World Bank Enables Foreign Aid Theft

World Bank aid encourages governments to enable illicit financial outflows to offshore tax havens by reducing capital controls, thus draining precious foreign exchange and government resources.

New Era: Unlocking Africa’s Agriculture Potential Through CGIAR TAAT Model

As hunger and food insecurity deepen, Africa is confronting an unprecedented food crisis. Estimates show that nearly 282 million people on the continent, or 20 percent of the population, are undernourished. Numerous challenges across the African continent threaten the race to achieve food security; research and innovative strategies are urgently needed to transform current systems as they are inadequate to address the food crisis.

World Bank Enables Private Capture of Profits, Public Resources

The World Bank insists commercial finance is necessary for achieving economic recovery and the Sustainable Development Goals (SDGs), but does little to ensure profit-hungry commercial finance serves the public interest. By failing to address pressing challenges within their purview, the second-ever Bretton Woods institutions’ (BWIs) annual meetings on the African continent, in Marrakech in October 2023, set the developing world even further back.

Construction of New Megaport in Peru Ignores Complaints from Local Residents

"We have always lived a very quiet life here, but everything has changed since the construction of the multi-purpose port began a few years ago," said Miriam Arce, a neighborhood leader in this municipality 80 kilometers north of the Peruvian capital, where the new port is projected to become the epicenter of trade between China and South American countries.

Middle-Income Country Trap?

In recent decades, failure to sustain economic progress has been blamed on a supposed middle-income country (MIC) trap. Such blaming obscures as much as it supposedly explains.

IPEF: New Cold War Weapon Backfires

US President Joe Biden’s Indo-Pacific Framework for Prosperity (IPEF) is the economic arm of his administration’s Indo-Pacific Strategy, aimed at countering China’s influence in the region.

PPPs Fiscal Hoax Is a Blank Financial Silver Bullet

Public-private partnerships (PPPs) for infrastructure and service provision are both costly and risky. Worse, PPPs typically fail to ensure universal, let alone fair access to public amenities.

Even Rich Nations Now Worried About ISDS

Governments the world over are worried about investor-state dispute settlement (ISDS) rules. These allow foreign investors to sue them for billions over new laws or policies reducing their profits.

Innovative Financial Services Transform Agricultural Entrepreneurship in Africa

Smallholder agricultural enterprises in Africa face a lot of challenges getting loans from financial institutions like banks due to the stringent requirements they can hardly fulfil. Investor confidence is usually lacking, given the risks involved in this sector of the economy.

Migration Puts the Brakes on Venezuela’s Vehicles

Diego has just enrolled to study journalism at a university in the Venezuelan capital and, with 2,000 dollars that his family members managed to gather, has bought his first car, a small 2007 Ford that can take him to class from his home in the neighboring Caribbean port city of La Guaira.

Seniors Thriving Through Plastic Waste in Zimbabwe

They do not have a pension nor financial support from families or relatives, but they have themselves. Now they have become collectors of plastic waste, which they turn into products as they battle for survival - earning money from the growing plastic pollution in Zimbabwe.

Traffic on the Paraná Waterway Triggers Friction between Argentina and Paraguay

In addition to being a majestic river - the second longest in South America after the Amazon - the Paraná River is the waterway through which a large part of the area's primary goods are exported. Today, its economic importance has sparked an unexpected diplomatic conflict between Argentina and the countries with which it shares the basin.

Pemex Exploits Fossil Fuels with Money from International Banks

At the entrance to the municipality of Paraíso, in the southeastern Mexican state of Tabasco, there is a traffic circle that displays three things that are emblematic of the area: crabs, pelicans and mangroves.

Skyrocketing Inflation Puts Food Security in Pakistan at Risk

“We are under extreme stress about skyrocketing prices of essential edible commodities and the cost of gas and electricity. The situation is becoming worse because every day. We must pay more for wheat flour, sugar, tea, milk, oil, etc.,” Azizullah Khan, a civil servant, says.

The Bitter-Sweet Sides of Uganda’s Oil and Gas Development

French oil and gas giant TotalEnergies and China National Offshore Oil Corporation (CNOOC) are moving with pace in the development of oil and gas projects with a potential investment portfolio estimated at more than USD 15 billion. IPS looks at the project's human rights record for the compensation of affected communities.

African Agro-Processors Call for Policies Conducive to Local Manufacturing

Experts at the Africa Food Systems Forum (AGRF) in Dar es Salaam, Tanzania, have called on African governments to make and review existing policies to protect the processing and agro-industrialisation of locally produced agricultural products.

Mexico Turns to Military Entrepreneurs

Courage, sadness and impotence are expressed by Mayan indigenous activist Sara López when she talks about the Mayan Train (TM), the Mexican government's biggest infrastructure project, which will cross the town where she lives and many others in the Yucatan Peninsula.

UN Must Reclaim Multilateral Governance from Pretenders

International governance arrangements are in trouble. Condemned as ‘dysfunctional’ by some, multilateral agreements have been discarded or ignored by the powerful except when useful to protect their interests or provide legitimacy.

Unlocking Africa’s Potential: Strengthening Partnerships for Sustainable Progress

At this year’s G7 summit in Japan, global leaders emphasized the importance of unity as the world navigates grave threats to multilateralism. The message was clear - trusted global platforms for dialogue and solutions are extremely crucial in current times.

Mexico’s Interoceanic Corridor Lacks Water

Due to insufficient pressure water does not make it up to Elliot Escobar's house in the Mexican municipality of Matías Romero, where he lives on the second floor, so he pipes it up with a hose from his sister's home, located on the first floor of the house shared by the two families.

Exchange Rate Movements Due to Interest Rates, Speculation, Not Fundamentals

Currency values and foreign exchange rates change for many reasons, largely following market perceptions, regardless of fundamentals. Market speculation has worsened volatility, instability and fragility in most economies, especially of small, open, developing countries.