The upcoming week for the Programme for Infrastructure Development in Africa (PIDA), which runs from November 13-17 in Abidjan, the capital city of Ivory Coast, is set to throw this continent into the full gear of infrastructural boom, development experts here say.
The inclusive and sustainable industrial development (ISID) initiative of the U.N. Industrial Development Organisation to promote industrial development for poverty reduction, inclusive globalisation and environmental sustainability is gaining momentum in the countries of the African, Caribbean and Pacific (ACP) group.
The United Nations Development Programme (UNDP), one of the largest U.N. agencies with an estimated average annual budget of more than five billion dollars, is undergoing major structural changes - triggering large-scale staff layoffs, demotions, salary reductions and downgrading and abolition of existing senior-level jobs.
A recent U.S. court ruling over a fight between Argentina and its creditors on Wall Street will increase global poverty by making it easier for "vulture funds" to seize the assets of indebted nations, according to anti-debt campaigners who are urging the U.S. government to overturn the decision.
A new social programme launched by the Argentine government to fight hard-core poverty is providing unemployed mothers who are heads of households with education, training, work and an income.
Latin America has had a good decade. Over the last 10 years, economic growth averaged 4.2 percent, and 70 million people escaped poverty. Macroeconomic stability, open trade policies and pro-business investment climates have supported and will continue to support strong growth in the years to come.