Afghanistan and dead aid: is it becoming a reality?

(February 2, 2010) In a recent piece for Foreign Policy, Gerard Russell, a former British and U.N. diplomat and now a Fellow of Harvard’s Carr Centre for Human Rights Policy, looks at the disturbing effect foreign aid is having on Afghanistan. With over half of the country’s licit economy supplied by foreigners, Russell says—referencing Dambisa Moyo’s book "Dead Aid all too often "foreign aid undermines society, encourages rentier behaviour, siphons off talent, reduces pressure for reform, and undermines democracy. Does this sound familiar, Afghanistan-watchers?

China grows thirstier

(January 29, 2010) Next to air pollution, water scarcity looms as one of China’s largest environmental disasters. Beijing consumes more water annually than its water resources combined, according to the Chinese Statistical Yearbook 2007. Without intervention, the city will face a massive shortage.

Haiti heads for debt crisis as emergency loans pile up earthquake

(January 31, 2010) Anti-poverty campaigners warn emergency funds loaded to Haiti, at the height of crisis, will become a heavy debt burden for the quake devastated country. Already caught in a cycle of repayment for loans racked up by dictators from the western governments that kept the country’s looters in power, Haiti can’t afford its future in the present form of help.

Another foreign aid critic says there is a better way

(January 29, 2010) Brian Griffiths, an international adviser for Goldman Sachs, is another voice in what is quickly becoming a chorus of foreign aid critics that are heralding the use of private markets and funds as way to promote economic growth on the African continent. In a recent lecture at Oxford University, Griffiths said churches already working in Africa should help promote businesses and markets in countries across the continent.

Breathe of fresh air: banks pull out of carbon market

(Jaunary 28, 2010) Banks and other investors are pulling out of the carbon market after government leaders at last month’s meeting in Copenhagen failed to come up with new emissions targets beyond the current Kyoto Treaty, which ends in 2012. According to a recent report in the UK Guardian, a number of carbon fianciers have already begun leaving banks in London due to a lack of activity and a pull-back in investment demand.