Issue 2/Mar-Apr 2007
Article no: EN20080210-Issue-2-2007
Issue 2/Mar-Apr 2007* ???02c46598f30da2d01???
Currently Doha, the capital of the Arab Emirate Qatar, stands for the latest WTO round. This may soon change: In 2008, the United Nations will hold their 2nd Global Conference on Financing for Development (FfD) in Doha. This conference is intended to take stock of the implementation of the decisions of the first FfD conference in Monterrey in 2002 and to determine what new initiatives are necessary, esp. to attain the Millennium Development Goals. Jens Martens summarises the most recent trends, the possible issues on the agenda and the key events in the preparatory process.
The International Monetary Fund (IMF) has initiated a series of reforms that some say will act to dampen existing power discrepancies. However, the proposed reforms, if implemented as currently being discussed, will actually prove regressive for developing country interests. Bridging the democratic deficit therefore requires a fundamental shift in the debate over governance reform, write Peter Chowla, Jeffrey Oatham and Claire Wren.
The oil boom made it possible. Venezuela, the fifth largest exporter of oil and petroleum products has developed into an important donor country in Latin America in the past three years. Petrodollar revenues of US$35bn in 2005 and a solid balance of payments surplus create sufficient leeway for altruistic capital export in the form of official financial aid. A survey by Bodo Ellmers.
India's state-sponsored car boom is inciting oil guzzling that the country cannot afford. The country is in the grip of an impending energy crisis. It is consuming more oil than ever before, and the growing transport sector is guzzling a lot of this oil. The 2007-08 Union budget must address this linkage between vehicles and energy insecurity, according to a new study on fuel economy in the transport sector, released by the Centre for Science and Environment (CSE). WDEV highlights the main findings.
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According to the new Development Co-operation Report of OECD?s Development Assistance Committee (DAC), aid donors will have to increase funding for aid programmes faster that any other public expenditure in order to fulfil their commitments to increase aid to $130bn and double aid to Africa by 2010. Aid funding, recently rising by 5% per year, would have to rise by 11% every year from 2008 to 2010 if promises should be met. WDEV gives a summary of the report with latest aid figures at a glance.
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