(May 18, 2011) China’s drought has caused the Three Gorges reservoir level to drop precipitously, crippling the mighty Three Gorges Dam. Shipping on the Yangtze River has now halted, power generation has been compromised, and geological hazards are heightened.
(April 29, 2011) When Kim Jong-il wants a piece of the action, it’s time to stop.
(April 27, 2011) Egypt’s period of political transition presents an ideal time to examine the odious nature of debt accrued by deposed President Hosni Mubarak’s government, whose time in power amounts to almost 30 years in the borrowing.
(April 15, 2011) Patricia Adams writes: Chinese authorities will invent crimes, if need be, to silence dissidents for exercising their right to freedom of speech. However, renewed efforts to curb criticism and protest reveal an entrenched public distrust towards the government: the people of China, and the world, are done listening.
Les effets des transformations des États sur leurs dettes publiques et autres obligations financières
(April 21, 2011) Alexander N. Sack, Recueil Sirey, Paris, 1927.
(February 16, 2011) In January, the bankers and corporate executives at the World Economic Forum (WEF) in Davos, Switzerland, presented a plan to create $100 trillion US dollars (about €700 billion or ¥7 trillion) in new international debt.
(December 17, 2010) U.S. Sen. Dick Lugar announced today that criminal prosecution of firms and individuals caught defrauding the World Bank and the other multilateral development banks is an important deterrent, but use of this tool varies widely among the banks.
(October 14, 2010) While corruption in Uganda becomes more endemic, the World Bank continues to hand over millions of dollars of foreign aid funds – not realizing that this money is making the situation worse, writes Brady Yauch.
(June 11, 2010) Matthew Saltmarsh from the New York Times says the citizens of the Maldives are demanding former president Maumoon Abdul Gayoom hand over the millions he stole while in power.
(May 19, 2010) Independent think tank Ibon Foundation gave unsolicited advice to Sen. Benigno Aquino III, frontrunner in the presidential elections, urging him to eschew proposals to hike tax rates in order to improve the country’s fiscal picture.
(May 11, 2010) A number of African leaders are now saying that foreign aid is no longer the only answer to economic development of the continent. Instead, they are calling for reform of the tax system, pointing out that Africa currently has one of the lowest tax-to-GDP ratios in the world.
(May 10, 2010) A report sponsored by the United Nations, and overseen by Jeffrey Sachs, urges rich countries to spend more on cutting hunger and poverty in the developing world. But there are still plenty of cynics.
(April 17, 2010) Foreign aid has generally benefited the ruling elites in Africa, by among other things, enabling and perpetuating corrupt governments’ hold on power, and by extension, entrenching the pervasive underdevelopment. Over the past five decades, foreign emergency assistance to Africa has helped to avert hardship for many of Africa’s poor, but failed to promote any significant economic development.
(March 31, 2010) Haiti-based businessman Maulik Radia has weathered two coup d’etats, two major hurricanes and now an earthquake in the country he’s worked in for the past 25 years.
(March 31, 2010) All past international efforts to turn Haiti into a functioning democracy have failed. There are better ways forward.