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.
It is not obvious that a well-to-do country financially supports poorer countries solely because it has the potential to do so. As is known, only a few of the old money countries in the North meet their international obligation to dedicate 0.7% of GNP to development co-operation ... ... this article of WDEV Issue 2/2007 is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick an option or >>> buy the article.
Posted: 7 March 2007
More on the subject: * The New Landscape of Lenders and the World Bank >>> WDEV Issue 1/2007 * A Spectre is Haunting Latin America: "Populism" doing well >>> here. * Brazil Joins Donors: US$20m for IFIm >>> here.
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
Recent disturbing trends in international finance have particularly problematic implications, especially for developing countries. The new United Nations report, World Economic Situation and Prospects 2017 (WESP 2017), is the only recent report of a multilateral inter-governmental organization to recognize these problems, especially as they are relevant to the financing requirements for achieving the Sustainable Development Goals (SDGs).
The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government announced measures that go against the present economic rules while not proposing new ones.
The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016.
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.