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Aid, Debt & Development

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Levels of international aid have been criticised as seriously insufficient for over 50 years, debt cancellation programs have failed to reach most developing countries, and the Millennium Development Goal for halving poverty will not be met by 2015. Without a fundamental restructuring of global economic priorities, the needs of the majority world will continue to be overshadowed by commercial interests.

Latest Articles

Will Development Goals Ever Be Enough?

Governments must accept that the root causes of poverty, inequality and climate change will never be addressed without substantial reforms to the global economy. In the meanwhile, the post-2015 development goals need to be much more ambitious about preventing avoidable poverty-related deaths within an immediate timeframe.   

9. Cancel Unjust Debt

This section of the report 'Financing the Global Sharing Economy' argues that debt cancellation is an essential prerequisite for ensuring a more equitable sharing of global financial resources, and the absolute and unconditional cancellation of unjust debts should constitute an urgent priority for the international community.

5. Increase International Aid

This section of the report 'Financing the Global Sharing Economy' argues that there can be no justification for advanced economies redistributing so little of their national incomes to assist those living in extreme poverty around the world, and presents the need for a much more generous vision of international aid.

What Would a Global Campaign on Industrial Policy Look Like?

As the Cambridge economist Ha-Joon Chang argues, industrial policy is the proverbial 'Prince' that is missing from 'Hamlet' in discussions about development. So should NGOs work out a global campaign on industrial upgrading, or is that just too weird and abstract to work? By Duncan Green.

A New Debt Crisis in the South? Hope for Permanent Solutions

After three decades of sovereign debt crises in the Global South, debt has grown more complex and we are still unable to fight back. But measures could be taken to break the trap and fix the global financial architecture, explains Diana Hulova.

IMF Gold Windfall Won't Break Cycle of Debt for Poor Countries

The countries that run the IMF have decided to spend a $2.7bn windfall on subsidising cheaper loans to low-income countries. This will represent a small financial benefit for countries taking such loans, but leaves unchallenged what such loans and debt exist to do, writes Tim Jones.

The Long Tradition of Debt Cancellation in Mesopotamia and Egypt from 3000 to 1000 BC

Today debt repayment has become a taboo subject, but we must pierce the smoke-screen of creditors and re-establish the historical truth. Repeated and generalised debt cancellation has occurred throughout history - often as a result of major social and political upheaval, writes Eric Toussaint.

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