Ema Bregović a commencé son parcours artistique à l'Atelier de Sèvres à Paris, puis a poursuivi ses études à l'École des Beaux-Arts de Nantes. Au cours des dix dernières années, Ema a réalisé de nombreuses œuvres sculpturales et a exposé lors d'expositions collectives et individuelles à Istanbul, Zurich, Belgrade, Kragujevac, etc. Le titre de l'exposition "Jeu de main, jeu de vilain" est un jeu de mots et de sens. Souvent adressée aux enfants, l'expression met en garde contre les (…)
- Agenda / Serbie, Région parisienneIf not stopped, the annual flow of plastic into the ocean will nearly triple by 2040, to 29 million metric tonnes per year, 50 kilgrammes of plastic for every metre of coastline worldwide. Credit: UN Development Programme (UNDP)
By Sulan Chen, Inka Mattila and Vera Hakim
UNITED NATIONS, May 30 2024 (IPS)
Scattered over the vast area of our oceans, Small Island Developing States (SIDS) are often pictured as blue, serene and beautiful paradises. However, we are risk losing the beauty of these islands, due to the triple threats of climate change, loss of biodiversity, and pollution, especially marine plastic debris.
If business continues as usual, the annual flow of plastic into the ocean will nearly triple by 2040, to 29 million metric tonnes per year, equivalent to 50 kilogrammes of plastic for every metre of coastline worldwide. Soon, the ocean will turn into plastic soup, and islands will be covered in, and surrounded by, plastic waste.
Despite their small land areas, some SIDS have identified themselves as large ocean states due to their large exclusive economic zones. Their economies are dependent on fisheries, aquaculture and tourism. They contribute to less than two percent of mismanaged plastic waste, yet are disproportionately impacted by both land- and sea-based plastic waste through leakage at every point along a plastic production and supply chain. Washing far ashore from where the waste is generated, plastic waste ends up on the coastlines of SIDS and in our food supply.
Lack of land often means waste is often burned or dumped into the sea. Most islands do not have waste management facilities. Waste management has become a complicated issue. SIDS’ remote locations constitute a significant challenge in organizing inter-island logistics, and limited resources lead to bigger challenges regarding the management of plastic litter.
Many plastic products, especially single use packaging, cannot be recycled due to the additives and variety of plastics, the prohibitively high cost of sorting and collection, and the low cost of new plastics. The first measure is to identify what is of essential use and eliminate problematic and unnecessary plastics.
A national multi-stakeholder process should be established to assess the status of plastics consumption, backed up with solid scientific data and analysis. National policies should ban the import of certain problematic materials based on scientific assessment and public consultations. Field experience evidence has demonstrated the effectiveness of grass-root initiatives both for community level awareness building and for circular economy initiatives.
Given the challenges of recycling in SIDS, it is essential to use less plastics to reduce the burden of waste management. Ecological alternatives using traditional materials can be promoted. Eco-design should be piloted and scaled up to focus on reducing environmental impact at every step of a product’s life cycle that designs out toxins or promotes reuse/refill and recyclability.
Governments can provide subsidies, tax credits, and other incentives to remove market barriers for the adoption of ecological alternatives and eco-design products, and to promote circular economy initiatives.
Small island economies dependent on the health of oceans, for fisheries, aquaculture and tourism and their ecosystems and economies are particularly vulnerable to plastic pollution. Credit: UNDP
Most SIDS import plastics from overseas, but the post-consumer products and waste are not shipped out, which makes accumulation of plastic waste unavoidable. As SIDS do not have the facilities and capacity for recycling, policies should be developed to ensure exporters of materials to SIDS to take post-consumer products back for recycling.
Governments should consider the development of extended producers’ responsibilities that collect taxes and fees from importers and/or exporters for waste management, and implement circular economy practices and policies.
International cooperation is essential for SIDS to deal with plastic pollution. SIDS are at the receiving points of marine debris (of which 75 percent are plastics) as they are near ocean gyres. Unless the world ends marine plastic pollution once for all, SIDS alone will not be able to deal with it, as ocean currents will continue bringing it ashore.
For example, in the Comoros, if waste continues unchecked, the island of Moheli risks losing its fragile ecosystem and its UNESCO Biosphere Reserve status.
In Seychelles, UNDP has supported a national campaign “The Last Straw” to stop the use and sale of single use plastic straws, which directly reduce the leakage of plastic waste. It has resulted in a national ban on plastic straws and balloons.
