Brazilian president Lula’s proposals have the backing of the World Bank. Now we need action All things considered, the world’s richest countries have emerged from the global pandemic in better shape than they could have imagined when Covid-19 first appeared just over four years ago.To be sure, the impact of lockdown and its aftermath has been painful, but the effects on poor countries have been far more severe. Continue reading
Better access to financing mechanisms and other policy shifts required for the large-scale expansion of nuclear energy were outlined when the International Atomic Energy Agency made its first-of-a-kind contribution to the G20 policy-making process.
Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020The mechanism for providing debt relief to the world’s poorest countries is failing to produce results and requires a major rethink, a senior official at the World Bank has said.Indermit Gill, the bank’s chief economist, said that after four years the G20’s common framework – designed to speed up and simplify debt restructuring – had not provided a single dollar of...
Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis‘Why we need a global tax on billionaires’The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250bn a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.In a sign of growing international support for a levy on the super-rich, Brazil,...
Bank of Ghana Governor Dr Ernest Addison is making a strong case for the G20 Common Framework to be enhanced to fast-track discussions on debt negotiations and cancellation for least developing countries. The Bank of Ghana Governor maintained that this will “promote rapid, transparent, and equitable resolution of debt as well as facilitate debt cancellation […]