Need for an Urgent Revision to Bond Contracts and a Debt Workout Mechanism

Argentina signed an agreement in principle on 29 February 2016 with four “super holdout” hedge funds including NML Capital Ltd, Aurelius Capital, Davidson Kempner and Bracebridge Capital. Buenos Aires would pay them a total of about 4.65 billion dollars, amounting to 75 percent of the principal and interest of all their claims of Argentina’s bonds that were defaulted on during the 2001 debt crisis. This deal would allow the return of Argentina to the international capital market after more than 15 years of exclusion.

Food Insecurity in the Far North

“They have reduced the quantity of food they used to give us and we still do not know why. But we are managing. We are refugees and we have no choice. All they give us is rice and some soya beans” John Guige, a Nigerian resident and primary school teacher in the Minawao refugee camp in Cameroon’s Far North region, told IPS.

Improving Rural Livelihoods Boost Agrarian Economies

For two decades, Dickson Kamau only grew maize on his 0.5 hectare (ha) of land earning himself the nickname Kamau wa mbembe or Kamau who owns maize in his native Kikuyu language.

Panama’s Expanded Canal Faces a Challenging Scenario

When the new locks of the expanded Panama Canal begin operations, they will do so amidst numerous challenges, because of the storm clouds hanging over the global economy, especially China. But local authorities and experts are not worried about the possible impact on the expanded canal.

Malawi’s Refugee Crisis

Imagine fleeing from your home because you feel unprotected by the people who are required to do so by law. And when you get to where you feel safer, the very same people come to persuade your keepers to let you come back with them, claiming you are running away from nothing! Well, this is the situation some 5,800 Mozambican nationals have found themselves in. Hundreds of them, including unaccompanied children, have been fleeing from Tete Province, near the Malawi border, since late last year following renewed fighting between government forces and opposition Renamo fighters.

Groundwater Crisis Worsens Food Insecurity

Sijabuliso Nleya has been kept busy in the past few weeks digging up sand. He is not a sand poacher like scores of people who local district councils across the country say are digging along dry river beds for sand used in the construction of houses. "The situation is terrible," said Nleya, who owns a plot in Douglasdale, a small farming community on the outskirts of Bulawayo.

Argentina’s Ties with China: Pragmatism over Politics

Argentina’s new government is reviewing several major projects to be carried out jointly with China. But aside from a few changes in priorities, the administration is not expected to put the brakes on an alliance that Beijing classifies as strategic.

Evolving Nature of China’s South-South Cooperation

China’s strength in South-South Cooperation (SSC) lies in its carrying out big-ticket infrastructure projects in diverse developing countries. It is remarkable in terms of project scale, speed and cost-effectiveness and has been playing a positive role in promoting partner’s nation-building, economic development and social progress. However, the swift completion of China’s infrastructure projects also has its sets of problems like little or no paper-work leading to lack of transparency, oversight and post-project monitoring. The backlash against Chinese labourers employed by Chinese companies in developing countries has been routinely highlighted by the international media with allegations of skirmishes with the local population, corruption coupled with resource theft.

Gulf migration at an inflexion point

The steep fall in global oil prices has hit Gulf economies severely. Saudi Arabia, United Arab Emirates (UAE), Qatar, Bahrain are expected to run huge budget deficits as shrinking revenues from selling cheaper oil cannot fund their mounting expenditures. As they tighten their belts, the brunt of adjustment will be felt by migrants, who constitute the bulk of the labour force. Reforms include cutting fuel, power, water, education subsidies and a value-added tax (VAT). This will affect migrants and reports indicate family members are returning home.

ACP countries unite on empowerment of rural women and youth

Women make up, on average, over 40 percent of the agricultural labour force in the developing world and yet typically they do not have sufficient access to critical resources and services to become as productive as their male counterparts. In fact, across all regions, rural women and girls continue to face significant discrimination compared with men and boys, with women being more likely than men to hold poor quality jobs and benefit less from agricultural value chains.

Costa Rica, UAE Cement Relations with Energy and Tourism

A visit by United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan to Costa Rica paved the way for closer trade ties between the two countries, especially in the areas of tourism and sustainable energy.

Novel Joint Committee Enhances Relations between the UAE and Panama

The visit by the United Arab Emirates foreign minister, Sheikh Abdullah bin Zayed Al Nahyan, to Panama ended Thursday Feb. 11 with the creation of a novel Joint Cooperation Committee on trade and investment.

Eight Cooperation Accords Strengthen Ties between Colombia and UAE

“I am honoured to be in Colombia at a time when important steps towards peace are being taken,” the foreign minister of the United Arab Emirates, Sheikh Abdullah bin Zayed Al Nahyan, said after meeting with Colombian President Juan Manuel Santos.

Cameron at large: Want Not to Become a Terrorist? Speak Fluent English!

“Do you speak English fluently? No? Then you risk to become a terrorist!.” IPS posed this dilemma to some young Muslim women living in Cairo, while explaining that this appears to be UK prime minister David Cameron's formula to judge the level of Muslim women's risk to fall, passively, into the horrific trap of extremism.

United Arab Emirates Strengthens Ties with Argentina’s New Government

The new government of Argentina and the United Arab Emirates (UAE) are strengthening the relationship established by the previous administration, at a time when this South American country is seeking to bring in foreign exchange, build up its international reserves and draw investment, in what the authorities describe as a new era of openness to the world.

Women’s Rights First — African Summit

Despite the enormous challenges facing Africa now, the leaders of its 1.2 billion plus inhabitants have decided to spotlight the issue of Human Rights With a Particular Focus on the Rights of Women in their 26th summit held in Addis Ababa on 21-31 January this year. Why?

The Lesson from Davos: No Connection to Reality

The rich and the powerful, who meet every year at the World Economic Forum (WEF), were in a gloomy mood this time. Not only because the day they met close to eight trillion dollars has been wiped off global equity markets by a "correction". But because no leader could be in a buoyant mood.

Caribbean Biodiversity Overheated by Climate Change

The nearly 7,000 islands and the warm waters of the Caribbean Sea are home to thousands of endemic species and are on the migration route of many kinds of birds. Preserving this abundant fauna requires multilateral actions in today’s era of global warming.

Floods Pose Challenge for South American Integration

The flooding that has affected four South American countries has underscored the need for an integrated approach to addressing the causes and effects of climate change.

Foreign Direct Investment: Myths and realities

Foreign direct investment (FDI) is perhaps one of the most ambiguous and the least understood concepts in international economics. Common debate on FDI is confounded by several myths regarding its nature and impact on capital accumulation, technological progress, industrialization and growth in emerging and developing economies.

Mexico to Export Nixtamalisation of Grains to Africa

Every day in the wee hours of the morning Verónica Reyes’ extended family grinds corn to make the dough they use in the tacos they sell from their food truck in Mexico City.