Iceland’s gender bond last month caused great excitement in the capital markets community. While gender bonds have been increasing in popularity within the private sector, Iceland is the first country to issue a sovereign gender bond. Many in the development community are however asking, are gender bonds the solution to financing for gender equality?
We are living in a world of multiple crises of inequality, climate breakdown and conflict. Billions of people globally are facing huge hardship. Whole governments, too, are virtually bankrupt,
with extremely high debt levels forcing them to implement brutal and deeply unpopular cuts and tax rises for ordinary people.
3.3 billion people live in countries that spend more on debt interest payments than on either education or health.
Thousands of Nigerians have taken to the streets to protest against bad governance, corruption, soaring inflation, and the rising cost of living, in what has been termed "10 Days of Rage" and believed to mirror Kenyan protests organized by the youth.
Nigeria, Africa's most populous country and a major exporter of crude oil, citizens claim that the benefits of the country's resources do not trickle down to the masses but to a group of corrupt politicians.
The Economic Community of West African States (ECOWAS) was founded in 1975 to promote economic integration in the region. Forty-nine years later, the regional bloc boasts significant successes in integration, peace and security and good governance, but also faces some challenges.
The International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) are complicit in the gross human rights violations and death of democracy in Bangladesh. They continued to supply financial blood line to the regime, well-documented for its
corruptions,
human rights violations – such as forced disappearances and tortures in custody – and
riggings of votes, including
politicization of state institutions in its
slide into autocracy. This is despite their professed commitment to transparency, accountability and good governance (
IMF,
World Bank,
ADB).
The number of organisations that bring together fisherwomen who seek to be recognised as workers, make their harsh reality visible and escape the vulnerability in which they live is growing in Chile.
Preparations are ongoing for the upcoming
Summit of the Future, probably the most consequential initiative of UN Secretary General Antonio Guterres so far.
“Daily squabbles at the lone water point in Bhubaneswar’s slums, where hundreds of households depended on this single non-potable water source, have now receded into the past,” says Aparna Khuntia, a member of a large cohort of water volunteers who have played an important enabling role in ensuring households in the eastern India city now have their own on-premises potable running tap water available all 24 hours.
It’s risky to try to protect the environment in authoritarian Cambodia. Ten young activists from the Mother Nature environmental group
have recently been given long jail sentences. Two were sentenced to eight years on charges of plotting and insulting the king. Another seven were sentenced to six years for plotting, while one, a Spanish national banned from entering Cambodia, was sentenced in absentia.
Economic performance in Asia and the Pacific has proved to be quite resilient to the shocks of the past few years – the COVID-19 pandemic, the ongoing wars in Ukraine and Gaza, and the cost-of-living crisis. In 2023, the region’s economy drove over 60 per cent of the global economic growth.
Global warming, widely believed to be a universal crisis, will actually impact girls and women far more than boys and men. It is already known that we live in a patriarchal world, one in which men are afforded far greater opportunities for success while women generally hold less societal power and have access to fewer resources. This especially pertains to developing countries in which agriculture related work, usually delegated to females, depends on a variety of environmental factors and subsequently, significantly hurts their livelihoods.
Following the recent Africa Cup of Nations (AFCON) tournament in Ivory Coast, a continent-wide campaign has emerged on social media challenging the tournament's main sponsor, TotalEnergies, over its involvement in the East African Crude Oil Pipeline (EACOP).
The decade-and-a-half-long battle for life in the so-called Volta Grande (Big Bend) of the Xingu river, a stretch of the river dewatered by the Belo Monte hydroelectric power plant in the Brazilian Amazon, has a possible solution, albeit a partial one.
Many low-income countries (LICs) continue to slip further behind the rest of the world. Meanwhile, people in extreme poverty have been increasing again after decades of decline.
As the African diaspora continues its growth, agencies are seeking ways to tap into this vast demographic to help with the continent's development.
Remittances from millions of Africans scattered across the globe have been hailed for sustaining local economies, but a new initiative is aiming to form upscale diaspora investments for longer-term economic development.
Heading into the traditional dry period of winter in southern Africa, there was significant consternation due to the drastically below average rainfall the region has been experiencing since January 2024.
Kenya’s President William Ruto has withdrawn the tax-increasing Finance Bill that sparked mass protests. He has
sacked his cabinet and the head of the police has
resigned. But the anger many feel hasn’t gone away, and protests continue.
The protests have brought Kenya’s Gen Z onto the political stage, with young people – over 65 per cent of the population – at the forefront. Since the protests began, they’ve made full use of social media to share views, explain the impact of proposed changes, organise protests and raise funds to help those injured or arrested.
Setting up a community water project with a solar-powered pumping system was an unlikely idea for the peasant families of a Salvadoran village who, despite their doubts, turned it into reality and now have drinking water in their homes.
The International Seabed Authority (ISA) has enormous importance as responsible for the fate of the largest, and most untouched, biome on the Planet. Ahead of elections for its leadership, governments cannot ignore that its current Secretary-General has become the subject of both media investigations and criticism from other parts of the UN.
Cities, once thought to be modern utopias that foster innovation, inclusivity, and commerce, actually ended up being hubs for environmental degradation. Although the concept of urban living is inextricable from humanity, there are proposed ways to make them less environmentally taxing. One such solution is the idea of a sustainable city, otherwise known as a metropolis that effectively consumes fossil fuels and disposes of emissions with regards to the longevity of the planet as well as the economic wellbeing of its citizens. Cities can also be considered sustainable so long as they curb the consequences of consumption through means such as recycling or using healthier energy sources. Although this sounds like a simple path forward in Earth’s journey of decarbonizing, we must take a plethora of issues into consideration, such as transportation, housing, manufacturing, trade, and comfort.