In the Dominican Republic, UNDP has worked with the central and local government, private sector, academia and civil society organization and community organizations to tackle plastic pollution with a life cycle approach, including exploration of local, scalable solutions for plastics waste management with the support of UNDP´s Accelerator Lab. UNDP has partnered with the Ocean Cleanup on an automatic plastic collection system, which has reduced the plastic waste entering the ocean, increased the public awareness of plastic pollution, and inspired national policy conversations.
With the support from the Global Environmental Facility, the Dominican Republic will reduce single use plastics in food and beverages, and scale up circular solutions with policy change, demonstration of innovative models, public-private partnerships and awareness raising.
In Comoros, UNDP and UNEP have formed the Comoros Integrated Waste Management Alliance to address waste management and work with municipalities and communities. This alliance builds upon the shared commitment by UNDP and the United Nations Environment Programme, made in October 2023 to focus on plastic pollution and integrated waste management.
As the SIDS leaders and international community gathered early this week in Antigua and Barbuda to review SIDS progress towards Sustainable Development Goals it is critical to reaffirm our collective commitment to take drastic and urgent actions to turn off the tide of plastic pollution.
The ongoing plastics treaty negotiations should also consider SIDS special conditions and agree upon special measures addressing SIDS challenges, and aim for an ambitious and effective global legal instrument to end plastic pollution.
Together, we must stop the trajectory of our Earth turning into plastic ocean, plastic islands and plastic dumps. There is no time to waste, and no action is not an option. We must stop plastic pollution to secure a clean and sustainable planet for ourselves, our future generations, and all other lives that share this precious planet.
Sulan Chen is Principal Technical Advisor and Global Lead on Plastics Offer, UNDP; Inka Mattila is Resident Representative, UNDP Dominican Republic; Vera Hakim is Deputy Resident Representative, UNDP, Comoros.
Source: UNDP
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Ils avaient célébré une pseudo-liturgie dans l'église orthodoxe serbe du village de Rakinica en se faisant passer pour des prêtres orthodoxes. La justice du Kosovo a inculpé deux ressortissants d'Albanie pour « provocation à la haine raciale ou religieuse ».
- Le fil de l'Info / orthodoxie, Courrier des Balkans, Albanie, Kosovo, Religions, Relations régionalesIls avaient célébré une pseudo-liturgie dans l'église orthodoxe serbe du village de Rakinica en se faisant passer pour des prêtres orthodoxes. La justice du Kosovo a inculpé deux ressortissants d'Albanie pour « provocation à la haine raciale ou religieuse ».
- Le fil de l'Info / orthodoxie, Courrier des Balkans, Albanie, Kosovo, Religions, Relations régionalesThe local community from Yambani in Papua New Guinea assess the damage of the May 26, 2024, landslide. Credit: UNICEF
By Naureen Hossain
UNITED NATIONS, May 30 2024 (IPS)
As the communities of Enga province in Papua New Guinea contend with the landslide that has devastated the residents of Yambani, the United Nations and its partners have been active on the ground addressing the immediate humanitarian needs, according to agencies.
Papua New Guinea’s prime minister, James Marape, says “extraordinary rainfall” and weather pattern changes were responsible for multiple disasters in the Pacific Island nation this year, including the landslide last Friday.
“Our people in that village went to sleep for the last time, not knowing they would breathe their last breath as they were sleeping peacefully. Nature threw a disastrous landslip, submerged or covered the village,” Marape told parliament on Wednesday.
Since the May 26 disaster, the United Nations has been actively supporting Papua New Guinea’s government in coordinating humanitarian support, search and rescue operations and the initial needs assessments of the thousands of locals who have been impacted by the devastating landslide. The UN is also coordinating the response efforts of all partners, both at the national and provincial levels, with the National Disaster Centre and the Enga Provincial Disaster Management Team.
UN agencies present on the ground to address immediate humanitarian needs include the International Organization for Migration (IOM) and the UN Development Programme (UNDP). UN-Women, UNFPA, and UNICEF are also coordinating with local emergency response teams to provide relief supplies, such as emergency health kits, tents, and psychosocial support.
Rescue efforts in Yambani, Papua New Guinea, after the May 26, 2024, landslide. Credit: UNICEF
UNICEF’s involvement has included the distribution of at least 50 hygiene and dignity kits, containing multipurpose cloth, soap, buckets, and reusable sanitary pads. They are also working to establish the broader needs of the affected communities, including child protection, health and sanitation, and nutrition needs.
