Financial Crisis

UN at 80: Civil Society Must Have a Say in the Struggle for Renewal

As the high-level opening week of the UN General Assembly unfolds, with heads of states delivering often self-serving speeches from the UN’s podium, the organisation is undergoing one of its worst set of crises since its founding 80 years ago. This year’s General Assembly – ostensibly focused on development, human rights and peace – comes as wars are raging across multiple continents, climate targets are dangerously being missed and the institution designed to address these global challenges is being hollowed out by funding cuts and political withdrawals.

Beware Independent Central Banks

US President Trump’s snide barbs against his appointee, US Federal Reserve Bank Chairman Jerome Powell, have revived support for central bank independence – long abused by powerful finance interests against growth and equity.

Overtourism: Civil Society Mobilising

It’s peak holiday season across Europe and North America, and people are hitting the beaches and crowding into city centres in ever-increasing numbers. They’re part of a huge industry: last year, travel and tourism’s share of the global economy stood at US$10.9 trillion, around 10 per cent of the world’s GDP.

Inequality Worsens Planetary Heating

The accumulation of still growing greenhouse gas emissions (GHG) in an increasingly unequal world is accelerating planetary heating. It is also worsening disparities, especially between the rich and others, both nationally and internationally.

Soaring Demand for Electric Vehicles, Lithium-Ion Batteries Creates Environmental Crisis in DRC

Electric vehicles contribute to an ongoing environmental and humanitarian crisis in the Democratic Republic of the Congo (DRC). Mining operations cause deforestation, pollution, food insecurity and exploitative labor practices.

3.4 Billion People Left Behind: Interest Payments Now Outpace Education Spending in Half the World

Today, 3.4 billion people live in countries that spend more on debt interest payments than on health or education. This marks a trembling indication that the United Nations’ promise for the 2030 Agenda could be slipping away.

Less Investment, Less Aid: How FDI Shortfalls are Hurting Global Relief Efforts

The world is losing interest in investing in others, especially when it comes to humanitarian aid. Foreign Direct Investment (FDI) has slowed to critical levels, weakening emerging markets and further slowing growth across developing nations.

Time to Redesign Global Development Finance

Can the Fourth International Conference on Financing for Development (FFD4) be a turning point? The stakes are high. The international financial system—so important to each and every one of us—feels out of reach and resistant to change, because it is deeply entrenched in unjust power imbalances that keep it in place. We deserve better.

While Population Rises, Jobs Decline: Global Job Markets Tied to U.S. Consumerism

While Asia and the Pacific seem to be booming in employment and GDP growth, reports reveal a possible volatile and fragile market pegged to U.S. consumerism.

Portugal: No Longer an Exception to Europe’s Far-right Rise

For decades, Portugal stood as a beacon of democratic stability in an increasingly unsettled Europe. While neighbours grappled with political fragmentation and the rise of far-right movements, Portugal maintained its two-party system, a testament to the enduring legacy of the 1974 Carnation Revolution that peacefully transitioned the country from dictatorship to democracy. It was long believed that Portugal’s extensive pre-revolution experience of repressive right-wing rule had effectively inoculated it against far-right politics, but that assumption is now demonstrable outdated. An era of exceptionalism ended on 18 May, when the far-right Chega party secured 22.8 per cent of the vote and 60 parliamentary seats, becoming the country’s main opposition force.

Can East Asia Show the Way?

With two-fifths of the world economy, East Asia can inspire others by creatively responding to the US President’s tariff challenge by promoting fair, dynamic and peaceful regional cooperation.

A Premium Is What Africa Pays for Poor Credit Perception

Many African countries are perceived as a credit and investment risk. As a result, they are paying higher borrowing costs than developed countries. African countries often fail to attract international investment and finance as a result of poor credit ratings by international agencies. Only Botswana and Mauritius, out of the 55 African countries, receive an investment grade rating. Lenders view the rest as having 'junk' status, indicating a high risk of loan default. As  a result,  lenders will demand a  higher interest rate to compensate for the perceived increased risk of the borrower.

Trump Accord Sows Discord in US Empire

US President Donald Trump has deliberately sown discord worldwide in attempting to remake the world to serve supposed American interests better. He will not cede influence, let alone power and control, to other nations, let alone people.

World Immunization Week Highlights the Urgency of Global Vaccine Access

For 2025, the theme of World Health Immunization Week (24-30 April), “Immunization for All is Humanly Possible”, emphasizes the need to eradicate disparities in access to vaccines, particularly for children. By encouraging governments to implement vaccination programs at the local and national levels, the World Health Organization (WHO) seeks t0 ensure worldwide access to life-saving vaccines.

Financing for Whom? The Financing for Development Summit Must Address Social Dimensions

The Fourth International Conference on Financing for Development (FfD4) will bring world leaders together to forge a new international consensus on how to finance a better future for all. Yet, in practice, the first drafts of its outcome reveal a glaring omission: people. Despite rhetoric about inclusivity, the drafts are strikingly weak on social issues, as if financing and macroeconomic policies exist in a vacuum, detached from the lives they impact.

‘Noboa Did Not Receive a Blank Cheque: He Will Have to Show Tangible Results’


 
CIVICUS discusses Ecuador’s presidential election with Jorge Tapia de los Reyes, Coordinator of the Democracy and Politics Department and the Political Funding Observatory of the Citizenship and Development Foundation (FCD). FCD is an Ecuadorian civil society organisation that promotes participation, citizen monitoring and open government.

African Countries Still Underfunding Health by as Much as 50 Percent

The majority of African countries are yet to commit 15 percent of their GDP to funding the health sector, despite the growing disease burden weighing down the continent and two decades after the coming into force of the Abuja declaration on health sector funding.

Trump Wants World to Subsidise US Empire

Donald Trump’s top economic advisor claims the President has weaponised tariffs to ‘persuade’ other nations to pay the US to maintain its supposedly mutually beneficial global empire.

Trump’s ‘Shock and Awe’ Tariffs

US President Donald Trump has again seized global attention by arbitrarily imposing sweeping tariffs on the rest of the world. He reminds us America is still boss, claiming to ‘make America great again’ (MAGA) by ensuring ‘America first’ at everyone else’s expense.

Turkey’s Democratic Uprising: A Generation Takes a Stand

In the heart of Istanbul, a remarkable transformation is underway. What began as student protests following the politically motivated arrest of Mayor Ekrem İmamoğlu has evolved into Turkey’s most significant pro-democracy mobilisation in years. The streets that once pulsed with the routine of daily life now throb with the energy of millions demanding a return to democratic governance.

A Pressure on Silicon Valley: Is the U.S. Ready for a Shift in Tech Dominance?

While the U.S. argues over tariffs, China, Japan, and South Korea are quietly reshaping their tech markets, shifting towards regional dominance – signaling a potential turning point in global tech leadership.

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