United Kingdom Cuts Aid to Ghana
United Kingdom has stopped funding projects and programmes due to Ghana's new status as a low middle-income country.
Legalised looting: Public Private Partnerships and financial extraction
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.
Clintons’ foundation has raised nearly $2 billion — and some key questions
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.
The Glamourous Double Standards of Celebrity Humanitarianism
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.
A “booby trap” found in Ukrainian bonds
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.
US $1bn aid illegal because it’s a coup – Ukraine President Yanukovych
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.
Saudi Arabia slams threats on aid: Arab and Islamic Nations got Egypt’s back
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.
Britain’s foreign aid has fallen into hands of al-Qaeda, DfiD admits
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.
World Bank: Kuwait Donates USD $50 million Towards Palestinian Development
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.
