This week’s summit for a “New Global Financing Pact” will look to secure some much-needed climate cash for developing countries, while ensuring their debt remains manageable.
Chinese President Xi Jinping hosted the 14th BRICS Summit via video link in Beijing. South African President Cyril Ramaphosa, Brazilian President Jair Bolsonaro, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attended the summit.
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Geopolitics is forcing BRICS countries to balance respect for international law, self-determination, sovereignty and peaceful resolution of disputes with their friendly relations with Russia.
People march with a banner that reads in Spanish ‘Stop the adjustment, out with the IMF,’ in Buenos Aires, Argentina on May 9, 2023.
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Alongside the global economic outlook, Russian supply and Chinese demand are contributing to ‘a cocktail of uncertainty’ for oil prices.
Learners in a school for about 5,000 children in Nguenyyiel Refugee Camp in Ethiopia’s Gambela region in 2019.
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It’s a crucial time for the World Bank, with growing calls for reform and sky-high expectations of what one leader needs to do. A former World Bank official explains the challenges ahead.
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Thirty years ago the World Bank recognised that its position was untenable. It put in place mechanisms to make the bank more accountable to ordinary people.
Agriculture is still largely manual in a several parts of the continent.
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East Africa is one of the fastest urbanising regions in the world, but it’s still in the early phases. There’s a big opportunity to get the region’s cities right.
Ghana is trying to put together a debt restructuring programme to satisfy major stakeholders.
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The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.
The economy depends on the environment. Economics can seem to forget that point.
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With a square and a circle, the father of ecological economics and a founding architect of sustainable development redrew our understanding of the economy. It was revolutionary.
Debt swaps in some countries have involved commitments to protect the ocean.
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Professor of International Business Strategy & Emerging Markets at the University of Sussex Business School, and the Graduate School of Business, University of Cape Town