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Development
RSS FeedUganda: Tougher economic times ahead
2011-11-02, Issue 556
Finance Minister Maria Kiwanuka has said 'tougher times were still ahead' for Uganda. Her statement comes on the back of rising inflation which currently stands at 30.5 per cent up from 28.3 per cent in September. The high inflation trend has reduced...
Swaziland: No more subsidized agricultural inputs
2011-11-02, Issue 556
Swaziland’s economic crisis has forced the government to put on ice the agricultural input scheme that has made the survival of many subsistence farmers and their families less precarious on communal Swazi Nation Land, where 70 per cent of the 1.1 mi...
Africa: Investors create $25m fund for African agriculture
2011-11-03, Issue 556
A bunch of the world’s leading impact investors have joined forces with the US Agency for International Development (USAID) to invest $25m in a new growth fund to support African agriculture. Over the next five years, Pearl Capital Partners (PCP), a ...
Global: Human Development Report 2011 launched
2011-11-03, Issue 556
The 2011 Human Development Report argues that the urgent global challenges of sustainability and equity must be addressed together - and identifies policies on the national and global level that could spur mutually reinforcing progress towards these ...
Global: US cut to UNESCO funding weakens free and open societies
'Statement by the Director-General of UNESCO on withholding of funds by the United States'
2011-11-03, Issue 556
'The announced withholding of US dues owed for 2011 will immediately affect our ability to deliver programmes in critical areas: achieving universal education, supporting new democracies and fighting extremism. So I call on the US administration, Co...
Africa: Is planned free-trade zone pie in the sky?
2011-11-07, Issue 556
African heads of state have ambitious plans to create a free trade zone, encompassing 26 countries and more than 600 million people on the continent. But economic experts warn the project is a bold step that comes with a plethora of legal, administra...
Global: The global debt clock
2011-10-25, Issue 554
This debt map from The Economist shows the global level of public debt, broken down by country, percentage of GDP, public debt per person and annual debt percentage change. With public debt being at the centre of the financial crisis in Europe, the m...
Global: Research reveals the companies that control the world
2011-10-25, Issue 554
The idea that the few dominate the many will not come as news to those gathered either to occupy Wall Street or to occupy everywhere. But up until now it has been just an intuition that a few corporations control the world. Not any more. A team of Sw...
Global: Reporting the seven million mark
2011-10-25, Issue 554
With 31 October marking the point at which the global population reaches a staggering seven billion, this National Geographic page collects a year's worth of reporting looking at all aspects of population growth - demographics, food security, climate...
Africa: Why new World Bank lending plan is bad
2011-10-26, Issue 554
It's couched in 60 pages of near-incomprehensible economic-speak, but a radical World Bank plan to set up a new way to lend money to developing countries is being called a potential disaster for indigenous peoples, the environment and human rights, r...
Africa: What does Gaddafi's death mean for Africa?
2011-10-27, Issue 554
An AU expert with the South African Institute for International Affairs, Kathryn Sturman, says Col Gaddafi's death will have a profound effect on the AU. 'It's the end of an era for the AU. Libya was one of the big five [along with South Africa, Nige...
Egypt: Drop dictator debt, activists say
2011-10-31, Issue 554
Egypt has a budget deficit of nearly 10 per cent of GDP and the finance minister recently said that the country is on the brink of a liquidity crisis. Meanwhile, economic growth has slowed since the uprising, decreasing government revenues, while pub...
Global: 'They’ve been bailing like hell and they’re failing'
2011-10-31, Issue 554
In this video, John Bellamy Foster, editor of Monthly Review and co-author of 'The Great Financial Crisis: Causes and Consequences' discusses the causes of the current global financial crisis. 'You’ve all heard of the 700 billion bailouts…but the US ...
Global: From Egypt to Wall Street
2011-10-31, Issue 554
This video on the rabble.ca website is about the moving visit of members of the Egyptian Revolution to Occupy Wall Street. It features Asmaa Mahfouz - the girl who helped spark the Egyptian Revolution through her famous youtube video, which went vira...
Global: Economic pressure threatens subregion
2011-10-18, Issue 553
Negative developments in the global economy could exert pressure on Sub-Saharan Africa (SSA) sovereigns over the coming months, Standard & Poor’s Ratings Services said. This is although SSA economies have been expanding since the global economic down...