“We are working closely with Papua New Guinean authorities and community organizations to provide vital support to the survivors of this terrible disaster,” said UNICEF Representative Angela Kearney.
“The challenges we face in the aftermath of this tragedy are immense,” said Serhan Aktoprak, IOM’s Chief of Mission in Papua New Guinea. “The area remains extremely dangerous due to ongoing land movement, and access is hindered by blocked roads, damaged infrastructure, and adverse weather conditions.”
The total affected population is estimated at 7,849 individuals, according to their 2022 common roll. Among the population, at least 42 percent are children aged 16 years or younger. So far, only six bodies have been retrieved from the rubble, with the numbers likely to increase as rescue and recovery efforts continue. The death toll is likely to be high. However, no official number has been confirmed yet. Though earlier reports indicated that anywhere from 670 people to over 2,000 have perished,.
“While the death toll is expected to be high, we refrain from stating exact numbers until the search operations are completed,” Juho Valka, Head of Communications, UNDP PNG, told IPS by email. Valka further explained that, as a result of the landslide, a total of 150 structures are estimated to have been buried. Evacuation centers have been set up between both sides of the debris, which is up to 8 meters, or 26 feet, high.
Papua New Guinea’s National Disaster Centre made an official request for international assistance through a letter to the UN Resident Coordinator. The UN is expected to coordinate assistance from local partners and individual member states.
Authorities in the Enga province have also called on international assistance for the deployment of geotechnical engineers to conduct a geohazard assessment. As of Tuesday, Australia, one of the country’s closest neighbors, has sent over a disaster response team, which includes a geohazard assessment group. The Australian government has also pledged over 2.5 million Australian dollars in aid efforts.
The situation is not without its complications. On Tuesday morning, a bridge collapsed in the Western Highlands province, which cut off the main Highlands highways just before Enga. This has disrupted communications between Enga and the rest of the Highlands. An alternative route to Enga is through the Southern Highlands Highway, which adds an additional two-three hours in travel time. The PNG Defense Force is currently making an effort to fix the bridge as soon as possible.
There is also a growing concern over a disease outbreak, as underground water flowing downward will likely contaminate local drinking water sources. Furthermore, locals are worried over the possibility of a second landslide, and a further 8,000 people may need to be evacuated, as Aktoprak told the Associated Press.“If this debris mass is not stopped, if it continues moving, it can gain speed and further wipe out other communities and villages further down the mountain,” he said.
According to an AP report, a team of 40 military engineers and medical personnel reached Yambali village on Tuesday night to negotiate with the villagers to begin digging efforts. Heavy earth-moving equipment, such as excavators, is expected to reach the scene by Thursday. However, villagers are divided on whether to use heavy-grade equipment, fearing that this could potentially further damage the bodies of their buried relatives. Villagers have been using shovels and farming tools to find bodies, with some even using their bare hands to dig through deep mud and debris.
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Ensuring operational efficiency while safeguarding the environment was the focus of EDA’s largest conference on circular defence. The Incubation Forum for Circular Economy in European Defence (IF CEED) Third General Conference gathered over 170 experts from 23 European countries to further develop transnational initiatives exploiting circularity principles for defence. Participants focused on designing collaborative project ideas and strategies for their implementation.
The conference, organised under the auspices of the Belgian Presidency of the Council of the European Union (EU2024BE) and in partnership with the European Economic and Social Committee (EESC), heard how moving forward with collaborative projects was now key to reduce the environmental impact of the armed forces while bringing operational benefits to military operations.
In his speech, EDA Chief Executive, Jiří Šedivý, said, “IF CEED plays a crucial role in advancing circularity in defence, striving to produce tangible collaborative outcomes. It has consistently aimed at win-win outcomes that would benefit both the EU’s operational defence needs and the green transition. EDA has been championing circular economy in defence due to its potential to enhance the operational effectiveness of Member States’ Armed Forces.”
Among others, the Belgian Minister of Defence, Ludivine Dedonder, the Director General of the DG ENV Florika Fink-Hooijer, the Director General Material Resources and National Armaments Director (NAD) of the Belgian Ministry of Defence Frédéric Goetynck, the NAT Vice-Presidents at the EESC Maria Nikolopoulou and Cillian Lohan, and the Head of Defence Sector, Security and Defence Policy of the European External Action Services, Mariya Dellevska have addressed the audience with their high-level key messages, inter alia on climate change and defence, the implementation of circular economy in defence, environmental remediation in Ukraine, and strategic autonomy as a pillar of the Critical Raw Materials Act.
