Trade & Investment

Haitians Worry World Bank-Assisted Mining Law Could Result in “Looting”

With Haiti’s Parliament having dissolved on Tuesday, civil society groups are worried that the Haitian president may move to unilaterally put in place a contentious revision to the country’s decades-old mining law.

Oil, An Invasive Water Species in the Carnival Capital

"We ran down to the beach and found a black tide, whose waves didn’t make the sound of water, but the slurp of a thick paste,” said Alexandre Anderson, describing the oil spill in Guanabara bay in the Brazilian state of Rio de Janeiro which turned him into an activist and leader among the local small-scale fishing community.

St. Vincent Embarks on Renewable Energy Path

For decades, the fertile slopes of La Soufriere volcano, which occupies the northern third of this 344-kilometre-square island, has produced illegally grown marijuana that fuels the local underground economy, and the trade in that illicit drug across the eastern Caribbean.

Women ‘Sewing’ a Bright Future in Northern Pakistan

At 46, Naseema Nashad is starting her life over, not out of choice but out of necessity. The Afghan woman was just 25 years old when Taliban militants stormed Kabul and her family was forced to flee to neighbouring Pakistan to escape what they knew would be a brutal regime.

Bhopal Cloud Hovers Over Industrial Safety in India

Three decades after 40 tons of deadly methyl isocyanate gas leaked from the Union Carbide India Limited plant in the central Indian city of Bhopal on Dec. 3, 1984 – killing an estimated 4,000 almost instantly and maiming and blinding hundreds of thousands of others – the world's worst industrial disaster remains a sharp lesson on the need for greater safety regulations in Asia’s third-largest economy.

OPINION: No Nation Wants to Be Labeled “Least Developed”

Since 1971, Maldives is one of only three countries that have graduated from the ranks of the world’s “least developed countries” (LDCs) – the other two being Botswana and Cape Verde.

Sri Lanka’s Minorities Choose “Unknown Angel” Over “Known Devil”

When the initial results started trickling in a little after midnight on Jan. 9, it still wasn’t clear exactly which way the country would swing: had Sri Lanka’s 15 million eligible voters thrown in their lot with incumbent President Mahinda Rajapaksa for a third term? Or would the desire for change put common opposition candidate Maithripala Sirisena at the helm?

Integrated Farming: The Only Way to Survive a Rising Sea

When the gentle clucking grows louder, 50-year-old Sukomal Mandal calls out to his wife, who is busy grinding ingredients for a fish curry. She gets up to thrust leafy green stalks through the netting of a coop and two-dozen shiny hens rush forward for lunch.

The Rise and Fall of the World’s Poorest Nations

The world's 48 Least Developed Countries (LDCs) - a special category of developing nations created by the General Assembly in 1971 but refused recognition by the World Bank - have long been described as "poorest of the poor" in need of special international assistance for their economic survival.

Spectre of Violence Hangs Over Sri Lanka Polls

As 14.5 million Sri Lankans prepare to select their next leader, there is growing fear that violence could mar the Jan. 8 elections, billed as the closest electoral contest in the island’s history.

OPINION: Sabotaging U.S.-Cuba Détente in the Kennedy Era

I grew up in Hickory Hill, my family’s home in Virginia which was often filled with veterans of the failed Bay of Pigs invasion. 

OPINION: JFK’s Secret Negotiations with Fidel

On the day of President John F. Kennedy’s assassination in November 1963, one of his emissaries was secretly meeting with Fidel Castro at Varadero Beach in Cuba to discuss terms for ending the U.S. embargo against the island and beginning the process of détente between the two countries.

Children Starving to Death in Pakistan’s Drought-Struck Tharparkar District

The main entrance to the Civil Hospital in Mithi, headquarters of the Tharparkar district in Pakistan’s southern Sindh Province, is blocked by a couple of men clad in traditional dress and turbans. They are trying to console a woman who is sobbing so heavily she has to gasp for breath.

Pakistan’s Tribal Areas Demand Repatriation of Afghan Refugees

They number between two and three million; some have lived in makeshift shelters for just a few months, while others have roots that stretch much further back into history. Most fled to escape war, others simply ran away from joblessness.

Sri Lanka Still in Search of a Comprehensive Disaster Management Plan

About six months after a massive tsunami slammed the island nation of Sri Lanka on Dec. 26, 2004, large plumes of smoke could be frequently seen snaking skywards from the beach near the village of Sainathimaruthu, just east of Kalmunai town, about 300 km from the capital, Colombo.

OPINION: We Have So Much to Learn From Cuba

Earlier this month, President Barack Obama announced the restoration of diplomatic relations with Cuba after more than five decades of a misguided policy which my uncle, John F. Kennedy, and my father, Robert F. Kennedy, had been responsible for enforcing after the U.S. embargo against the country was first implemented in October 1960 by the Eisenhower administration.

Poverty and Fear Still Rankle, Ten Years After the Tsunami

It took just 30 minutes for the killer waves to leave 350,000 dead and half a million displaced. Less than one hour for 100,000 houses to be destroyed and 200,000 people to be stripped of their livelihoods.

Falling Oil Prices Threaten Fragile African Economies

The sharp decline in world petroleum prices - hailed as a bonanza to millions of motorists in the United States - is threatening to undermine the fragile economies of several African countries dependent on oil for their sustained growth.

What the U.S. Should Learn from Russia’s Collapse

After months of whispered warnings, Russia’s economic troubles made global headlines when its currency collapsed halfway through December. Amid the tumbling price of oil, the ruble has fallen to record lows, bringing the country to its most serious economic crisis since the late 1990s.

GDP and the Unaccounted for 82 Percent of National Wealth

Virtually all countries use Gross Domestic Product (GDP) as their primary measurement of economic progress and overall societal progress. At the same time, countries express allegiance to the doctrine of sustainable development. This exposes an obvious disconnect.

Changes to World Bank Safeguards Risk “Race to the Bottom”, U.N. Experts Warn

An unprecedented number of United Nations special rapporteurs and independent experts are raising pointed concerns over the World Bank’s ongoing review of its pioneering environmental and social safeguards, particularly around the role that human rights will play in these revamped policies.

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