News headlines for “Third World Debt Undermines Development”, page 16
The Oil Market Absorbed the War Shock, but Buffers Are Running Low
- Inter Press Service
WASHINGTON DC, July 17 (IPS) - The largest disruption to the global oil market in decades should have sent prices soaring. But after spiking at the start of the war in the Middle East, crude prices soon settled in a range of $90 to $100 per barrel, much lower than many had feared. Why didn’t prices climb higher? The answer is that a combination of factors helped cushion the initial blow. But much of that room has now been used up.
As Gold Prices Soar, Communities Pay the Price in Poisoned Rivers, Vanishing Forests and Organized Crime
- Inter Press Service
DAR ES SALAAM, Tanzania, July 17 (IPS) - The sweltering heat inside a London conference hall did not deter Indigenous leader Jackeline Mendoza Díaz from condemning the sheer destruction of the Peruvian Amazon. Her voice occasionally trembled with emotion but delivered a strong message — painting a picture far removed from the glittering gold bars traded in the world’s financial capitals.
Three years of War in Sudan: A Crisis the World Can’t Ignore
- Inter Press Service
GENEVA, July 17 (IPS) - Three years into the war in Sudan, survivors and human rights defenders are struggling to respond to overwhelming needs amid widespread violence, displacement, and limited global attention. As horrific violations and abuses intensify and those documenting them become targets, calls for accountability and sustained international engagement grow more urgent.
Full Effects of Strait of Hormuz Disruption May Not Be Felt Until Second Half of 2026
- Inter Press Service
UNITED NATIONS, July 16 (IPS) - The full economic impact of the disruptions in the Strait of Hormuz may not become clear until the second half of 2026, warns the United Nations Conference on Trade and Development (UNCTAD).
How Farmers Are Learning About Restoring Soils and Scaling Agroecology in Kenya
- Inter Press Service
MAKUENI, Kenya, July 15 (IPS) - At Yumbuni Village in Kenya’s Makueni County, farmers from Vihiga and Kakamega counties have travelled over 560 kilometres to join their colleagues in Kathonzweni Ward and see the progress of experiments being carried out on different homemade organic fertilisers and other farm inputs.
Western Imperialist Unity Split by Rival Priorities
- Inter Press Service
KUALA LUMPUR, Malaysia, July 14 (IPS) - Trump insists the West must unite on his terms against the Rest, particularly China and Iran. Europe, however, wants greater Trump support for Ukraine’s Zelensky regime to replace Putin’s leadership of Russia.
Arab Regions Remain the Most Underrepresented in the Global Trade System
- Inter Press Service
UNITED NATIONS, July 14 (IPS) - Despite the importance of international trade as an engine for economic growth and development, only fourteen of the twenty-two Arab states are members of the World Trade Organization (WTO). The remaining Arab states risk missing out on opportunities for greater integration into the global economy and the multilateral trading system facilitated by the WTO.
The Tale of Two Countries: Elite Stake and Development
- Inter Press Service
SYDNEY, July 14 (IPS) - Philippines was the most advanced Southeast Asian country with the highest per capita GDP until about the early 1960s. Its per capita GDP in purchasing power parity terms were about the same as South Korea’s and above that of Thailand in the early 1970s.
UN Raises Alarm Over A Sharp Rise in Human Rights Abuses and Cholera-Related Deaths in Sudan
- Inter Press Service
UNITED NATIONS, July 13 (IPS) - Throughout 2026, the humanitarian crisis in Sudan has deteriorated significantly, prompting the United Nations (UN) to raise alarm over the escalation of human rights violations. Persistent clashes between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) continue to cause mass civilian casualties, drive widespread displacement, and obstruct the delivery of life-saving aid. As a result, war-torn communities are being pushed further into catastrophe, struggling with severe shortages of essential basic services and the rapid spread of infectious disease.
Europe’s Funding Question Puts Tanzania’s Fragile Democracy on Trial
- Inter Press Service
DAR ES SALAAM, Tanzania, July 13 (IPS) - Every evening just before sunset, Salima Kitwana hobbles into her backyard holding a photograph.
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