September 11th, 2009
The New York Times is
reporting that the US Treasury has determined that developing countries need a lot more money to cope with global climate change - but the Treasury doesn't know where to find the money. The Treasury department is expected to present their findings in a paper to the G-20 in Pittsburg. From the
NYT:
The paper (pdf), to be presented along with two others when G-20 leaders meet in Pittsburgh this month, calls for public financial flows "to be increased significantly beyond existing levels, starting in the near...
September 9th, 2009
This picture, dug out of a new report from Oxfam-France, tells it all. This is why development organisations are getting interested in the offshore system and international tax matters, at last.
It is the visual counterpart of the sentence uttered by Raymond Baker of Global Financial Integrity in Washington, comparing foreign aid inflows to developing countries with the secret outflows:
"for every $1 that we have been generously handing out across the top of the table, we in the West have been taking back some $10 of...
August 11th, 2009
A new
report released by the Leprosy Mission Ireland which criticizes the Millenium Development Goals as favoring rich countries also recognizes the importance of shutting down tax havens as a development imperative. From the
Irish Times:
MANY OF the policies adopted by the UN to end global poverty are “unrealistic and unattainable” because they advance the interests of the rich at the expense of the poor, according to a report by Leprosy Mission Ireland.
It analyses the “failures” of the millennium development goals, criticises the way target goals were selected...
August 10th, 2009
A major report on the Millennium Development Goals (MGDs) published by Leprosy Mission Ireland and launched by Minister Peter Power, Minister of State with responsibility for Overseas Aid calls for radical new thinking on development and aid with several recommendations to address the failure of the MDGs.
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