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Bretton Woods Institutions: Frozen in Time

Details: Written by Alok Sheel; Category: Analysis; Created: 11 January 2015

The Bretton Woods conference of 1944 put in place the institutional framework to rebuild the financial and economic system destroyed by the Great Depression and the War, spawning two of the most influential institutions of global economic governance of the post war period, namely the International Monetary Fund (IMF) and the World Bank (WB). The international monetary system was repaired by pegging the dollar to gold, and other international currencies to the dollar.

The Rise and Fall of the World's Poorest Nations

Details: Written by Thalif Deen; Category: Analysis; Created: 08 January 2015

The world’s 48 Least Developed Countries (LDCs) – a special category of developing nations created by the General Assembly in 1971 but refused recognition by the World Bank – have long been described as “poorest of the poor” in need of special international assistance for their economic survival.

But only three – Botswana, Cape Verde and the Maldives – have so far “graduated” from being classified as an LDC to a developing nation, based primarily on their improved social and economic performance.

World Bank WDR2015: Programming the Poor

Details: Written by Paul Cammack; Category: Analysis; Created: 07 January 2015

Read this excellent article of Paul Cammack on the latest World Development Report of the World Bank. Global Social Justice also referred to this report in its newsletter of last month.

Mr Ban has a dream ...

Details: Written by Human Wrongs Watch; Category: Analysis; Created: 06 January 2015

In his message on the International Day, Ban said this year’s observance comes as the world shapes a new sustainable development agenda to succeed the Millennium Development Goals (MDGs), the largest anti-poverty campaign in history, by 2015.

Member States, the UN system, experts, representatives of civil society, business executives and millions of individuals from all corners of the globe, have come together with a shared sense of purpose to make the most of this once-in-a-generation opportunity.