Going by past experience, the financial crisis could mean cuts in developmental aid budgets by 30% or more, says a policy paper from UNCTAD More...

The global financial crisis that started in the US has impacted countries all over the world, including developing nations that have good financial market regulations in place, says Nobel Laureate Joseph Stiglitz More...

The automobile, gems and jewellery and textiles sectors have shed half-a-million jobs in India, with more pain on the way as the world economy shrinks further, says a new World Bank report More...

Among the reforms the report suggests are stronger regulation of financial institutions, an overhaul of the international reserve system, adequate international liquidity provisioning and more inclusive global economic governance to prevent a recurrence of the current economic crisis More...