Economy

The goal of the buddy system is not the artificial redistribution of wealth from the wealthier to the poorer countries. The goal is to facilitate interaction and exchange between the buddy countries on different levels, from administration to citizen initiatives.

By Lykke Andersen A lousy little loan, which seemed like a good idea at the time, doomed Micky to a life in extreme poverty and heavy indebtedness, while Savvy, who couldn’t get a loan, did very well. So, if you thought micro credit will help solve the problem of poverty, you might want to do a bit of math to understand the astonishing power of compound interest.

By Winston Mwale Leaders from 26 East and Southern African countries are meeting in Malawi's capital, Lilongwe to make final touches to an agreement that may see the formation of what could prove to be Africa's largest free trade area.The proposed Tripartite Free Trade Area (TFTA) is touted to improve the economic and social welfare of the citizens of the COMESA-EAC-SADC region.

Thirty-two of the world’s largest companies stand to see their profits jump by $109 billion more in 2020 as the Covid-19 pandemic lays bare an economic model that delivers profits for the wealthiest on the back of the poorest, according to a new Oxfam report released this week.

Pharmaceutical and tech companies and wealthy white Americans benefit from dramatic pandemic profits, further exacerbating inequality.

 The report, Human Mobility, Shared Opportunities: A Review of the 2009 Human Development Report and the Way Ahead, looks back at the last decade and assesses how future policy responses could facilitate safe, orderly, and regular migration.

Janakpur Handicraft Centre supports economically backward women in Nepal by giving them training, employment and other opportunities to get empowered.