This month, the United Nations (UN) and the Organisation for Economic Co-operation and Development (OECD) almost simultaneously released reports on development finance. The OECD’s data on official development assistance (ODA) for 2025 revealed a dramatic 23.1 percent decline in a single year – the largest drop the world has ever seen.
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Governments in the global south pay significantly higher interest rates on loans and bonds than governments in the global north. This financial divide is a key cause of disparities in prosperity and development around the world. The price of money determines the extent to which a state can provide goods and services for its citizens like healthcare and education. It also determines how far necessary transformations, such as climate change adaptation, can be financed from domestic resources.
The issue has gained considerable prominence in development policy discourses in recent years and is also [...]
After two years of negotiations, the EU Corporate Sustainability Due Diligence Directive (CSDDD) officially came into force on July 25, 2024. From July 2027, it will require large companies to respect human rights and the en vironment throughout their supply chains and to draw up and implement climate plans in line with the Paris Cli mate Agreement. Although the directive has some gaps, for example with regard to the financial sector, it is an important milestone on the road to a sustainable global economy.
On February 26, 2025, however, the EU Commission proposed the so-called “Omnibus I [...]























