Topic: Finance and debt
New push for debt relief to help developing world fund climate action
News / 1st December 2023The world’s poorest countries are paying more than 12 times as much to their creditors as they are spending on measures to tackle the impact of global heating, a campaign group has warned.
UN adopts plans for historic tax reform
News / 1st December 2023Countries at the UN have adopted by a landslide majority today a resolution to begin the process of establishing a framework convention on tax and completely change how global tax rules are decided.
Put the UN in charge of international taxation
Blog / 22nd November 2023Almost a decade of multilateral negotiations on a global tax treaty at the OECD has yielded insufficient progress. The question to be decided this week is whether the United States and the European Union will see the light and support a different approach.
Marrakesh declaration to end austerity
Article / 13th October 2023More than 300 civil society organisations call upon governments, Ministries of Finance and International Financial Institutions to #EndAusterity and implement financing alternatives at the annual meetings of the World Bank and IMF in Marrakesh.
African countries grapple with 50 years of IMF austerity
Report / 12th October 2023ActionAid's latest report, 'Fifty Years of Failure: the IMF, Debt, and Austerity in Africa,' sheds light on the ongoing challenges African countries face due to the International Monetary Fund's (IMF) austerity policies, writes Winston Mwale.
Faced with crushing debts, world’s poorest nations to slash public spending by over 229 billion dollars
Blog / 12th October 2023The World Bank and the International Monetary Fund are returning to Africa, for the first time in decades, with the “same old failed message”.
Poverty and hunger eradication targeted to miss UN’s 2030 deadline by wide margins
Blog / 2nd October 2023When the UN’s 193 member states reviewed the current status of the 17 Sustainable Development Goals (SDGs), including the eradication of extreme poverty and hunger by 2030, the verdict was mostly failures—and with little or no successes.
‘Elephant in the Room’ campaign calls for urgent action on global food crisis at upcoming UN meetings
News / 7th September 2023Climate activists and anti-poverty campaigners are calling for an emergency meeting of world leaders on the global food crisis at the United Nations General Assembly in New York next month.
Global South countries need a new legal framework for debt relief
Article / 29th August 2023Global South countries need a forum where they can collaborate to solve urgent problems on debt rather than begging the IMF and G20 for relief, writes Ramya Vijaya and Pooja Rangaprasad.
From crisis to resilience: We need a new recipe to combat hunger
Blog / 9th August 2023A decent nutritious diet is now out of reach for nearly half the planet. We need a completely new recipe to address hunger and rebuild countries’ capacity to produce the food they require, writes Olivier De Schutter for IPS news.