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Last updateSat, 22 Jul 2017 6am

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Financial crisis could affect international aid and MDGs: UNCTAD

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


'Made in USA' crisis now affecting developing countries: Stiglitz

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


Global economy set to shrink, India loses half-a-million jobs

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


UN economic report calls for deep reforms in global financial system

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