Global Issues
News headlines for “Global Financial Crisis”, page 7
New forum builds on Sevilla pledges to tackle global debt crisis
- UN News
A new UN-backed forum launched on Wednesday to help developing nations escape the weight of unsustainable debt – which has left more than three billion people worldwide living in economies forced to spend more on repayments than health or education.
Desalination is Booming in Chile, but Farmers Hardly Benefit
- Inter Press Service
SANTIAGO, October 22 (IPS) - Desalination projects are booming in Chile, with 51 plants planned to process seawater and a combined investment of US$ 24.455 billion. However, these initiatives hardly benefit small-scale farmers, who are threatened by the prolonged drought, and cause environmental concerns.
Explaining Strong Credit Growth in Brazil Despite High Policy Rates
- Inter Press Service
WASHINGTON DC, October 21 (IPS) - At 15 percent, Brazil’s monetary policy interest rate (called Selic) is one of the highest among major economies. Yet in 2024, bank credit grew by 11.5 percent and corporate bond issuance rose by 30 percent.
World Food Programme Warns of Emergency Levels of Hunger Amid Severe Funding Cuts
- Inter Press Service
UNITED NATIONS, October 20 (IPS) - In 2025, unprecedented cuts to foreign aid and humanitarian funding have exacerbated global hunger crises, leaving millions without access to food or basic services. Funding shortfalls have forced aid agencies to scale back or suspend lifesaving programs in some of the world’s most food-insecure regions, particularly across the Global South—exacerbating already dire conditions caused by conflict, displacement, economic instability, and climate shocks.
Chile Aims for Sustainable Port Expansion – VIDEO
- Inter Press Service
SAN ANTONIO, Chile, October 17 (IPS) - Maritime transport is key for Chile, which has 34 free trade agreements with countries and blocs of nations, one of the broadest trade networks in the world with access to over 86% of the global gross domestic product (GDP).
Talks on net zero shipping framework shelved as nations fail to reach consensus
- UN News
Talks at the International Maritime Organization (IMO) on adopting new global rules to cut greenhouse gas emissions from ships ended Friday without agreement, as delegates voted to defer a decision for 12 months amid sharp divisions over the proposed Net-Zero Framework.
Connecting the Dots: Policy Shifts, Realities and Lessons
- Inter Press Service
BANGKOK Thailand, October 17 (IPS) - The Asia-Pacific region has long served as a springboard for transforming socio-economic implementation gaps into development opportunities. With the 2030 deadline for the Sustainable Development Goals fast approaching, policymakers are stepping up efforts to translate policy announcements into tangible impacts.
World Food Day LIVE: The task of feeding the world
- UN News
Amid the destruction of the Second World War, nations responded to the danger of hunger and malnutrition by creating the Food and Agriculture Organization (FAO) on 16 October 1945. The UN agency celebrates this achievement as World Food Day every year on its birthday, recognizing the work of all those who are committed to ensuring food for everyone. We’ll be bringing you the highlights live from FAO throughout the day. UN News app users can follow coverage here.
It’s Time to Unbury the IMF’s Hidden Gold
- Inter Press Service
WASHINGTON DC, October 15 (IPS) - Countries across the Global South face an accelerating climate crisis, tepid growth, and unsustainable levels of debt. Yet hopes of finding support at the International Monetary Fund’s (IMF) Annual Meetings in Washington are dim. The IMF is tightening its purse strings — even as it leaves untouched a vast treasure of more than 3,000 tons of gold that offers a prime opportunity to stabilize the global economy.
World Bank and Other MDBs Need to Tackle Rich Country GHG Emissions to Support Development
- Inter Press Service
WASHINGTON DC, October 14 (IPS) - The World Bank and other multilateral development banks recently have begun reconsidering their self-imposed restrictions on financing fossil fuel projects. This change is being prompted in part by the new U.S. administration and is also supported by developing country experts. Yet, the reality remains that greenhouse gas emissions (GHG) from fossil fuels, and specifically the climate change they induce, can severely undermine multilateral development bank projects and overall developing country growth prospects.
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