WASHINGTON DC, October 21 (IPS) - At 15 percent, Brazil’s monetary policy interest rate (called Selic) is one of the highest among major economies. Yet in 2024, bank credit grew by 11.5 percent and corporate bond issuance rose by 30 percent.
UNITED NATIONS, October 20 (IPS) - In 2025, unprecedented cuts to foreign aid and humanitarian funding have exacerbated global hunger crises, leaving millions without access to food or basic services. Funding shortfalls have forced aid agencies to scale back or suspend lifesaving programs in some of the world’s most food-insecure regions, particularly across the Global South—exacerbating already dire conditions caused by conflict, displacement, economic instability, and climate shocks.
NEW YORK, October 20 (IPS) - Climate and environmental challenges are hitting harder and more often, reshaping people’s lives around the world. While disasters touch everyone, their impacts are not felt equally. The most marginalized, especially women and girls, are too often the first to suffer and the last to recover.
Holding the line on the existing rules-based international trading system remains an essential challenge if the world is the keep a damaging tariff war at bay, a top UN trade official said on Monday.