Rich countries and corporations stealing from developing countries through trade mis-invoicing and fake invoices

Jason Hickel, 14-01-17: A recent study has found that the flow of money from rich countries to poor countries pales in comparison to the flow that runs in the other direction. Researchers at the US Global Financial Integrity (GFI) and the Norwegian School of Economics have tallied up all the financial resources transferred between rich countries and poor countries each year: not just aid, foreign investment and trade flows, but also non-financial transfers such as debt cancellation, unrequited transfers like workers’ remittances, and unrecorded capital flight (more of this later). Continue reading

Les progrès réalisés dans la mise en œuvre du Programme d’action d’Istanbul sont mitigés, selon les Nations Unies.

12-01-2017: Les progrès réalisés dans la mise en œuvre du Programme d’Action d’Istanbul Les progrès accomplis vers la réalisation des objectifs et cibles du le Programme d’Action d’Istanbul sont mitigés. Au cours de ces cinq dernières années, les progrès des Pays les Moins Développés (PMA) vers la sortie de cette catégorie se sont accélérés, avec 10 PMA étant actuellement engagés dans ce processus de sortie. Continue reading

Progress in implementing LDC’s Istanbul Programme of Action is mixed says United Nations.

12-01-2017:  Progress in the implementation of the Istanbul Programme of Action has been mixed.  Over the past five years, progress by the LDCs towards graduation from the category accelerated, with 10 LDCs currently in the graduation process. Furthermore, progress has been made towards several goals and targets. Extreme Poverty has seen consistent reduction in LDCs albeit slowly. Continue reading

AfDB support for Tanzania’s off-grid energy plans

James Richards. Public Finance International, 10-01-17: The African Development Bank has approved a $870,000 grant to promote off-grid electricity generation in Tanzania. The money will go towards funding private sector clean energy projects, with a view to improving access to electricity in rural areas of the East African country. The grant was approved under the Sustainable Energy for Africa facility, which is funded by the governments of Denmark, the UK, the US and Italy.

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Proportion of official development aid going to LDCs is declining

Aid to the world’s poorest countries fell for the second year running in 2015 as donor governments prioritised refugee costs on their own soil, according to anti-poverty group the ONE Campaign. ONE said that while it was pleased by new aid data, published last month by the OECD, that showed a 6.6% real term rise in the overall amount of official aid delivered in 2015, it was disappointed that the proportion of that figure going to the world’s least developed countries (LDCs) and Africa is still declining.

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Bangladesh : NGOs mobilise to stop Rampal coal-fired powerplant

The Asian Peoples’ Movement on Debt and Development (APMDD) joins movements and communities in Bangladesh in their struggle to stop the Rampal coal-fired power-plant from being built.The United Nations has also requested Bangladesh to stop construction.The proposed Rampal coal-fired power plant is located just 14 kilometres north of the Sundarbans, the largest mangrove forest in the world, which is recognized as a UNESCO World Heritage Site. Continue reading

Least Developed Countries falling further behind developed countries than ever

19 December 2016: Global poverty is increasingly concentrated among a group of 48 countries, which are falling further behind the rest of the world in terms of economic development, according to a United Nations report released on Tuesday by UNCTAD. The Least Developed Countries Report 2016: The Path to Graduation and Beyond – Making the Most of the Process states that a global goal to halve the size of this group will be missed unless the international community takes more action. Continue reading

Le piège de la pauvreté laisse les pays en développement encore plus à la traine

19 dec 2016: À l’échelle mondiale, la pauvreté est de plus en plus concentrée dans un groupe de 48 pays, qui sont de plus en plus à la traîne du reste du monde sur le plan du développement économique, selon une publication des Nations Unies que la CNUCED a fait paraître mardi.Selon le Rapport 2016 sur les pays les moins avancés : Le processus de reclassement et au-delà : tirer parti de la dynamique, l’objectif mondial consistant à réduire de moitié le nombre de pays classés dans ce groupe ne sera pas atteint si la communauté internationale ne prend pas de nouvelles mesures. Continue reading