Full Coverage: Finance

08.07.2008 Barclays Bank has sold its shares in Global Coal Management – a British company building a controversial mine in Bangladesh – and should now remove all financial involvement in the project, says a leading UK development lobby group.

04.07.2008 Two extra cents for every $1 that the G8 countries have spent bailing out the banking industry would relieve the suffering of the 290 million people hit hardest by today’s food crisis.
+ Three nails in the coffin

02.05.2008 South Asian Fund Raising Group (SAFRG), a Delhi based trust, is organising its 19th International South Asian Fundraising Workshop from August 23-26, 2008 in Agra, India. The workshop aims to build the capacity of the voluntary sector through training, knowledge sharing and networking activities in the area of resource mobilisation.

28.03.2008 Zambia has been forced to reallocate resources intended for poverty alleviation to pay a "vulture fund," a company that scammed the impoverished nation to make millions off its cancellation of a 1999 debt, writes an organization promoting African development.

14.03.2008 HARARE, Mar 14 (OneWorld) - Members of once esteemed professions in Zimbabwe -- teachers, nurses, and doctors -- have gone on strike over the paltry purchasing power of their wages.

11.03.2008 Mumbai’s Sangini Women's Co-operative Bank is a beacon of hope for the sex workers of Kamathipura. By providing a monetary buffer to its red-light district clients, this small Indian bank seeks to change the lives of these women for the better by making them less vulnerable to debts.

07.02.2008 NEW YORK, Feb 7 (OneWorld) - Environmental campaigners scored a major victory this week as some of the nation's top banks agreed to link energy sector investment with initiatives to combat climate change.

01.11.2007 Wealthier nations are not living up to their international aid commitments, and private donors, despite their generosity, can't fill the gap.

09.10.2007 NEW YORK, Oct 9 (OneWorld) - Calls for substantial changes in loan conditions for poor countries are on the rise as the new International Monetary Fund (IMF) chief prepares to take office next month.

27.09.2007 The World Bank has decided not to be ‘tried’ by the Tribunal’s jury. A statement released by the Bank on the concluding day of the IPT, while claiming interest in an open public debate, has cited its reasons for abstaining itself.

27.09.2007 The Independent Peoples Tribunal (IPT) on the World Bank in India has held the Bank’s policies and projects guilty of causing untold sufferings among millions of poor and of violating human rights. The four-day hearing was attended by activists, civil society groups, academics, policy analysts and project affected communities who presented evidence against the Bank.

27.09.2007 WASHINGTON, Sep 27 (OneWorld) - Civil society activists from Zimbabwe recently traveled to the United States to lobby for a more just international economic structure and to raise awareness about their country's devastating economic crisis.

08.09.2007 NEW YORK, Sep 8 (OneWorld) - Less than one month after a devastating mining incident rocked the United States, a coalition of some of the world's leading environmental and humanitarian aid groups is calling for tighter environmental and safety rules for the global mining projects financed by the World Bank.

27.08.2007 Asian Development Bank and the World Trade Organization, in partnership with the Philippine Government, is hosting a two-day conference on "Mobilizing Aid for Trade: Focus Asia and the Pacific" on 19-20 September at Manila, Philippines. It will bring trade and finance ministers, key donors, and the private sector to focus on the trade and infrastructure challenges facing the Asia and the Pacific region.

11.07.2007

28.06.2007 The Strengthening Rural Credit Cooperatives Project of the World Bank supports the Indian Government programme to reform and revitalise the country's rural Credit Cooperative Banks (CCBs) by making them efficient and commercially-viable institutions that also are responsive to the financial needs of the Indian farmers.

21.06.2007 WASHINGTON, Jun 21 (IPS) - Environmental campaigners are urging several heavyweight investment firms, including Credit Suisse, Barclays, Fortis Group and Merrill Lynch, to shoulder some responsibility for a catastrophic mud volcano on the Indonesian island of Java that resulted from a gas project the firms helped fund.

30.05.2007 NEW YORK, May 29 (OneWorld) - Whoever takes charge of the World Bank in July must be elected, not selected, say experts on global financing for development in a survey conducted by a U.S.-based independent think-tank.

23.05.2007 BRUSSELS, May 23 (IPS) - Mobile phone banking is expanding across the region from South Africa to Kenya and is putting the poor directly in control of their own finances like never before.

23.05.2007 A recent G8 Finance Ministers Meeting held in Potsdam, Germany, overlooked their failure to deliver the promised aid of US$ 50 billion a year to Africa. Oxfam International’s research on current trends of G8 reveals that it had defaulted on its earlier aid commitments made in 2005.