The United Nations agency entrusted with accelerating sustainable industrial development in poorer states today pledged to help the world’s 49 least developed countries (LDCs), 33 of them in Africa, to withstand Global Financial Crisis. “The Global Financial Crisis is moving many LDCs into troubled waters with heightened risk to exports, investment, credit, banking systems, budgets, the balance of payments, and remittances, and, the most vulnerable are those countries which depend...

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...

With international talks on climate change starting next week in Copenhagen, India staked out its early position on Thursday by announcing that it would slow the growth of the nation’s greenhouse gas emissions by 2020, while also leaving open the possibility of taking bolder steps if an “equitable” deal can be reached during the negotiations. The Indian initiative, presented in Parliament by the country’s top environmental official, means that India has...

The President of International Fund for Agricultural Development stresses that access to funds for developing countries will help them make ethical decisions in the quest for food security. Just days before the UN Climate Change summit at Copenhagen, Kanayo Nwanze, President of IFAD (International Fund for Agricultural Development), stresses that access to funds for developing countries will help them make ethical decisions in the quest for food security. Nwanze was...

Change is the great constant of the world economy. India was still a colony when the allied powers shaped the international architecture at the end of World War Two. Today, India is a rising economic power that is contributing to world growth in new and powerful ways. Economic reforms in India and China, and the export-driven growth strategies of East Asia all contributed in the last 20 years to a world...