Fears that the impact of the global economic meltdown would affect funding to various development areas have been rife. Already, several governments have cut their budgets for HIV and AIDS and bilateral and multilateral funding partners have done likewise.
The Holy Child Integrated Agricultural Centre, an organic farm near Abeokuta in southwestern Nigeria, was looking forward to having running water. An industrial borehole had already been already installed, and a pump and piping to various buildings were in place.
For 329 million, people shopping with the euro is a part of everyday life. Since its notes and coins were introduced on New Year's Day 2002, this single currency has made it possible to travel across a 16-country zone stretching from Cyprus to Ireland without having to change the money in one's pocket or handbag.
China took over from the United States as Brazil's top market in 2009, indicating a qualitative change for exports from the South American giant, which is increasingly dependent on sales of commodities and food.
Promises made by the European Union (EU) on increasing aid to poor countries will be broken this year, according to new data.
The deep economic, fiscal, and trade crises of several Mediterranean countries in the euro zone that is threatening monetary stability in Europe with the possibility of contagion spreading to developing countries, say studies.
Women and poverty still share an uncomfortable spot on the development matrix of countries across Asia-Pacific that are struggling to end deprivation, according to the newly launched third joint report of the United Nations and the Asian Development Bank (ADB) on the Millennium Development Goals (MDGs).
"I've been working in the streets since I was a girl. My parents didn't send me to school, so it's really hard for me to find a job," says Carol Orozco, 31, who forms part of the veritable army of vendors hawking their wares on the streets of Central America.
Social protection programmes could help alleviate poverty in the Pacific Islands region, but without the help of developed countries, they will not materialise, said an economic expert in this capital of Fiji.
The enormous technical and financial risks involved in the construction and operation of new nuclear power plants make them prohibitive for private investors, rebutting the thesis of a renaissance in nuclear energy, say several independent European studies.
Reckless greed on Wall Street is a dog-bites-man story. Still, the renewed feeding frenzy of the alpha dogs of finance in the embers of the bonfire of their own vanities has inspired amazement and disgust across the political spectrum.
As the financial crisis continued to threaten world economies last year, the White House chief of staff Rahm Emanuel famously declared: "You never want a serious crisis to go to waste."
Poland’s pension cuts on tens of thousands of former communist functionaries and secret police officers are adding fillip to campaigns in other East European states for similar legislation.
Since he dropped out of elementary school, 17-year old Cenen has been making a living for himself driving a borrowed motorised sidecar in the crowded streets of Binondo, a bustling business district in Manila, capital of the Philippines.
Every day, 60-year old Felisa scavenges for garbage around the bustling streets of Manila, the urban capital of the Philippines.
The United Nations is predicting that the world's developing nations will recover faster than industrial countries - even as they both try to struggle out of the post-2007 global financial crisis.
In laying out his priorities for the coming year before a joint session of Congress and millions of viewers Wednesday night, U.S. President Barack Obama made it clear that the focus of administration would be, more than anything else, on domestic issues – and the vital mission of job creation in particular.
Renewable energy projects in the Middle East could be scaled back or scuttled unless fresh sources of financing are found.
In the societies of the future, young people may not start to work until the age of 25, there will be lifelong education for everyone, with university graduation as the starting point rather than the end goal, while working hours could be reduced to 12 hours a week for all.
In the wake of a blizzard of economic hardship across North America, native land of the financial crash of 2008 and ensuing Great Recession, the shapes of other possible worlds are emerging from the drifts. Some are frozen and dystopian, but others may harbour green shoots of hope.
The Czech Republic’s strong heritage of cooperative movements, dating from the interwar period, is serving as inspiration for new initiatives in the post-communist era and acting as "harbingers of a new global economic system".