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GENEVA, Oct 11 (IPS) - In the last week of September, emerging market (EM) bond fund outflows hit $4.2 billion, according to JP Morgan, bringing this year’s total to a record $70 billion. The exodus, set off by a rising U.S. dollar, is heaping pressure on low-income countries.
Read the full story, “Development Banks Should Reform Their Lending Practices”, on globalissues.org →
Fifty-four countries that are home to more than half of the poorest people on the planet need urgent debt relief now, the UN Development Programme (UNDP) said in a paper published on Tuesday that calls for rich countries to step up.
The UN weather agency issued an urgent appeal on Tuesday for governments everywhere to switch to cleaner forms of energy, such as solar, wind and hydro-electric power.
More than 140 people have been killed in horrific intercommunal violence in the west of the Democratic Republic of the Congo (DRC). The UN refugee agency, UNHCR, said on Tuesday, briefing journalists in Geneva, that some victims had been beheaded.
Read the full story, “DR Congo sees deadly surge in intercommunal violence”, on globalissues.org →
LAHORE, Pakistan, Oct 11 (IPS) - The zesty citrus whiff from the rows of trees boasting unripe kinnow (mandarins) freshens the autumn air in late September. Two deeply tanned men clear the ground under and between the trees to plant vegetables.
Nairobi, Oct 11 (IPS) - Until a few years ago, Kenyan potato farmer Richard Mbaria used to harvest just four tonnes of the crop from an acre of land thanks to poor quality seeds, combined with an attack on the crop by pests and diseases.
BRATISLAVA, Oct 12 (IPS) - Governments and international financial institutions must adopt new ways of providing post-pandemic support, say campaigners after a report found that in many poorer countries, big business benefitted most from Covid-19 recovery funds. At the same time, vulnerable communities have been “left behind.”
GENEVA, Oct 12 (IPS) - Since Russian President Vladimir Putin announced a military draft on September 21st aiming to mobilise around 300,000 Russian men to fight in the war in Ukraine, an estimated 400,000 Russians have fled the country, possibly even more.