The impact of India s Covid crisis will be felt across the world
What is happening in India could be the catalyst for serious political disturbances in many developing nations
28 April 2021 • 12:42pm
What seems to be happening in India is clearly a human tragedy. Even accounting for the size of India’s population it seems astonishing that the country saw over 362,000 new coronavirus cases on Tuesday, while the country has officially surpassed 200,000 Covid deaths – itself a possible under count. In Delhi, one person is apparently dying every 4 minutes from the virus. If that is happening in the capital – and other large cities are seeing oxygen supplies fail on a massive scale – one can only imagine what is happening in smaller cities and towns, as well as rural areas (although transmission would presumably be more limited due to lower population density).
New UNDP study reveals the magnitude of limited debt relief eligibility for developing economies indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.
Posted on April 1, 2021
New UNDP study reveals the magnitude of limited debt relief eligibility for developing economies
Two-thirds of external ‘debt service at risk’ is not covered by current relief initiatives, putting at risk years of progress on poverty and the future resources needed to deal with climate change
Photo: UNDP Viet Nam/Tran Vinh Nghia
Washington Bold new mechanisms are urgently needed to help low- and middle-income countries address crippling debt, sharply worsened by the COVID-19 pandemic, threatening vital investment to tackle poverty and climate change for years to come, the United Nations Development Programme (UNDP) says in a new report. The study, published today, echoes a call by the UN Secretary-General for more aggressive moves to fight debt distress in countries lacking resources to manage it.
China’s National People’s Congress starts amid rising geo-political tensions
The annual week-long meeting of China’s National People’s Congress (NPC) began yesterday, overshadowed by a continuing rise of tensions with the US. Just weeks after his inauguration on January 20, President Joe Biden has already set out to escalate the confrontation with China that had its origins in the Obama administration’s “pivot to Asia,” of which Biden was a part, and was intensified under Trump.
The discussion at the NPC is shaped by fears in Beijing that Biden will continue Trump’s aggressive trade war measures, naval provocations in the South China Sea and Taiwan Strait, close to the Chinese mainland, and a broader military build-up in the Indo-Pacific in preparation for war.
11 March 2021 15:00–16:30 Zoom ID: 925 2226 8903 Passcode: 083847
Covid-19 and economic responses to it have amplified and changed the nature of development challenges in fundamental ways. Global development cooperation should adapt accordingly. How have changes to global growth, debt, budget deficits and taxes, aid, capital markets, along with poverty and vulnerability changed the development context over the long-term?
We suggest that aid is moving beyond altruism to become an instrument of national self-interest and of better planetary management of the global commons. Metrics of environmental sustainability and social inclusion performance, as well as governance, will become more important determinants of aid’s effectiveness. Prominent among these is far more ambitious use of multilateral and national developmen