Topic: Finance and debt
Urgent call to head off new debt crisis in developing world
News / 23rd March 2020Rapid action is needed to head off the risk of a new debt crisis in the world’s poorest countries amid evidence that the Covid-19 pandemic is raising borrowing costs and hitting commodity exports, according to a leading campaign group.
Out of service: How public services and human rights are being threatened by the growing debt crisis
Report / 11th March 2020Public services play a critical role in advancing human rights and fighting inequality. But growing levels of external public debt threaten the very services on which citizens depend in order to have even a basic standard of living, explains a report by Eurodad.
Corrupt elites siphon aid money intended for world’s poorest
News / 21st February 2020A new study has found that as much as a sixth of foreign aid intended for the world's poorest countries has flowed into bank accounts in tax havens owned by elites.
Ballooning debt forces poor countries to cut public spending
Blog / 13th January 2020Poorer countries are cutting public spending in response to a “growing debt crisis”, campaigners have warned.
Less than 10% of EU aid reaches world's poorest countries, study finds
News / 25th November 2019Less than 10% of EU aid money reaches the countries where it is most needed, according to a study that found levels of assistance had dropped for the second year running.
Eine Einführung in das globale wirtschaftliche Teilen
Report / 16th November 2019In einer zunehmend ungleichen und nicht nachhaltigen Welt müssen die Regierungen dringend die restriktiven politischen und wirtschaftlichen Ideologien der Vergangenheit überwinden und Lösungen finden, die den gemeinsamen Bedürfnissen der Menschen in allen Ländern gerecht werden.
Austerity, the “new normal”
Blog / 25th October 2019Austerity and budget cuts do not need to be “the new normal”. Governments can find additional fiscal space to fund public services and development policies through at least eight options, all of which are endorsed by the United Nations. By Isabel Ortiz and Matthew Cummins for IPS news.
The IMF is hurting countries it claims to help
Blog / 10th September 2019The fund’s loan agreement with Ecuador will worsen unemployment and poverty, providing more reasons for serious reform at the IMF, writes Mark Weisbrot.
Financing Injustice
Report / 15th April 2019We need a radically different and rebalanced financial system which ensures that the very poorest are included and actively supported to thrive, and in which developing countries have an equal say in making the rules governing the global economy. A briefing from Christian Aid.
The importance of equity and finance for more climate ambition
Article / 11th April 2019Finance has always been a contentious issue at climate change talks, but developing countries will only dare commit themselves to greater emission cuts when they are assured that the monies pledged will come through, writes Prerna Bomzan for Third World Resurgence.