Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Wednesday, March 13, 2024 Inter Press Service KUALA LUMPUR, Malaysia, Mar 13 (IPS) – Much higher interest rates – due to Western central banks – are suffocating developing nations, especially the poorest, causing prolonged debt distress and economic stagnation. US Fed-induced stagnation After the greatest US Fed-led surge …
Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Wednesday, December 13, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Dec 13 (IPS) – With the US Fed raising interest rates, the world economy is slowing as debt distress spreads across the global South, increasing poverty worldwide to pre-pandemic levels, with the poorest countries faring worst. Extreme poverty …
Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Wednesday, November 08, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Nov 08 (IPS) – Public-private partnerships (PPPs) for infrastructure and service provision are both costly and risky. Worse, PPPs typically fail to ensure universal, let alone fair access to public amenities. Public-private partnerships? PPPs usually involve long-term contractual …
Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Wednesday, October 18, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Oct 18 (IPS) – A senior manager of the world’s largest investment firm has ‘blown the whistle’ on ESG (environment, social and governance) ‘greenwashing’, especially on supposed climate finance. Wall Street whistle-blowerTariq Fancy was Chief Investment Officer (CIO) …
Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Wednesday, October 11, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Oct 11 (IPS) – Finance has increased, not reduced, greenhouse gas (GHG) emissions. Meanwhile, funding for mitigation, and especially adaptation, is grossly inadequate, with little for climate losses and damages. Global warming accelerating Rich countries are mainly responsible …