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.
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.
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.
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.
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.
"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 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 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.