Tag Archive | global financial crisis
Implications of the financial crisis for developent finance and global governance
Mold, A.; Paulo, S. and Prizzon, A. (2009). Implications of the financial crisis for developent finance and global governance. (OECD Development Centre working paper ; no. 277). 48 p. Full text Abstract This paper examines how the different forms of development finance for low-income countries are likely to be affected by the global financial crisis, […]
Peru: Ministers approve legislation to accelerate public works tenders
Peru’s ministerial council has approved a law to cut in half [from 60 to 30 days] the timeframe for awarding public potable water and sanitation tenders, local press reported. Together, the initiatives account for US$1.5bn in the 2009 budget. [...] The new legislation will apply not only to ministries but also to regional and local […]
Colombia: IDB approves US$250mn for water programs
The Inter-American Development Bank (IDB) has approved a US$1.3bn loan to Colombia aimed at infrastructure works, as well as soothing the effects of the global economic crisis in the country. [This includes] US$250mn [for] water programs [in the form of] rapid disbursement loans. Potable water and sanitation programs for Pasto, the capital of Nariño department, […]
Peru: pension funds to invest in infrastructure soon through trust
A trust created by Peru’s private pension fund managers (AFPs) to invest in infrastructure projects will soon start to operate, local daily Expreso reported. [These funds] have suffered greatly since the onset of the global financial crisis and they are now looking for more stable investment alternatives, like infrastructure. Peru’s state development bank Cofide will […]
Japan unveils $5 bln green loans for Asia at G20
Japan announced a $5 billion loan fund on Saturday [14 March 2009] to help developing nations, hard hit by the global credit crisis, to put in place running water, solar power systems and other environmental infrastructure. [...] Under the initiative, announced by [Finance Minister Kaoru] Yosano at the G20 [Finance Ministers and Central Bank Governors […]
Colombia: anti-crisis plan includes US$2bn for potable water initiatives, Uribe
Colombia will spend US$2bn on potable water initiatives as part of the country’s anti-crisis investment plan, President Álvaro Uribe told BNamericas. The investment will cover potable water treatment, expansion, improvement and maintenance initiatives. Works will generate jobs, combating the effects of the global financial crisis, and improve quality of life for Colombians, Uribe said. [T]he […]
Colombia: water project benefits from government’s anti-crisis investment plan
Water and sanitation projects may benefit from government measures to combat the financial crisis by investing in infrastructure as recommended by the 2004 Nobel Prize winner for economics, Finn Erling Kyland, has recommended. Colombia’s Norte de Santander department, will receive 30bn pesos (US$12.2mn) for water and sanitation works as part national government’s anti-crisis investment plan. […]
UK: Thames Water to axe up to 300 jobs
Up to 300 people at Thames Water are set to lose their jobs as the company tightens its belt in the face of rising costs and falling income. [...] Thames bosses said [...] that the job cuts are part of a planned restructuring programme which has been brought forward as a result of the recession […]
WaterAid: recession has “hugely” reduced purchasing power of its funds, says Chief Executive
The 2008 Financial Times Seasonal Appeal has helped raise £144,000 in the UK for the charity WaterAid. From November 2008 to mid-January 2009, FT published a series of a field stories on WaterAid projects in Bangladesh, Nepal, Mali and Ghana. In her letter of thanks, WaterAid’s chief executive Barbara Frost also briefly reflected on the […]
The Poor Must Not Pay for the Crisis
Renewed ODA commitments by the aid community -in line with the OECD’s call for an aid pledge-, greater regulatory independence in the governance of the international financial system, and higher quotas for emerging economies in regional development banks: these are some of the proposals that came to light at the OECD Global Forum on Development on the implications […]
