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KARACHI, Jan 18 (IPS) - Experts question Pakistan's 10bn USD funding for flood rehabilitation, asking if it wouldn't have been better to access climate change grants.Terming the recent international donors’ conference held in Geneva a “success” after Pakistan was able to secure 10 billion US dollars, Prime Minister Shehbaz Sharif has promised “every penny” of the pledges will be used towards rehabilitation of flood-hit people.
Read the full story, “Pakistans 10 Billion Dollar Flood Funding Question”, on globalissues.org →
GWANGIU, South Korea, Jan 17 (IPS) - Given the tensions in the Indo-Pacific, a co-operation between South Korea, Japan and NATO sends a message of deterrence and shared liberal values.
Read the full story, “NATOs Opportunity in the Indo-Pacific”, on globalissues.org →
SYDNEY, Jan 17 (IPS) - Inflation worries topped Ipsos’s What Worries the World survey in 2022 overtaking COVID concerns. The return of inflation caught major central banks, e.g., the US Federal Reserve (Fed), Bank of England, European Central Bank “off guard”. The persistence of inflation also surprised the International Monetary Fund (IMF). The return of inflation and its persistence exposed the poverty of the economics profession, unable to agree on its causes and required policy responses. It also exposed the profession’s anti-working class biases.
Read the full story, “The Year of Inflation Exposes Dogma and Class Bias”, on globalissues.org →
UNITED NATIONS, Jan 17 (IPS) - A new variant of Covid-19, spreading across New York city, is forcing businesses, banks and high-powered financial institutions to re-introduce flexible working hours after a brief hiatus.
At the United Nations, the lockdown has reduced the 39-storeyed Secretariat building to a veritable ghost town since most staffers continue to work from home - at least two or three days per week.