Chinese pledge half of all foreign aid for Africa without preconditions

China in AfricaXinhua/Devex, 9 May: China will earmark more than half of its foreign aid for Africa and attach no preconditions, Chinese Premier Li Keqiang said on Thursday 8 May at a World Economic Forum meeting on Africa in Nigeria. “China will, as always, continue to increase its assistance to Africa in both quantity and quality to the extent of its ability, ensuring that more than half of its foreign aid will go to Africa,” Li said. Continue reading

Global absolute poverty fell by almost half on Tuesday, 29 april

CAR!

Charles Kenny and Justin Sandefur, research fellows at the Center for Global Development, 30 April 2014:30 April 2014: The International Comparison Project released the latest purchasing power parity numbers for the world’s economies. The vast majority of the planet slept right on as if nothing had happened.* And they were right. But the new numbers still suggest the size and distribution of world income looks considerably different than we previously thought. The World Bank will produce new official estimates in the coming days, but our preliminary estimates suggest the share of people in the developing world living below the absolute poverty line of $1.25 per day in 2010 “fell” by nearly half, from about 19.7 percent to 11.2 percent, thanks to the revisions. Continue reading

Bangladesh: Rights groups want curbs on multinationals’ tax dodging

Daily Star, Bangladesh, 2 March 2014: Rights groups yesterday urged the government to immediately take punitive actions against the multinational companies that are dodging taxes through misuse of ‘transfer pricing’.Currently, multinational companies account for 10-15 percent of the government’s tax collections, while local companies provide around 34 percent, said Monower Mostafa, executive director of Development Synergy Institute. Continue reading

Appel à un partenariat mondial pour un développement juste et transformatif dans la période post 2015

À l’occasion de la 68e session de l’assemblée générale des Nations unies sur le suivi des résultats du sommet du millénaire, le partenariat des OCS pour l’efficacité au développement (POED)[1] appelle à un partenariat mondial en vue de promouvoir un agenda au développement juste et transformateur pour la période post 2015. Continue reading

A CALL FOR A GLOBAL PARTNERSHIP FOR JUST AND TRANSFORMATIVE DEVELOPMENT IN THE POST-2015 ERA

On the occasion of the 68th Session of the UN General Assembly on the follow-­up to the outcome of the Millennium Summit, the CSO Partnership for Development Effectiveness (CPDE)1 calls for a Global Partnership that will advance a just and transformative development agenda in the Post-­2015 Era. Continue reading

Keeping LDCs at centre stage an development imperative says LDC Watch

16 Sept, Kathmandu: LDC Watch policy paper, issued today explains why LDCs must be central in planning the Sustainable Development Goals, prepared for the UN General Assembly Session starting this week.  The General Debate of this 68th session is focused on setting the stage of the Post-2015 Development Agenda while there is also a Special Event scheduled on 25 September to follow up on efforts on the Millennium Development Goals (MDGs).ldcwatch position paper on the post2015 sustainable developm

Thomas Sankara – assassinated for a new way of thinking in Africa –

Sankara21 July, On the 25th anniversary of Sankara’s assassination, Nick Dearden argues we need to remember him to challenge dominant views of Africa. In 15 October 1987 a revolution was brought to an abrupt and bloody end by the murder of Thomas Sankara, President of the newly named state of Burkina Faso. In the years following Sankara’s assassination, by his once trusted friend Blaise Compaoré who runs Burkina Faso to this day, his revolution was overturned and the country became just another African fiefdom of the International Monetary Fund. But for a brief period of 4 years, Burkina Faso shone brightly, a stunning example of what can be achieved even in one of the world’s most impoverished countries. Continue reading

Corruption in Ethiopia is hindering the country’s development

Ethiopia corruptionADDIS ABABA/LONDON , Jun 16 2013 (IPS) – Ethiopia may be one of the fastest-growing, non-oil producing economies in Africa in recent years, but corruption has played a huge role in hindering the development of this Horn of Africa nation.

 “Bankers, miners and developers presenting projects to investment committees in countries that fare badly in corruption rankings frequently struggle to get investment. Corruption raises red flags because it makes local markets uncompetitive, unpredictable and therefore largely hostile to these long-term players,” Ed Hobey, the East Africa analyst at the political risk firm Africa Risk Consulting told IPS. Continue reading