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Aid, Debt & Development

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The Failure of Development Aid

Many richer nations continue to use aid as an instrument of power rather than a tool for development. We need a new model of aid that prioritises self-sufficiency, promotes food security and encourages genuine empowerment of the poor, argues Tesfaye Habisso.  

Financial Crisis could cut Official Aid by 30%

The financial crisis is expected to have a severe impact on humanitarian funding, with some analysts projecting cuts in official development assistance (ODA) of up to a third or more.

Developing Countries: Dangerous Times for the Internal Public Debt

The internal public debt of the world's developing countries has increased significantly since the 1990s as a result of neo-liberal policy, yet it would take only $80 billion a year over a period of 10 years for the entire population of these countries to have access to essential social services. By Éric Toussaint.

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.

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