Tag: Global South

IMF just made the case for its own irrelevance

- Michael Galant -

On Friday the 11th, the IMF announced policy changes that will save developing countries $1.2 billion per year. Despite the self-congratulations and fanfare, these reforms are only a tiny fraction of what campaigners had been asking for — and an even smaller share of what the Global South needs. This month,

Blue economy must benefit fishing communities in Global South

- Neena Bhandari -

The Global South is crucial for ensuring aquatic food security to feed the growing world population. It is imperative that blue economy initiatives benefit fishing communities in developing and small island nations, which are facing disproportionate impacts of climate change, says Dr Essam Yassin Mohammed, Director General of WorldFish, an

Hapless New Year for Global South

- Jomo Kwame Sundaram, IPS -

As dire economic predictions for 2023 did not materialise, pundits began 2024 far more optimistically. But policy ghosts from the last half-century will likely undermine such wishful thinking. Optimistic forecasts As New Year celebrations of different cultures decline with the coming of spring in the northern hemisphere, it is useful to review

Carbon market greenwashing systems deepen inequalities in Global South

- Joyce Chimbi, IPS -

Somalia, Syria, DRC Congo, Afghanistan, Yemen, Chad, South Sudan, Central African Republic, Nigeria, and Ethiopia are the 10 countries at greatest risk of climate disaster globally despite collectively contributing just 0.28 percent of global CO2 emissions. A climate-induced humanitarian crisis continues to unfold across these countries and many others in

Can the G-20 be a champion for the Global South?

- Darren Walker -

Change is coming to the G-20. Nearly a quarter century ago, the world’s 20 largest economies joined together to respond to the global financial crises of the 1990s. Though the group includes many countries from the global south, its wealthy Western members have often exercised the greatest influence while leaving