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.
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.
The year 2015 was marked on the one hand by the inability of the European Union (EU) to emerge from the crisis, and on the other by a dramatic rise in the number of people taking flight from their homes and from their homelands, because of wars and terrorist attacks, in many cases caused by the destructive policies of the EU and of its member states.
The world economy stumbled in 2015 and only a modest improvement is projected for 2016/17 as a number of cyclical and structural headwinds persist, says the United Nations World Economic Situation and Prospects (WESP) 2016 report. Global growth is estimated at a mere 2.4% in 2015.
Within a few weeks leftwing governments in Latin America have experienced a breath-taking decline. The Latin American (centre-) left forces suffered several strategic defeats. They occurred in the biggest Latin American economies. First in Argentina, than in Venezuela, and also in Brazil the days of an uncontested majority of left forces are definitely over now.
14 years after their previous strategy on gender mainstreaming, the WBG has decided to develop a new Gender Equality (GE) Strategy. This briefing document presents WIDE+ critical reflections and key recommendations to enhance the new World Bank Group's (WBG) strategy on Gender Equality.