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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

Global Crises Compound Refugees' Woes

The global financial, food, and fuel crises and the negative impacts of climate change pose a severe threat to the world's 37 million uprooted people, and will likely increase their numbers, warned the UN High Commissioner for Refugees. Reported by Ida Wahlstrom

 
No "Bailout" for the World's Poorest

As a spreading financial crisis threatens to deepen the economic recession in the United States, the news of an unprecedented $700 billion bailout package reverberated through the UN last week as over 100 world leaders gathered in New York for the annual talk-fest: the 63rd session of the General Assembly. Reported by Thalif Deen.

 
Third World: Is Another Debt Crisis in the Offing?

The debt crisis that hit the advanced industrial countries in 2007 could radically change the conditions of indebtedness in developing countries in the near future - all the more so since some of them have already been severely affected by the world food crisis of 2008, writes Éric Toussaint.

 
Coming Together To Aid the Poor

In what is turning out to be hard-fought negotiations between rich and poor nations, more than 1,000 government and civil society delegates gathered in the Ghanaian capital yesterday to agree the best ways to deliver and administer aid. By Miriam Mannak.

 
In the shadow of debt: The Sad but Sobering Story behind a Quarter-Century of Stagnation
"With the failure of doctrinaire neoliberalism to both explain and move countries out of underdevelopment, we are beginning once more to appreciate the positive role of the state in development"

 
Tax Havens Cheating the Poor

Tax havens in Europe are depriving poor countries of more money than they receive in development aid, it has been alleged. Some 11.5 trillion (million million) dollars is held in offshore accounts across the world, according to Tax Justice Network, a grouping of economists, accountants and academics

 
The Trillion Dollar Crisis: Bankers Saved, Human Rights Sacrificed

The randomness of numbers sometimes throws up some striking coincidences. Behind the shadow plays conjured up by the zealous servants of neoliberal globalisation, the brutal backstage reality revealed itself this week, through the publication of two international statistics.

 
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