Opinion by Daud Khan (rome) Friday, June 03, 2022 Inter Press Service ROME, Jun 03 (IPS) – Developing countries are facing a combination of crises that are unprecedented in recent times. Over the last three years they have had to face the COVID-19 crisis, the food crisis, the energy crisis, the…
Opinion by Daud Khan (rome) Wednesday, June 01, 2022 Inter Press Service ROME, Jun 01 (IPS) – Developing countries – in Africa, in Asia, in Latin America and in the Middle East – are facing a combination of crises that are unprecedented in recent times. Over the last three years they…
Opinion by Matti Kohonen (london) Tuesday, May 31, 2022 Inter Press Service LONDON, May 31 (IPS) – At this year’s World Economic Forum (WEF) at Davos which ended last week, the attention of the world’s financial and economic elite was captured by the war in Ukraine whose president Volodimir Zelensky used…
Source: 2022 Global Report on Food Crises; 2022: projected Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, May 31, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, May 31 (IPS) – US and allied economic sanctions against Russia for its illegal invasion of Ukraine have not achieved…
Workers pictured at a home in Zimbabwe’s Mwenezi rural district, where 44-year-old Davison Chihambakwe, based in neighbouring South Africa, has helped upgrade and modernise some of the houses belonging to his family. He uses the money he sends after fleeing this country’s economic hardships 15 years ago. Credit: Jeffrey Moyo/IPS…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, May 24, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, May 24 (IPS) – A class war is being waged in the name of fighting inflation. All too many central bankers are raising interest rates at the expense of…
The economic and political crisis in Lebanon has left most households short on food. Now, the outbreak of war in Ukraine threatens to send food prices skyrocketing and push basic foods out of reach. Lebanon imports more than 50% of its wheat from Ukraine. Credit: UN World Food Programme (WFP)…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, May 17, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, May 17 (IPS) – Central bank policies have often worsened economic crises instead of resolving them. By raising interest rates in response to inflation, they often exacerbate, rather than…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, May 10, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, May 10 (IPS) – The world is being pressed by financial interests to raise interest rates, ostensibly to check inflation. After the US Federal Reserve started raising interest rates,…
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