Malnutrition Not Due to Cash Poverty Alone

The World Bank set its US ‘dollar-a-day’ poverty line using its 1990 data. Despite many doubts and criticisms, its poverty numbers fell until the COVID-19 pandemic began in 2020.

International Day of Forests
‘Now is the time for decisive, collaborative action’

The Forest Declaration Assessment Partners have called for urgent reforms to the international financial system to halt deforestation and protect biodiversity. It has also pitched for redirecting the public subsidies to mitigate the direct and indirect environmental risks from both public and private finance.

Funding Disruptions Are a Systemic Failure – Philanthropy Must Do What’s Right and Support Local Leadership

The slashing of US aid funding by Donald Trump and Elon Musk, and cuts or planned cuts in international support by several European states, threaten to cut off the oxygen supply to a civil society already in a critical condition. At CIVICUS, the global civil society alliance, activists and grassroots groups have shared with us time and again that shifting and volatile donor priorities are one of the top funding challenges they face, alongside limited resources for strategy and restricted funding.

Agriculture for Economic Resilience During Political and Financial Crisis – The Case of Bangladesh

The recent student movement in Bangladesh demanding reform of the quota system for public jobs led a ‘march of the people’ towards the official Residence of the Prime Minister Sheikh Hasina on 5th of August 2024. The security forces of the country, including the army, refused to open fire on the marching crowd. Fearing an imminent attack on her residence without the protection of the army, Sheikh Hasina fled to neighbouring India after being in power continuously since 2008. With Sheikh Hasina fleeing to India on 5th of August 2024 her authoritarian and corrupt rule of 15 years just melted away.

America First Deepens World Stagnation

Donald Trump’s Make America Great Again (MAGA) appeal captured US mass discontent against globalisation. In recent decades, variations of America First have reflected growing ethnonationalism in the world’s presumptive hegemon.

Civil Society at the Finance in Common Summit Calls for Community-led, Equitable, and Human Rights-based Development

As public development banks gather for the Finance in Common Summit (FiCS) in Cape Town, South Africa, civil society and community activists from across the world are demanding a shift to a community-led, equitable, and human rights-based development approach, that prioritise people and planet over profit, and a reform of the global financial architecture.

An ‘Exorbitant Privilege’ for All?

Ending US dollar dominance alone will not end monetary imperialism. Only much better multilateral arrangements to clear international payments can meet the Global South’s aspirations for sustainable development.

African Countries Urged to Plug Wealth Loss, Stop Illicit Financial Flows

Africa loses billions of dollars annually through illicit financial flows, resulting in the continent failing to improve the lives of millions of people despite vast mineral wealth, according to experts. Agencies say more needs to be done to turn the continent's natural resources into prosperity at a time governments are struggling to address challenging economic conditions that have spawned high poverty levels.

Unlocking SDG Success: How Better Data Can Develop Africa

That one in three Africans will not be counted as countries failing to meet census deadlines is a huge setback for development planning.

Geopolitical Uncertainties Cloud World Economic Prospects, UN Report Says

In the past few years, the world economy has made significant strides in mitigating inflation, unemployment, and poverty. Despite this, global growth has yet to regain its pace from before the pandemic.

Financing for Development Priorities Today

The forthcoming fourth United Nations Financing for Development conference must address developing countries’ major financial challenges. Recent setbacks to sustainable development and climate action make FfD4 all the more critical.

New Geopolitics Worse for Global South

The new geopolitics after the first Cold War undermines peace, sustainability, and human development. Hegemonic priorities continue to threaten humanity’s well-being and prospects for progress.

Bangladesh in Crisis: Which way out?

This piece is not about the crisis or the chaos that the country is now facing after successfully toppling the autocratic regime of Sheikh Hasina. Rather, it is about the crisis of confidence and social capital or trust — interlinked, nonetheless.

New Approaches Urgently Needed to Tackle Resurgent Social Crises

Despite uneven economic recovery since the pandemic, poverty, inequality, and food insecurity continue to worsen, including in the Asia-Pacific region, which used to fare better than the rest of the Global South.

Western Finance Ruining Economies of the Rest

Western financial policies have been squeezing economies worldwide. After being urged to borrow commercial finance heavily, developing countries now struggle with contractionary Western monetary policies.

World Inequality Still Rising Despite Some Convergence

Despite earlier income convergence among nations, many low-income countries (LICs) and people are falling further behind. Worse, the number of poor and hungry has been increasing again after declining for decades.

IMF isn’t doing enough to support Africa: billions could be made available through special drawing rights

At the 2021 UN Climate Summit, Barbados prime minister Mia Mottley called for more and better use of special drawing rights (SDRs), the International Monetary Fund’s reserve asset.

Civil Society Fights Against Budget Cuts Amid Calls for “Aid” Reform

Multiple conflicts, the climate emergency and other crises are destabilising many parts of the world and intensifying the strain on the resources needed to finance the global sustainable development agenda. Amid these challenges, data from 2023, shows that Official Development Assistance (ODA) reached a record-breaking US$223.7 billion, up from US$211 billion the previous year, according to Eurodad.

IPEF: Much Ado about Nothing

After 2.5 years, US President Joe Biden’s Indo-Pacific Framework for Prosperity (IPEF) is increasingly irrelevant due to its own limitations and broader US foreign policy shifts.

To Put a Stop to Siphoning off Money, Start with Data

The commonly used Bangla phrase for siphoning off money out of the country – “taka pachar” – is rather misleading. Because taka, the Bangladeshi currency, is never taken out of Bangladesh. It’s not useful anywhere else. What goes out is its equivalence in foreign currencies, especially, US dollars. The technical term for such criminal act is Illicit Financial Flows (IFFs). Mistakenly, sometimes IFFs are referred to as money laundering – a processing of criminal proceeds to disguise their illegal origin.

Odious Debts: What Can Bangladesh Learn from Ecuador?

Bangladesh’s White Paper committee will review foreign loan deals signed by the fallen kleptocratic regime. We recommend that it identifies and declares the loans or portions of loans that did not benefit the nation as unpayable, because they were siphoned off the country by corrupt politically powerful elites, or worse used to buy deadly weapons and surveillance equipment to oppress people. Such loans are “odious” – they stink and are detestable.