On Nov. 7, a presidential election will be stolen. One week from this Sunday, the profoundly unpopular Nicaraguan President Daniel Ortega and his wife, Vice President Rosario Murillo, will declare themselves the winners after one of the most grotesque reelection campaigns in recent memory. We know they will win, among other reasons, because they have imprisoned all the other candidates who sought to challenge them at the polls. Ortega and Murillo might have won without resorting to such a blunt instrument of tyranny, because they had already used their somewhat less blunt anti-democratic instruments to dismantle the checks and balances […]
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October has been a busy month in the field of sustainable finance. China, the world’s largest bilateral creditor, hosted the Conference of the Parties to the Convention on Biological Diversity; public development banks recommitted to aligning their practices with the Paris Agreement at the Finance in Common Summit; and the United Nations Conference on Trade and Development and the World Economic Forum jointly launched a Global Alliance for Sustainable Investment. This weekend, leaders from the G-20 countries will meet in Rome and renew their commitment to climate finance. And next month, the world’s governments will meet in Glasgow for the […]
A new agreement negotiated under the auspices of the G-20 and the Organization for Economic Cooperation and Development aims to crack down on tax havens by subjecting the world’s largest and most profitable multinational corporations to a minimum corporate tax rate of 15 percent. The deal has been agreed by 136 countries and jurisdictions, collectively representing more than 90 percent of the global economy. The OECD is hoping it will become effective by 2023. Many economists and commentators argue that such a deal is long overdue, given the ability of many gigantic corporations to avoid paying taxes on all or […]
Editor’s Note: This is the web version of our subscriber-only Weekly Wrap-Up newsletter, which gives a rundown of the week’s top stories on WPR. Subscribe to receive it by email every Saturday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. Last month, the surprise announcement by the U.S., U.K. and Australia of their trilateral AUKUS security partnership sent shockwaves across the Indo-Pacific and put China on notice that Washington was adding some bite to its “pivot to Asia.” This week, the shoe was on the other foot, as news broke that China reportedly […]
BOGOTA, Colombia—They have become known as the country’s “last guerrillas,” and their insurgency, one of the longest-running in the world, is often called Colombia’s “other war.” This month, The National Liberation Army, widely known by its Spanish initials ELN, vowed to take reprisals after government forces killed one of its top commanders, prompting security alerts and the deployment of Colombian troops to protect potential targets in the country’s major cities. Ogli Angel Padilla Romero, better known by his alias, Fabian, died in a hospital in the western city of Cali after being injured in a military air raid that targeted […]
No animal on the planet is responsible for more death than the mosquito. They may lack the shark’s sharp teeth, the snake’s poisonous bite or the crocodile’s powerful jaws, but they carry parasites that cause malaria, which sickened 229 million people and killed more than 400,000 in 2019 alone. Reducing the prevalence of malaria has long been a top global health priority, but mosquitos’ ability to develop resistance to insecticides and the emergence of new drug-resistant strains of the disease have continually stymied treatment and prevention efforts. Humans may have finally found a way to fight back. Earlier this month, the World Health Organization officially approved the first-ever malaria vaccine, […]
COVID-19 has walloped the world’s women. As the virus spread, women—who are overrepresented in hard-hit industries like food service, hospitality, education and, crucially, health care—found themselves vulnerable, unemployed and without a social safety net, and often neglected by government crisis responses. Closures of businesses and schools, necessitated by social distancing, have pushed millions of women from the global workforce: Worldwide, women lost 64 million jobs—$800 billion in earnings—in 2020. At the same time, women’s retreat to the home widened gendered inequities in household labor, as women shouldered ever-greater child care responsibilities and more domestic chores. More time at home also […]
While the Biden administration tries to navigate the domestic political obstacles to implementing the president’s so-called Build Back Better plan, it has quietly started laying the groundwork for a parallel program with major geopolitical implications. Just getting off the ground, Build Back Better World, or B3W, is a plan to improve global infrastructure, widely defined, with an eye to not only raise living standards but, just as importantly, to counter China’s growing influence. The idea was formally announced by the Group of Seven leaders during the G-7 summit last June. It aims to take on China’s high-profile Belt and Road Initiative, or […]