Crisis - Aid Effectiveness

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Nadia Afrin
Development Gateway, United States

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Crisis

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Global Economic Turmoil Having Dramatic Effects on Capital Flows to Developing Countries

web.worldbank.org -

Amidst global economic recession and financial-market fragility, net private capital inflows to developing countries fell to $707 billion in 2008, a sharp drop from a peak of $1.2 trillion in 2007. International capital flows are projected to fall further in 2009, to US$363 billion. The World Bank publication “Global Development Finance 2009: Charting a Global Recovery,” warns that the world is entering an era of slower growth that will require tighter and more effective oversight of the more...

Added by John Daly to Aid Effectiveness on July 01, 2009

Coping with the crisis: the EC's report on EU development finance

eurodad.org -

The European Commission released its annual development finance Communication: “Supporting Developing Countries in Coping with the Crisis”. Eurodad has summarized and analysed the main elements on four issues central to our work: aid effectiveness, debt, reform of international financial institutions, and taxation. The EC's annual Communication, based on questionnaires sent to Member States, is a useful, if limited, accountability exercise. It shows that much more needs to be done to implement more...

Added by Zunia to Aid Effectiveness on May 06, 2009

'UN to hold summit on financial crisis in June'

publicopiniononline.com -

'The General Assembly approved a resolution Tuesday inviting leaders of the 192 U.N. member states to a summit on the global financial crisis in June.......The summit at U.N. headquarters in New York from June 1-3 also will focus on reforming and strengthening the international financial and economic system.......The Group of 77, which represents 132 mainly developing countries and China, has already pledged full participation for the June summit.......A commission of experts chaired by Nobel more...

Added by John Daly to Aid Effectiveness on April 09, 2009

The London G20 Summit

londonsummit.gov.uk -

On the 2 April 2009 world leaders will gather in London to address the global financial crisis. Follow the London Summit live on this website! Watch streamed video of proceedings at the G20 meeting and events involving the world leaders gathered in London.

Added by John Daly to Aid Effectiveness on April 01, 2009

'World Bank Lowers Remittances Forecast for 2009 as Financial Crisis Deepens'

web.worldbank.org -

According to the World Bank: * Remittances will fall to $290 billion in 2009, from last year's high of $305 billion * Even with the drop, remittances will outstrip private capital flows and official development aid Top 5 Recipients of Remittances in 2008 * India: $45 billion * China: $34 billion * Mexico: $26 billion * Philippines: $18 billion * Poland: $11 billion

Added by John Daly to Aid Effectiveness on March 30, 2009

'Crisis 'will cost Africa $49bn''

news.bbc.co.uk -

'The financial crisis and global recession will see African economies lose up to to $49bn by the end of this year, research by ActionAid suggests. 'About $27bn of this was a fall in aid, export earnings and income from richer recession-hit nations said the charity. 'The lost income is equivalent to a 10% pay cut for the continent, it added.'

Added by John Daly to Aid Effectiveness on March 16, 2009

'A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad'

nytimes.com -

Bad as the economy is in the United States, it appears to be worse in much of the rest of the world. The United States looks to many hear and abroad to be a safe haven for their savings, and as a result the Obama administration may have funds to finance its stimulus packages; however, Eastern Europe and other economies may not have the money that they need.

Added by John Daly to Aid Effectiveness on March 11, 2009

'Developing world may need $700 billion: World Bank'

reuters.com -

'Developing countries could face a financing gap of $270-$700 billion -- equivalent to the latest U.S. economic rescue package -- to help deal with the effects of the global crisis, the World Bank said Sunday. The World Bank said even at the lower end of that estimate, resources of international institutions would not be sufficient to meet the financing needs as more and more emerging and developing countries are hit.'

Added by John Daly to Aid Effectiveness on March 11, 2009

'Swimming Against the Tide: How Developing Countries Are Coping with the Global Crisis'

siteresources.worldbank.org -

Developing countries face a financing shortfall of $270-700 billion this year, as private sector creditors shun emerging markets, and only one quarter of the most vulnerable countries have the resources to prevent a rise in poverty, the World Bank said. This paper was prepared by the World Bank staff for a meeting of the Group of 20 finance ministers and central bank governors. March 2009.

Added by John Daly to Aid Effectiveness on March 11, 2009

'Recession Watch: Boost the developing world'

nature.com -

'Sub-Saharan Africa's income growth in 2009 is projected at just 3.25%, down from 6.9% in 2007, and around 3 percentage points below the forecast of a few months ago. The Institute of International Finance based in Washington DC projects a collapse of private-sector financial flows to the world's emerging market economies (mainly middle-income countries such as Morocco in North Africa), from US$928.6 billion in 2007 to just $165.3 billion in 2009. International banks are expected to reduce more...

Added by John Daly to Aid Effectiveness on March 05, 2009

The Global Financial and Economic Crisis: What Impact on Multilateralism and UNESCO?

portal.unesco.org -

The UNESCO Future Forum held a session on this topic on 2 March 2009 at UNESCO Headquarters. Its purpose was to reflect on the ramifications of the present financial and economic crisis and their implications for international cooperation in general and in particular for UNESCO’s domains, namely education, the sciences, culture, communication and information. The one-day event had three goals: * Provide the Secretariat, Member States of UNESCO, media, NGOs and the public at large with more...

Added by John Daly to Aid Effectiveness on March 05, 2009

'Crisis Prompts Calls to Boost IMF Reserves'

washingtonpost.com -

'Since last fall, the IMF has lent more than $30 billion to Hungary, Belarus, Latvia, Serbia and Ukraine. All have been hurt by collapsing demand for exports; foreign investors who have pulled back sharply, partly to cover losses at home; and falling currency values. And some may be coming back for more..... 'Additional countries are expected to turn to the IMF for help as the crisis deepens, raising concerns about the fund's adequacy. 'IMF officials said there isn't reason to worry -- more...

Added by John Daly to Aid Effectiveness on February 24, 2009

Economic Crisis Will Kill Kids, Worsen Poverty

web.worldbank.org -

Sharply lower economic growth rates will significantly retard progress in reducing infant mortality. Preliminary estimates for 2009 to 2015 forecast that an average 200,000 to 400,000 more children a year, a total of 1.4 to 2.8 million, may die if the crisis persists. New estimates for 2009 suggest that lower economic growth rates will trap 46 million more people on less than $1.25 a day than was expected prior to the crisis. An extra 53 million will stay trapped on less than $2 a day. This more...

Added by John Daly to Aid Effectiveness on February 17, 2009

THE GLOBAL FINANCIAL AND ECONOMIC CRISIS: WHAT IMPACT ON MULTILATERALISM AND UNESCO?

portal.unesco.org -

This is a Power Point presentation by Hans d'Orville, head of the UNESCO planning office created for a session of the UNESCO Futures Forum to be held on March 2nd, 2009. The title is descriptive of the contents.

Added by John Daly to Aid Effectiveness on February 10, 2009

Will credit crunch affect HIV/AIDS funding?

plusnews.org -

Developing countries like Uganda, which is seeking funds for its HIV/AIDS programmes, could find themselves even more cash-strapped as donors caught up in the global economic crisis become more conservative in their spending.

Added by Laura Lopez Gonzalez, PlusNews to Aid Effectiveness on October 29, 2008

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