While the EDA marks 20 years of promoting European Defence cooperation, this working event has gathered the largest defence community engaged in Circular Economy worldwide for both dedicated incubation sessions within the IF CEED “Project Circles” and wider cross-cutting panels among Ministries, industry, research-and-technology organisations, academia, and other private and public bodies/entities.
Using additive manufacturing to support in-mission repair, establishing secure exchange of data via digital passports, developing smart recycling routes for military textiles, streamlining procurement and maintenance processes: these are some of the themes addressed by IF CEED Programme Manager, Prof. Dr. Pierre Di Toro, and the numerous experts in their testimonies. Speakers have highlighted the achievements across IF CEED priority areas and provided key messages for the way forward.
EDA’s 3rd Annual General Conference of the Incubation Forum for Circular Economy in European Defence (IF CEED), the EU programme co-funded by the European Commission’s DG Environment (DG ENV) under the EU LIFE 2021-2027. The conference has benefited of the collaboration with the European Circular Economy Stakeholder Platform (ECESP) - a joint initiative of the EESC and the DG ENV - and the AeroSpace and Defence Industries Association of Europe (ASD).
Alejandro Álvarez says the Latin American region is dangerous for environmental defenders. Credit: Margaret López/IPS
By Margaret López
CARACAS, May 30 2024 (IPS)
Venezuela is one of the few countries outside the Escazú Agreement, a treaty in Latin America and the Caribbean ratified by 16 member countries that guarantees access to environmental information, public participation in environmental decisions, and environmental justice.
“The failure to sign the Escazú Agreement is a symptom of this general situation of lack of environmental rule of law in the country,” said Erick Camargo, researcher of the Observatory of Political Ecology, in an interview with IPS.
For the past seven years, the Observatory of Political Ecology has been part of a group asking the Venezuelan State to embrace this international treaty. The petition of civil organizations aims to ensure that the environment and threats such as illegal mining, deforestation, or the murder of indigenous defenders are not forgotten, amid a complex humanitarian emergency that this Caribbean country is experiencing.
What is the Escazú Agreement?
It is the first treaty on environment and human rights in Latin America and the Caribbean. Its full name is Regional Agreement on Access to Information, Public Participation and Access to Justice in Environmental Matters. Although it is better known by the name of the place where it was signed on March 4, 2018: Escazú, Costa Rica.
The Escazú Agreement ratifies that all Latin Americans have the right to know if the water they receive in their homes is potable, if the air they breathe daily is safe for their health, or if a community should have a veto over companies for activities such as mining, oil exploitation, or tourism in biodiverse areas.
Its 26 articles entered into force in 2021. This treaty is also a recognition of the role played by Latin American environmental defenders in the preservation of nature and the problem of violence experienced by these defenders in the region.
“Latin America is the most dangerous area in the world to defend environmental human rights. These are not only people who work for environmental organizations, but also environmental journalists and people from indigenous communities who defend the territory and habitat where they live”, explained Alejandro Alvarez, biologist and coordinator of the non-governmental organization Clima 21, in an interview with IPS.
Statistics compiled by Global Witness, an independent organization that monitors deaths in defense of the environment, speak of 1,335 environmental defenders murdered in Latin America between 2012 and 2022. That is, 70 percent of all killings of environmental defenders in that decade. In the Venezuelan case, 21 people were killed defending nature in the same period, most of them belonging to Indigenous communities.
For researcher Liliana Buitrago of the Observatory of Political Ecology, the central point of this treaty is that it helps to “make visible a fundamental narrative in the climate crisis (…) because environmental defenders are decisive actors to protect, fight, and stop environmental and ecological collapse.”
What benefits do Venezuela bring to this agreement?
As with other international environmental bodies, the Escazú Agreement provides for a Conference of the Parties (COP) to be held every year. At COP 3, its most recent edition held in Santiago, Chile, the Regional Action Plan on environmental human rights defenders was approved.
The implementation of this special plan for environmental defenders will take six years. This is the first multilateral agreement that requires States to ensure that the defense of the environment can take place in freedom and its implementation will strengthen the protection of environmental defenders in the Latin American region. This environmental protection plan is part of what Venezuelan organizations want to obtain with the country’s adhesion to this agreement.
“Venezuela has quite robust environmental legislation for the protection of its natural areas or its defenders, but it is neither complied with nor known. The importance in the Venezuelan case is that the Escazú Agreement would give us an international tool to put pressure on our state,” said Camargo.
