The UN issued an update of its ‘World Economic Situation and Prospects 2009’ last week, with some pretty gloomy downward revisions. Headlines: At least 60 developing countries (out of 107 for which they have data) will suffer a fall in per capita incomes this year, while only 7 will grow fast enough to reduce poverty (compared to 69 countries in

A new report pulls together the current evidence on the current and projected human impact of climate change. It’s not pleasant reading. Headline numbers: Every year climate change leaves over 300,000 people dead. This will rise to roughly half a million in 20 years. 325 million people are seriously affected, and economic losses amount to US$125 billion, more than the

The IMF shows some encouraging signs of turning policy promises into practice in its new Staff Position Note on how governments in Africa should respond to the crisis. It still wins no prizes for sparkling prose, alas: Overview: ‘Countries will need to weigh their options for fiscal policy responses. Countries with output gaps and sustainable debt and financing options have

‘False Economy: A Surprising Economic History of the World’, by Alan Beattie, the world trade editor at the Financial Times is published tomorrow in the UK and is already doing well in the US. It explores the historical backstory to current economic debates on trade, corruption, the ‘curse of wealth’ in oil and mineral producing nations, the rise of Russia, China

The Dambisa Moyo phenomenon shows no signs of abating, with a front page story in the FT and an elevation this month to Time Magazine’s list of the world’s 100 most influential people. The publicity is also selling a lot of books – she’s currently 3rd in Amazon US sales rankings for books on ‘policy and current events’ (no sour grapes there,

I read with sorrow but no great surprise about the death of yet another outstanding activist in a road crash. Tajudeen Abdul-Raheem, a renowned pan-Africanist, journalist and campaigner, died in a car crash in Nairobi, Kenya on 25 May – Africa Day. For an obituary and hundreds of affectionate farewells see Pambezuka News. Tajudeen (pictured), a Nigerian, was a fearsome

At the last minute, the UN has postponed its ‘Conference on the World Financial and Economic Crisis and its Impact on Development’ from 1-3 June to 24-26th June, still in New York. This will allow it time to sort out the draft conclusions and try and convince a respectable number of world leaders to attend. The process for arriving at

This week’s Economist has an excellent overview of the issues surrounding what it calls ‘outsourcing’s third wave’ (the first two were manufacturing and services) – deals in which foreign investors are buying up huge tracts of land in poor countries to produce food to ship back home (see map). Some highlights: Saudi investors are spending $100m to lease land from the

The African Development Bank is doing some excellent analysis and has just updated the paper submitted to the April G20 Summit by African Finance Ministers and Central Bank Governors (new paper here, original paper for G20 here). Main points: ‘For the first time since 1994, per capita income will contract in 2009 for the continent as a whole. Indeed a

I spoke at an UNCTAD symposium on the global crisis in Geneva this week (Oxfam’s pre-conference submission is here). A laudable attempt to get a conversation going with civil society organizations, but a classically frustrating UN event – dozens of developing country delegates mingling with NGOs and others, but any real exchange was deadened by a format of interminable lists

Shortly after the US election, I blogged about the promising discussions on US aid reform in Washington. Those are now starting to bear fruit. In late April, Howard Berman, Chairman of the House Foreign Affairs Committee, introduced a bill (The Initiating Foreign Assistance Reform Act of 2009–HR 2139). Here are some of his covering remarks: ‘This legislation is an important

Normally, I find the use of scenarios to think through policy issues pretty shallow and unhelpful. But a new paper on the institutional architecture for climate change, by Alex Evans and David Steven, has a horribly plausible and thought-provoking scenario among its three possible futures. A slightly truncated version follows in a couple of paras time. Evans and Steven argue