policy context.

How a Bangladesh Non Profit for Leprosy Made its Members Completely Self-Sufficient

The 20^th International Leprosy Congress just wrapped up in Manila, Philippines last week. Alongside policy makers, diplomats, medical researchers, doctors, donors and academics, several Hansen's disease-affected people’s organisations also participated in the 3-day congress that was co-sponsored by The Nippon Foundation (TNF) and Sasakawa Health Foundation (SHF).

Developing Economies’ Subordinate Financialization

Rapid financial globalization is due not only to financial innovations, but also to choices made by national policymakers, often with naïve expectations, trusting promoters’ promises of steady net inflows of financial resources.

African Development Bank Plans for a Self-sufficient, Integrated and Industrialised Continent

Arama Sire Camara, a fruit and vegetable seller in the province of Kindia, some 135 km from the Guinean capital of Conakry, feels safer trading well into the night thanks to the Rural Electrification Project, financed by 21-million-dollar investment by the African Development Bank. “With lighting on the road at night and illuminating our goods, it means we are safer, especially with all the cars on the road. You can work for longer after nightfall, and so we can make more of our products,” she says.