When it comes to infrastructure – roads, railways, power plants, ports and the like – the policy prescriptions from the World Bank and other international financial institutions sound like a badly scratched record.
Since its creation in 2001, the Bill, Hillary and Chelsea Clinton Foundation has raised close to $2 billion from a vast global network that includes corporate titans, political donors, foreign governments and other wealthy interests.
A culture in the development and humanitarian field has emerged in which nearly anybody can be actively involved, regardless of experience, knowledge of poverty or even maturity level which has enabled a booming voluntourism trade, a global movement of slacktivists and a trend of celebrity humanitarianism, where glamour trumps merit when it comes to brand ambassadors.
While the US, the EU and the IMF are looking for a way to help the illegitimate Ukrainian “government” avoid a default, financial experts have discovered that provisions attached to Ukraine's Eurobonds will ensure that at least 3 billion dollars from any western aid package will go into Russia's coffers.
Ukrainian President Viktor Yanukovych spoke out against the coup d’état and made a case that USA is breaking its own laws by giving money to Nazi bandits who illegally took the government by force.
Swiping at the West, Saudi Arabia says the Kingdom, Arab and Islamic nations will step in to help and will cover the loss to Egypt if Western countries cut their financial aid.
Almost half a million pounds of British taxpayer-funded aid and equipment has fallen into the hands of al-Qaeda, the Department for International Development has admitted.
The government of Kuwait signed on Tuesday, an agreement with the World Bank for the donation of USD $50 million for the Palestinian Reform and Development Program (PRDP). In this donation, an additional USD $230 million donated by Kuwait to The Multi-Donor Trust Fund (MDTF) administered by the World Bank.