The aftershock of the global financial crisis threatens to deprive millions of children in the world’s poorest countries of an education, the 2010 Education for All Global Monitoring Report warns. With 72 million children still out of school, a combination of slower economic growth, rising poverty and budget pressures could erode the gains of the past decade. “While rich countries nurture their economic recovery, many poor countries face the imminent prospect...

China on Monday accused the developed nations of trying to “split” the developing countries to weaken their voice at the Copenhagen summit. It also called upon the developing countries to come together in the “common interest of mankind.” Interacting with a group of journalists here on Monday, Chinese Ambassador Zhang Yan said protests by the Alliance of Small Island States against the drafts prepared by G-77 countries and Brazil, South Africa,...

Indian policymakers are debating doing away with the mandatory rating of financial instruments in the long-term, among a set of measures aimed at strengthening the regulatory and disclosures regime for credit ratings. The expert group, set up by the High Level Coordination Committee on Financial Markets (HLCCFM), has made specific recommendations on improving and disclosing the way credit rating agencies rate financial instruments, and has sought debate on the very...

Faced with rising world hunger and “unacceptable” poverty, members of the Food and Agriculture Organisation Committee on World Food Security (CFS) have agreed on a wide-ranging reform, the FAO announced on Tuesday. The reform aims at making the CFS an “inclusive” international and intergovernmental platform dealing with food security and nutrition, and its being a central component in the evolving global partnership for agriculture, food security and nutrition. In addition...

Energy security is a major objective of all countries. Some are proactive and aggressive in this pursuit, like China; others like India are slow and procrastinate on major decisions and allow hope to overtake realistic assessments. This makes energy security in the foreseeable future an uncertain goal for India. Any discussion of energy security must keep in mind the Indian realities. Although in overall terms of commercial energy use to...