* Minister Niebel's Leitmotiv: "German Interests". Provincialism instead of political farsightedness Barely in office, German development minister Dirk Niebel unambiguously mapped out the road: he wants to ensure that development cooperation once again focuses on German interests. This position provoked—probably intentionally—protest from the greater part of the German development community. For them the Federal Ministry for Economic Cooperation and Development (BMZ) is supposed to be the advocate of the developing countries within the chorus of ministries. A comment by Roger Peltzer
* The Baltic Future of Greece. Likely consequences of IMF and EU conditionalty Latvia and Estonia show us what Greece may look forward to if it follows the advice it gets from the International Monetary Fund (IMF) and the European Union. As noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25% of GDP, a study (see reference) shows. A comment by Mark Weisbrot
* IEG Evaluated World Bank's Gender Support. Findings of the new Gender and Development report The evaluation of the Independent Evaluation Group (IEG) of the World Bank’s support for gender issues between 2002 and 2008 is of significant relevance in the light of the Beijing+15 review, meaning 15 years after the landmark 4th World Women´s Conference 1995 in Beijing and its launching of gender mainstreaming as crucial strategy for all institutions and organizations. Comment by Christa Wichterich
* Pressure on Workers Grows as Crisis Hits Jobs. 101 trade unionists murdered in 2009 The International Trade Union Confederation’s Annual Survey of Trade Union Rights (see reference) has documented a dramatic increase in the number of trade unionists murdered in 2009, with 101 killings – an increase of 30% over the previous year. The new Survey also reveals growing pressure on fundamental workers’ rights around the world as the impact of the global economic crisis on employment deepened. A WDEV summary
After decades of isolation - imposed by major OECD countries out of concern for the country's human rights violations - Myanmar is emerging as a new darling of the "West" - judging by the accelerating succession of visits by senior officials and gurus. New groups of investors are waiting to enter the country as soon as possible.
Persistent high unemployment, the euro area debt crisis and premature fiscal austerity have already slowed global growth and factor into the possibility of a new recession. Now the United Nations have downgraded significantly its forecasts for the world economy in the next year.
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.
While the G20 efforts to manage global aggregate demand, exchange rate management and stronger regulation of the international financial sector have not worked out quite as planned, in Cannes the Group was further solidifying its role in directing the system of multilateral institutions.
In November 2011, the German Federal Ministry for Economic Cooperation and Development (BMZ) is celebrating its 50th anniversary.The new Minister, Dirk Niebel of the (neo)-liberal FDP has launched a 'radical change of course'. In the recent edition of the Reality of Aid shadow report the change is analyzed.