World Trade Is on Track to Hit a Record USD33 Trillion In 2024

By Jaya Ramachandran GENEVA | 5 December 2024 (IDN) — Global trade is poised to hit an all-time high of nearly $33 trillion in 2024. This marks a growth of 3.3% or $1 trillion increase driven by a 7% rise in trade in services, according to the latest Global Trade Update by UN Trade and […]

Sri Lanka: The IMF’s Remarkable Timing and a President’s Mandate for Debt Justice

By Darini Rajasingham-Senanayake* COLOMBO | 30 November 2024 (IDN) — At Annual Meetings in Washington in October, International Monetary Fund head Kristalina Georgieva claimed Sri Lanka as a debt restructuring ‘success’ story.[i] Left unsaid was that Sri Lanka’s external debt had ballooned from $26 billion to a purported whopping $100 billion during two years of […]

Behind a Surge in India-Russia Economic Relations

By Rajoli Siddharth Jayaprakash* NEW DELHI | 16 November 2024 (IDN) — In the past decade, the core drivers of India-Russia relations have begun shifting. The traditionally dominant military-technical partnership has declined, with India buying less Russian weapons, technology and military platforms. The economic pillar stagnated as military dealings slowed, with bilateral trade hovering around […]

Evolving Into an “Opportunity Economy” with Participatory Development

By Yossef Ben-Meir* MARRAKECH | 21 October 2024 (IDN) — The commitment of Kamala Harris’ U.S. Presidential campaign to create an opportunity economy—one that lowers costs and strengthens opportunities for working families and small businesses—has established goals that are consistent with observed outcomes of participatory approaches to community development around the world. The participatory approach […]

Cuts in Education, Health and Social Protection Trigger Rise in Economic Inequalities

By Rodney Reynolds NEW YORK | 21 October 2024 (IDN) — A new global index reveals that nine out of ten countries worldwide are pursuing policies that are likely to increase levels of economic inequality. Education and health cuts by nearly every country under World Bank and International Monetary Fund (IMF) programs are being described as “dispiriting, dangerous, […]

Multilateral Development Banks Play Crucial Role in Financing Global Public Goods

By José Antonio Ocampo and Karla Daniela González, Columbia University This article was first published in the 2023/2024 UNDP Human Development Report – Breaking the Gridlock: Reimagining cooperation in a polarized world –on 13 March 2024. NEW YORK | 14 March 2024 (IDN) — There is broad-based agreement among the United Nations and the Group […]

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