If Venezuela were to adopt the Escazú Agreement in the coming year, this would give an international legal instrument to organized groups to demand greater security for indigenous peoples defending their territories in the Venezuelan Amazon. This is an area that is now threatened with deforestation for the establishment of new illegal mining sites for the extraction of gold, according to the independent organization SOS Orinoco.
Another benefit would be the establishment of an updated environmental information system. Such a public and accessible environmental system should include, for example, key data on the impacts of climate change in the country as well as a list of the most polluted areas, as established in Article 6 of the Escazú Agreement.
Transparency in the environmental field, not in vain, is one of the most common requests from Venezuelan organizations such as Clima 21, the Venezuelan Society of Ecology, the Observatory of Political Ecology, and Espacio Publico.
“There is no guarantee that the Venezuelan state will comply with environmental commitments. Many international agreements were signed and the standards have not been met, but their signature is already a step. The signing of the Escazú Agreement would show a certain willingness to be transparent in environmental management and, therefore, it would be good to sign it,” explained Carlos Correa, executive director of Espacio Público, in an interview with IPS.
Now, the Venezuelan government has 10 months ahead of it to evaluate its position and join the next COP of the Escazú Agreement as another of the countries in the region that are truly committed to the defense of nature amid the climate crisis.
IPS UN Bureau Report
This feature is published with the support of Open Society Foundations.
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Bulgária, 2024. május 27. – Jens Stoltenberg, a NATO főtitkára arra kérte a szövetség tagállamait, hogy fontolják meg a Ukrajnának szánt fegyverszállítmányokra vonatkozó korlátozások felülvizsgálatát. A NATO parlamenti közgyűlésének bulgáriai ülésén elmondott beszédében Stoltenberg hangsúlyozta, hogy Ukrajnának joga van megvédeni magát az orosz agresszióval szemben.
„Eljött az ideje, hogy felülvizsgáljuk ezeket a korlátozásokat” – mondta Stoltenberg. „Néhány tagállam már feloldotta őket, mások nem. Most eljött az ideje, hogy mindannyian felülvizsgáljuk ezeket a korlátozásokat, mert ha nem tesszük, megkötjük az ukrán védelem kezét, és rontjuk az esélyét annak, hogy meg tudja védeni magát.”
A NATO tagállamai között megoszlanak a vélemények a Ukrajnának nyújtandó katonai támogatás mértékéről és típusáról. Egyes országok, mint az Egyesült Államok, az Egyesült Királyság és Franciaország már nagy hatótávolságú rakétákat is szállítottak Ukrajnának, míg mások, mint Németország, tartanak attól, hogy a fejlett fegyverek szállítása az oroszországi beavatkozás kockázatát növelheti.
Stoltenberg hangsúlyozta, hogy a harkivi csaták súlyossága indokolja a korlátozások feloldását. „Látjuk, hogy mi történik Harkivban” – mondta. „Ez egy brutális csata, és Ukrajnának minden segítségre szüksége van, amit csak meg tudunk adni.”
A NATO főtitkára azonban leszögezte, hogy a fegyverszállítmányokról szóló döntések végső soron a tagállamokra tartoznak. „Ezek nemzeti döntések, nem NATO-döntések” – mondta.
Frissítés: Volodimir Zelenszkij ukrán elnök a hétvégén figyelmeztetett, hogy az orosz csapatok fokozott offenzívára készülnek Harkivban. A moszkvai hadsereg május óta több falut és települést foglalt el az északkeleti régióban, ami az egyik legjelentősebb szárazföldi előrenyomulás az ukrajnai invázió kezdete óta.
Az orosz előrenyomulás nyomást gyakorol Ukrajna nyugati szövetségeseire a további támogatás nyújtására.
The post Ukrajna fegyverzete: Stoltenberg felszólítja a NATO-t a korlátozások felülvizsgálatára appeared first on Biztonságpiac.
Salaires impayés, arnaques et chantage. En Croatie, les agences de recrutement fleurissent depuis la suppression des quotas de travailleurs étrangers. Et tout le monde se rue sur ce secteur très lucratif, à commencer par les politiciens. La défenseure des droits demande à l'État de réagir.
- Articles / Novosti, Croatie, Economie, Société, ExodeBy Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, May 30 2024 (IPS)
The World Bank expects the international economic slowdown to be at its worst in over four decades in 2024. This is mainly due to powerful Western nations’ contractionary macroeconomic and geopolitical policies.
Dismal outlook
According to the Bank’s last Global Economic Prospects report, world economic growth will be weakest by the end of 2024. Only the US economy’s strength will statistically prevent a world recession.
