Search Results for 'Buy'
Shocks for developing countries from President Trump’s first weeks
Mr. Donald Trump’s first weeks as US President have sent shockwaves around the world, and it is the developing countries that will be most affected. This article by the South Centre’s Executive Director reviews the implications of Trump’s initial policies, including the blocking of (more...)Investment Book Launch, 18 May 2016
Title of Book: Investment Treaties: Views and Experiences from Developing Countries Title of Event: REFORM OF THE INVESTMENT PROTECTION REGIME (more...)Implications of Argentina’s Deal with “Super holdouts”: Need for an Urgent Revision to Bond Contracts and for a Debt Workout Mechanism
By Yuefen Li Argentina signed an agreement in principle on 29 February 2016 with four “super holdout” hedge funds including NML Capital Ltd, Aurelius Capital, Davidson Kempner and Bracebridge Capital. Buenos Aires would pay them a total of about $4.65 billion, amounting to 75 percent (more...)Discussing obligations of States and businesses
A meeting of a UN Human Rights Council working group recently discussed a treaty on the human rights effects of transnational corporations (TNCs) and other business enterprises. Below is the third part of the report on the meeting, focusing on discussions concerning the obligations of States (more...)Foreign Debt and Human Rights
In a side event during the 28th Session of the Human Rights Council organized by the Permanent Missions of Argentina and Cuba to the United Nations in Geneva, issues pertaining to the consequences of foreign debt on human rights were discussed. The session also addressed the (more...)Impact of Hedge Funds’ Activities on Human Rights
Yuefen Li, Special Advisor on Economics and Development Finance of the South Centre, made a presentation at the 14th session of the Human Rights Council Advisory Committee held on 25 February 2015 in Geneva, emphasizing the importance of the UN General Assembly process and the need to be (more...)Debt Restructuring Mechanism: Options for Moving Forward
The need for and nature of a sovereign debt restructuring mechanism had been discussed at a committee of the UN General Assembly, in accordance with a resolution of the UNGA to set up such a mechanism which is intended to help countries experiencing an external debt crisis. (more...)Battle hots up to curb ‘vulture funds’
Many countries are facing a worsening debt situation, and thus feel urgency to curb ‘vulture funds’ and to set up a global debt restructuring mechanism. Recent resolutions adopted by the UN Human Rights Council and the UN General Assembly are moving this process forward but the battle (more...)North’s policies affecting South’s economies
Dr. Yilmaz Akyuz, chief economist of the South Centre, delivered the keynote speech of the first session. Dr. Yilmaz Akyuz commenced his keynote presentation by noting that, since the onset of the crisis, the South Centre has argued that policy responses to the crisis by the EU (more...)Developing countries facing new economic problems
New economic problems are confronting several developing countries which faced sharp currency depreciation and capital outflows at the start of 2014. These are caused by the boom-bust cycles in capital flows originating in profit-seeking investor behaviour in developed countries. (more...)Turbulence in Emerging Economies: From Easy Money to Hard Landing?
Urgent steps are needed to deal with an economic crisis in the emerging economies that South Centre had warned of earlier.By Yılmaz Akyüz, Chief Economist, South Centre Before the world economy has been able to fully recover from the crisis that (more...)