Rewarding Progress: Burma, the United States and the World Bank

At the inaugural lecture on Asian Democracy at the University of Louisville on January 27th Ambassador Derek Mitchell, the Special Representative and Policy Coordinator for Burma, announced that the Obama administration would seek to reward political reform while maintaining the current sanctions regime until further notice. Yesterday saw more indications of the carrots Washington can [...]

Nigeria: Finance minister says Nigeria has to reduce borrowing

Nigeria’s Minister of Finance, Dr. Ngozi Okonjo Iweala has expressed concern over the nation’s debt profile which presently stands at $39.7 billion. n her maiden address to journalists, the Minister said that the country’s debt now stands at N5.2 trillion for domestic debt and $5.3 billion external debt. rs. Okonjo-Iweala said, “Nigeria has $39.7 billion [...]

Stop development aid to South Africa: EU (VIDEOS)

Euro-MPs Barry Madlener and Lucas Hartong want that the European Commission to immediately stop giving its development-aid programme in which millions of Euros are sent too South Africa purportedly to ‘advance social stability’ in that country. The EU budgeted an amount of 980-million for this purpose from 2007 to 2013 – . Madlener and Hartong [...]

Iran cut back funding of Hamas after it failed to show support for Bashar al-Assad

Iran has cut back or even stopped its funding of Hamas after the Islamist movement, which rules the Gaza Strip, failed to show public support for Syrian President Bashar Assad, diplomats said Sunday. Hamas has denied that it is in financial crisis but says it faces liquidity problems stemming from inconsistent revenues from tax collection [...]

Foreign aid, global poverty and the UN

On 20-22 September 2010, the UN celebrated the 10th anniversary of the Millennium Development Goals (MDG) program. This was with the intention of taking stock of the progress made thus far and to urge governments and the private sector to help meet the ambitious goals by the target date of 2015. The eight goals that [...]

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