Jomo Kwame Sundaram
World economic growth was expected to slow to 2.4 per cent in 2024. But even the US-controlled World Bank acknowledges growing geopolitical tensions are the main threat.Medium-term prospects for most developing economies have worsened due to slower growth in most major economies. This has been exacerbated by tighter monetary policy and credit, sluggish trade and investment growth.
2024 would be the third year of economic slowdown due to tighter monetary policies supposed to rein in inflation. Central banks are fixated on bringing inflation below their two per cent target by tightening credit.
Worldwide growth was expected to slow from 2.6% in 2023 to 2.4% in 2024 – well below the 2010s’ mean. Developing economies would only grow by 3.9% in 2024, more than a percentage point below the previous decade’s average.
World Bank Chief Economist Indermit Gill feared, “Near-term growth will remain weak, leaving many developing countries – especially the poorest – stuck in a trap: with paralysing levels of debt and tenuous access to food for nearly one out of every three people.”
Gloomy prospects
The Bank projected that developed economies would slow as most developing economies outside Asia recover. It also acknowledges precarious prospects for vulnerable developing economies due to much higher debt financing costs.
At the end of 2023, the Bank expected things to worsen due to the Gaza invasion, related commodity market pressures, financial stress, more indebtedness, higher borrowing costs, persistent inflation, China’s weak recovery, trade disruptions, and climate disasters.
US unwillingness to broker a ceasefire in Ukraine or to stop the Gaza massacre or South China Sea militarisation has worsened geopolitical risks and recovery prospects while diverting more resources for war.
Financial stress and higher interest rates have exacerbated inflation and stagnation. Meanwhile, the new Cold War has slowed growth in China and much of Asia by worsening ‘trade fragmentation’ and global heating.
The Bank urges multilateral cooperation to provide debt relief, especially for the poorest countries, address global heating, enable the energy transition, revive trade integration, address climate change, and reduce food insecurity.
The world economy has lost $3.3 trillion since 2020. Yet, instead of strengthening developing countries’ recoveries, the Bank still urges fiscal austerity and financialization.
A quarter of developing countries and two-fifths of low-income countries (LICs) would be worse off in 2024 than in 2019, before the pandemic. With limited fiscal space, developing nations with poor credit ratings are especially condemned.
With rich economies expected to slow from 1.5% last year to 1.2% in 2024, demand for primary commodities will further dampen. Despite other dismal projections, the Bank wishfully projected LICs would grow by 5.5% in 2024!
But instead of prioritising economic recovery, finance ministers and central bank governors agreed to continue policies worsening the situation by suppressing demand and ignoring ‘supply-side disruptions’ responsible for inflation.
Fiscal follies?
For decades, the Washington-based Bretton Woods institutions urged developing economies to be much more open and market-oriented. Unsurprisingly, the global South now faces problems due to earlier procyclical policies.
The report advises commodity exporters – two-thirds of developing nations – how to cope with price fluctuations. Breaking with past advice, the Bank now calls for a more counter-cyclical fiscal policy framework.
Fiscal policies in recent decades have often been procyclical, overheating economies and deepening slumps. The Bank found fiscal policy in commodity-exporting nations 30% more procyclical and 40% more volatile than in other developing economies.
It argues commodity exporters’ fiscal policies have worsened price vicissitudes. It estimates that when commodity price increases enhance growth, government spending increases can boost growth by an additional fifth.
Greater fiscal policy pro-cyclicality and volatility amplify business cycles, hurting economic growth in commodity-exporting developing economies.
The Bank argues this should be addressed with “a fiscal framework that helps discipline government spending, by adopting flexible exchange-rate regimes, and by avoiding restrictions on the movement of international capital”.
The report claims such policy measures will help commodity-exporting developing economies boost per capita growth by about 0.2% annually.
Misrepresenting statistical correlations, the Bank urges easing restrictions on international financial flows, claiming this would “help reduce both fiscal procyclicality and fiscal volatility”.
Ignoring developing countries’ experiences, it urges the adoption of developed-economy “exchange rate regimes, [lack of] restrictions on cross-border financial flows, and … fiscal rules” as part of a “strong commitment to fiscal discipline.”
The report ignores overwhelming evidence of fiscal austerity and capital account openness exacerbating procyclicality and volatility.
Clearly, Bank advice has not changed much since the 1980s, when such policy recommendations worsened Latin America’s and Africa’s lost decades.
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