Uganda: US denies interest in Uganda oil
2011-10-18, Issue 553
The US has denied that its renewed interest in Uganda is a strategy to get hold of the newly found oil in the country. The US government has announced that it will deploy troops to help Uganda fight the rebels of the Lord’s Resistance Army (LRA) who ...
Africa: Governments fail to invest in drylands areas
2011-10-24, Issue 553
For millennia, people have coped with drought in the Horn of Africa, comprised mainly of drylands. Yet today, more than 13 million people there are starving because of political instability, poor government policies and failure to invest in the world...
South Africa: Global slowdown would hit SA hard, says IMF
2011-10-19, Issue 553
Sub-Saharan Africa's economy is expected to grow by 5.25 per cent in 2011, but if global growth slows, South Africa will be particularly hard hit, the International Monetary Fund (IMF) said on Wednesday. The IMF predicted that the region's economy wo...
Africa: Why Africa cannot spend on its citizens
2011-10-17, Issue 552
Africa's debt repayments to the International Monitory Fund, World Bank and other multilateral lending institutions have choked social spending on the continent, a recent report reveals. With a combined debt standing at US$350 billion, this means wha...
Namibia: Billions in balance if trade pact fails
2011-10-11, Issue 552
Namibia will have to pay more than half a billion dollars in duties if the country has not signed the economic partnership agreement (EPA) with the European Union (EU) by January 2014. The EU recently adopted a proposal to stop Namibia from enjoying ...
Global: World Bank warns on aid cuts
2011-10-11, Issue 552
The World Bank has warned rich countries against considering cuts to development assistance at a time of growing fears over a potential global recession. 'The temptation is great when a crisis looms – as it does now - for rich countries to slash deve...
Angola: Global financial crisis reduces Angola's GDP growth
2011-10-12, Issue 552
The effects of the global financial crisis, which has hit Angola since 2009, has contributed to the slump of the average Gross Domestic Product (GDP) growth rate from 17 per cent in 2008 to two per cent in 2009 and three per cent in 2011, according to the minister of economy, Abraao Pio Gourgel....
DRC: An environmental powerhouse beset with critical threats, UNEP Study
2011-10-13, Issue 552
This Africa Files post is a summary of a UNEP report on DR Congo’s post-conflict natural resources environment. It states that the country has immense natural resources and could become a powerhouse for Africa’s development if the multiple threats to...
Africa: Urban Africa by numbers
2011-10-17, Issue 552
Rapid urbanisation is being portrayed – by the UN, the World Bank and many others – as a potential developmental 'silver bullet' for Africa. Cities, we are frequently told, will be the drivers of economic growth and poverty reduction on the continent...
Global: Developing countries out in the cold at WTO
2011-10-17, Issue 552
Developing countries, particularly from Africa, are concerned about attempts by industrialised nations to change the negotiating dynamic of the World Trade Organisation. They are worried that developed countries want to introduce new issues at the mu...
Malawi: IMF roots for weaker Malawi currency
2011-10-04, Issue 551
The International Monetary Fund has advised Malawi to further devalue currency and liberalise foreign exchange if it hoped to benefit from Extended Credit Facility (ECF) programme. IMF, mid this year, declared Malawi’s ECF programme off-track, leadin...
Global: The men who crashed the world
2011-10-04, Issue 551
Al Jazeera is carrying a four-part documentary series on the global financial crash. The documentaries examine what caused banks to stop lending, the true causes of the crisis and what is being done to prepare for the next crisis....
Global: IMF forecast mistakes not trivial
2011-10-05, Issue 551
The International Monetary Fund's forecast mistakes on the global economy would be forgiven if they came from a teacher, a lawyer or a surgeon. But, says this article on www.indepthnews.info, there should be no...
Global: European markets plummet on fears of a new banking crisis
2011-10-05, Issue 551
This article on the World Socialist website argues that the handling of the Eurozone financial crisis points to a policy of 'pushing Greece over the edge, with devastating consequences for the Greek working class, while allocating hundreds of billion...
Global: Europe puts foot down on EPAs
2011-10-05, Issue 551
Botswana and Namibia are set to lose preferential access to the European Union, which wants African, Caribbean and Pacific countries to sign controversial free trade agreements within two years or face potential loss of market access to the 27-member...
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