News headlines for “Global Financial Crisis”

  1. Privatization Increases Corruption

    Tuesday, July 23, 2019

    KUALA LUMPUR, Malaysia, Jul 23 (IPS) - International financial institutions (IFIs) have typically imposed wide-ranging policy reforms – called ‘conditionalities' – in exchange for country governments to secure access to financial assistance.

    While IFIs may demand anti-corruption policies, other IFI policy conditionalities, such as the privatization of state-owned enterprises (SOEs), can create new rentier opportunities, undermining government will and capacity to curb corruption.

  2. How China’s Africa Alliance is Shifting World Order

    Friday, July 19, 2019

    UNITED NATIONS, Jul 19 (IPS) - When the United Nations General Assembly met in 2007 to vote on North Korea's human rights record, only 10 of the 56 African countries voted with the U.S.-led western coalition.

  3. UN Report Shows Mixed Results in Meeting SDGs

    Thursday, July 18, 2019

    UNITED NATIONS, Jul 18 (IPS) - The United Nations launched its 2019 report on Sustainable Development Goals (SDGs), showing inadequate progress in the fourth year into the sustainable development agenda and highlighting the need for imminent global action.

  4. Growing African Agriculture One Byte at a Time

    Wednesday, July 17, 2019

    BULAWAYO, Zimbabwe, Jul 17 (IPS) - Ella Mazani is a mobile phone farmer.

    "My mobile phone is part of my farming. It supports my farming and my family's welfare through the services I get via the phone," the smallholder maize farmer from Shurugwi in central Zimbabwe quips. 

  5. Facebook and Friends Threaten to Libralize the World

    Tuesday, July 16, 2019

    SYDNEY and KUALA LUMPUR, Jul 16 (IPS) - On 17 June, a Facebook white paper proposed a new global digital currency it plans to launch in the first half of 2020. The Libra will be managed by a ‘not for profit' Swiss-based Facebook-led consortium of ‘for profit corporations', with Uber, eBay, Lyft, Mastercard and PayPal among its founding members.

  6. Rwanda Prepares the Foundations for Climate-Resilient Cities

    Monday, July 15, 2019

    KIGALI, Jul 15 (IPS) - How do you plan a resilient city? A city that can withstand climate change impacts, and the natural disasters that it produces at increased frequencies. And how do you protect the city, its individuals and communities, its business and institutions from either the increased flooding or prolonged droughts that result? It's a complex question with an even more complex solution, but one that the central African nation of Rwanda is looking to answer.

  7. Rwanda: Open for Business

    Friday, July 12, 2019

    WASHINGTON DC, Jul 12 (IPS) - Andrew Kanyegirire is Senior Communications Officer at the International Monetary Fund (IMF)

    Claire Akamanzi spends her days working on innovative ways to bring more business to her country.

    As CEO of the Rwanda Development Board (RDB), a multiagency governmental department billed as a "one-stop shop" for investors, Akamanzi has seen the country earn accolades for its business-friendly environment, recently winning the #2 spot regionally in the World Bank's ease of doing business rankings.

  8. Today’s Menu: Pesticide Salad, Leaded Fish with Plastic, Chemical Fruit

    Wednesday, July 10, 2019

    MADRID, Jul 10 (IPS) - In case you were not aware or just do not remember: all you eat, drink, breathe, wear, take as a medicine, the cosmetics you use, the walls of your house, among others, is full of chemicals. And all is really ALL.

  9. Industrial Policy Finally Legitimate?

    Tuesday, July 09, 2019

    KUALA LUMPUR, Malaysia, Jul 09 (IPS) - For decades, the two Bretton Woods institutions have rejected the contribution of industrial policy (IP), or government investment and technology promotion efforts, in accelerating and sustaining growth, industrialization and structural transformation.

    Finally, two International Monetary Fund (IMF) staff members, Reda Cherif and Fuad Hasanov, have broken the taboo. They embrace industrial policy, arguing against the current conventional wisdom that East Asian industrial policies cannot be successfully emulated by other developing countries.

  10. The Libyan Disaster: Little Bits of History Repeating

    Tuesday, July 09, 2019

    STOCKHOLM / ROME, Jul 09 (IPS) -

    And I've seen it before,
    and I'll see it again.
    Yes I've seen it before,
    just little bits of history repeating.

    -- Propeller Heads: History repeating

    The Libyan catastrophe and the suffering of "illegal" migrants are generally depicted as fairly recent events, though they are actually the results of a long history of greed, contempt for others and fatal shortsightedness. Like former Yugoslavia, Libya was created from a mosaic of tribal entities, subdued by colonial powers and then ruled by an iron-fisted dictator. Now, Libya is a quagmire where local and international stakeholders battle to control its natural resources. The country holds the largest oil reserves in Africa, oil and gas account for 60 percent of GDP and more than 90 percent of exports.1 This is one reason why Egypt, France, Russia, Saudi Arabia, the U.S., and many other nations are enmeshed in Libya. Furthermore, European nations try to stop mainly sub-Saharan refugees and migrants from reaching their coasts from Libya. An attempt to understand Italy´s essential role in the struggle over Libya´s oil and attempts to control unwanted immigration may help to clarify some issues related to the current situation.

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