These are some of the views and reports relevant to our readers that caught our attention this week.
Commodity crash has dragged back world’s poorest countries, finds UN
Public Finance International
In a report on the progress of the world’s least developed countries (LDCs), published yesterday, the United Nations warned that a drop in international support also means these countries are likely to remain locked in poverty. It predicted the world will miss its target to halve the size of the LDC group by the end of the decade. The 2030 Sustainable Development Goals, which were agreed by world leaders last year and include targets on ending extreme poverty, are also at risk. “These are the countries where the global battle for poverty eradication will be won or lost,” said Mukhisa Kituyi, secretary general of the UN Conference on Trade and Development, which produced the report. “A year ago, the global community pledged to ‘leave no one behind’, but that is exactly what is happening to the LDCs.” Global poverty is increasingly concentrated in the 48 LDCs, which comprises mostly of African and Asian nations alongside some Pacific island states and Haiti.
OECD Recommendation of the Council for Development Cooperation Actors on Managing Risks of Corruption
There is strong awareness among the global community that corruption poses serious threats to development goals and that international development agencies have a common interest in managing and reducing, to the extent possible, the internal and external risks to which aid activities are exposed, in order to obtain effective use of aid resources. This Recommendation of the Council for Development Co-operation Actors on Managing the Risk of Corruption (Recommendation) promotes a broad vision of how international development agencies can work to address corruption, including the bribery of foreign public officials, and to support these agencies in meeting their international and regional commitments in the area of anti-corruption.