The International Monetary Fund (IMF) should not be an arbiter of discussions about which other multilateral financial institutions should qualify for preferred creditor status. This is because the IMF is a direct beneficiary of the creditor hierarchy policy. A preferred creditor status gives multilateral development institutions priority for the repayment of their loans should a…
Don’t feel guilty if you can’t make it to your kids’ after-school sports practices, says two-time Olympic gold medalist Abby Wambach. Leaving your kids with their teammates and coaches — without your supervision — can make them more resilient, conscientious and internally motivated athletes, the former U.S. Women’s National Team soccer star said in an Oct….
Breaking down barriers and restoring fairness in global development should be the goal of the Third UN Conference on Landlocked Developing Countries, Secretary-General António Guterres said at its opening in Awaza, Turkmenistan, on Tuesday. Urging global leaders to rethink development for landlocked nations, the UN chief declared: “We gather today to reaffirm a fundamental truth:…
CIVICUS speaks with Matthew Renshaw, a partner at a UK law firm that represents Nigerian communities taking legal action against Shell over environmental damage caused by its operations in the Niger Delta. Two Nigerian communities, Bille and Ogale, are suing Shell in the UK over decades of oil spills in the Niger Delta that have…
As the use of artificial intelligence (AI) tools becomes more prevalent in the workplace, businesses face new legal, ethical, and operational challenges. AI brings exciting opportunities to innovate, work more efficiently, and save costs, but allowing employees to use these tools without clear rules and guidelines can expose a company to risks, including data leaks,…
Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of…
