Debt Burden Continues to Cripple the South

Between 1970 and 2002, the continent of Africa received some US$540bn in loans. However, a United Nations Conference on Trade and Development (UNCTAD) study, Debt Sustainability: Oasis or Mirage? revealed that despite repaying some US$550bn in principal...

Poverty in the Southern Hemisphere

Despite the wondrous technological developments and global wealth generated since the start of the 19th century, billions of people continue to live in the direst conditions of poverty. One of the most prevalent and widely quoted of these poverty measures...

The ongoing persecution of Haiti

Today Haiti is most commonly known for being the poorest country in the ‘western’ hemisphere and a land wracked by destitution and despair. This picture has only been reinforced by the horrific consequences of the January 12th earthquake, 15 kms south-west...

China to lead world economic recovery

A recent World Bank report has suggested that amongst the world’s major economies Share

World Bank upgrades Chinese growth prediction to 8.4 percent

The World Bank has revised its forecast for the Chinese economic Share

Global Financial Crisis – The Road to the Pittsburgh Summit

It may surprise readers to learn that this World Economic Outlook sees global economic risks as having declined since our last issue in September 2006. Certainly this is at odds with many recent newspaper headlines and commentary, which have focused on...

World Bank sees even worse global decline

The World Bank says the global economy will decline by much more Share

Global financial crisis: How New will the New Multilateralism be?

It is safe to assume that many common people of yore might have believed – with typical end-of-tragedy romanticism, that postwar multilateral institutions heralded the advent of an era of understanding among the human beings, and were the touchstone...

World Bank: 50 million forced into extreme poverty

The World Bank on Sunday urged rich countries to hurry up Share

Developing countries need $1 trillion to weather the financial crisis

At least $1 trillion is needed to help developing countries get through the global financial crisis Share