BRICS New Development Bank Launched In Shanghai

The five BRICS countries are home to 42.6 percent of the global population, 21 percent of the world’s economy and nearly half of the world’s forex reserves, but have been marginalized in the global financial landscape. For example, in the World Bank, the five have a total of only 13 percent of voting rights, while […]

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America’s Pakistan Policy Is Sheer Madness

Since 9/11, the United States has lavished Pakistan with nearly $8 billion in security assistance, $11 billion in economic assistance, and $13 billion in the lucrative program known as Coalition Support Funds (CSF). Since then, Pakistan has availed of significant U.S. weapons systems and armaments…What tangible benefits has Washington secured for these emoluments? Very few […]

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China’s Financial Commitments in Africa Are Far Higher Than Previous Estimates

China has committed $75bn (£48bn) on aid and development projects in Africa in the past decade, according to research which reveals the scale of what some have called Beijing’s escalating soft power “charm offensive” to secure political and economic clout on the continent. The Chinese government releases very little information on its foreign aid activities, […]

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The Great (British) Aid Mystery

One of the more bizarre mysteries of contemporary British politics is the ironclad, almost fanatical intensity of the government’s commitment to foreign aid spending and the activities of DFID, the Department for International Development. It is bizarre because the Prime Minister talks about foreign aid as if it’s all about famine relief and saving children’s […]

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Aid From India, Coming To A Country Near You

For reasons quite inexplicable, an important initiative of the government of India has gone completely unreported in the media. A new body for governing India’s outgoing development assistance, called the Development Partnership Administration (DPA), has been set up under the Economic Relations Division of the Ministry of External Affairs (MEA). Read Here – The Hindu

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