In The News

White House Cool to North Korean Offer of Talks

Reuters October 21, 2002
Although the US sent a new shipment of fuel oil to North Korea two days after the latter admitted having a secret nuclear weapons program, the White House says it won’t "reward bad behavior." Unnamed Bush administration officials implied that the 1994 accord with North Korea agreed to give North Korea nuclear reactors and fuel oil in exchange for shutting down weapons-related...

World Donors Praise Kabul’s Budget and Development Plans

Carlotta Gall October 14, 2002
With the majority of its institutions and infrastructure in ruins following first civil war and then the war on terror, Afghanistan is urgently seeking international aid that would allow the country to get back on the road towards self-sufficiency. President Karzai and his government estimate the country will need at least $10 billion over the next few years to develop a viable economy. Thus...

RI No Longer Needs IMF Loans, Development Planning Minister Says

October 10, 2002
Indonesian State Minister of National Development Planning, Kwik Kian Gie, says that loans from the International Monetary Fund have helped little in his country's efforts to rebuild its economy. Out of the $43 billion promised to Indonesia, only $9 billion has arrived. And, according to the terms of the loan agreements, that money cannot be touched until the country has exhausted its own...

The Next Wave of HIV/AIDS: Nigeria, Ethiopia, Russia, India, and China

October 1, 2002
The US National Intelligence Council says the number of people with HIV/AIDS will grow significantly by the end of the decade. The increase will be driven by the spread of the disease in five populous countries—Nigeria, Ethiopia, Russia, India, and China—where the number of infected people will grow from around 14 to 23 million currently to an estimated 50 to 75 million by 2010. This estimate...

Between Famine and Politics, Zambians Starve

Henri E. Cauvin August 30, 2002
The debate over the use of genetically modified foods in the developing world has reached a critical point of urgency – life or death. While 14,000 tons of corn meal sit untouched in Zambian warehouses, lodged between political and economic concerns, millions starve daily. The President of Zambia, Levy Mwanawasa, fears that the influx of GM corn will cause mutations in corn grown in the region...

Brussels Refuses to Back GM Food For Africa

James Lamont August 22, 2002
As globalization extends its reach, the use of technology becomes an issue that affects both advanced and developing nations. The United States has been supplying southern African countries with genetically modified (GM) crops as famine relief. But some NGO’s believe that the US is trying to use southern Africa’s poverty to push for global acceptance of genetically modified food. Although the WHO...

Baffled by Brazil

Ricardo Hausmann August 14, 2002
Emerging markets such as Brazil and Uruguay need stability in order to sustain growth. The goal behind IMF and US foreign aid should thus be to provide stability. However, Paul O’Neill (US Treasury Secretary), the IMF, and US foreign aid serve more to hurt than to help economic stability, argues Harvard Government Professor Ricardo Hausmann. In order to protect emerging markets when financial...