Links to recent news and analysis on foreign aid, debt relief, tax justice and raising finance for developing countries.
Poor countries advised to restructure external debts
5/10/2021: The World Bank has urged low and middle income countries to consider restructuring their debts when the Debt Service Suspension Initiative (DSSI) expires at the end of this year. The DSSI was established to help countries concentrate their resources on fighting the Covid-19 pandemic.
Source: The East African
UK Parliament votes down 0.7% aid target for years
13/7/2021: Politicians in the United Kingdom have voted against restoring the country’s 0.7% aid budget and instead passed a motion that economists say effectively ends the government’s commitment to the target. NGOs were universal in their condemnation of the vote’s outcome.
Source: Devex
'If we cannot decouple economic growth from emissions, we are doomed'
29/1/2021: We need to address the cost of economic development to the environment, societies and our health when measuring human progress, says Achim Steiner, head of the UN Development Program.
Source: DW