Economy and Financial Affairs
- Fri May 16 2008
Workshop advocates transparent arbitration in debt disputes
Stakeholders are calling for a Fair and Transparent Arbitration (FTA) mechanism in resolving disputes between creditor and debtor nations; to promote global partnership and economic growth. This was the highlight of a workshop organised in Abuja by ANEEJ with support from AFRODAD.
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Economy and Financial Affairs
- Thu May 15 2008
Report from Maputo: Mozambican Civil Society Meets to Debate Statement
About 35 people representing a range of Mozambican civil society groups met at a Maputo hotel to draft a statement on the African Development Bank. The meeting took place as the AfDB held the formal opening ceremony for its 43rd annual meeting a couple miles away at the beach-front Chissano Convention Center.
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Economy and Financial Affairs
- Mon May 12 2008
Report from Maputo: African Development Bank annual meeting
The annual meeting of the African Development Bank started on Sunday in Maputo, Mozambique. The "official meetings" – when the board of governors meets – are on Wednesday and Thursday (May 14-15). Until then there are a few seminars and report-launches.
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Economy and Financial Affairs
- Mon May 05 2008
NGOs to ADB president: "No future for Asia’s poor under ADB!"
Asian Development Bank President Haruhiko Kuroda opened the 41st Annual Meeting of the ADB under a hail of questions from civil society groups critical of the ADB’s pursuit of private sector development at the expense of poverty-alleviation efforts and community and environmental interests.
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Economy and Financial Affairs
- Fri May 02 2008
Exodus at the IMF
As the IMF continues to face escalating deficits and a crisis of credibility, almost a quarter of its 2,400 full-time staff in Washington, D.C. have voluntarily applied for resignations. The actual number of buyout requests was as high as 620, far in excess of the institution’s goal of laying off 380 staff.
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Economy and Financial Affairs
- Fri May 02 2008
2008 Asian Development Bank Annual Meeting
This update provides the most recent information regarding the 2008 Annual Meeting of the Asian Development Bank held in Madrid, Spain from May 3-6. It also includes the activities of civil society organizations taking place during the meeting.
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Economy and Financial Affairs
- Wed Apr 30 2008
On ADB and its privatization program
The Asian Development Bank (ADB) should stop pushing for and profiteering from the privatization of the Philippines’ energy and grain sectors amid the skyrocketing prices of rice and electricity, Freedom from Debt Coalition (FDC) said in a statement.
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Economy and Financial Affairs
- Wed Apr 30 2008
IMF reforms itself, a little
The poor have been given a little more say in the IMF. For many developing countries and NGOs this is still not enough, but it is the biggest single change in the last 60 years.
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Economy and Financial Affairs
- Tue Apr 29 2008
The contribution of capital to the South Bank: a question of asymmetries
The finance ministers of the South Bank met last Friday 25 in Montevideo, Uruguay. The aim was to analyze the issues pending resolution regarding the setting up of the Bank, among them the contribution of capital.
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Economy and Financial Affairs
- Tue Apr 29 2008
Will the new IMF programme help or hurt Africa's chances of meeting poverty goals
The Policy Support Instrument (PSI) is as a "non-financial mechanism" launched by the IMF in 2005. Six countries, all of them African, have signed on so far. But some are already finding that PSIs, like their predecessors, are making it difficult to finance improved education and other internationally agreed MDGs.
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