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Top international development headlines from the world's leading donors, news sources and opinion leaders. Get the latest industry buzz, trends and opinions, and stay up-to-date on what’s really happening in international development.

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  • EBRD shareholders OK $1.3B fund for Arab states

    Posted by Jenny Lei Ravelo on 21 May 2012

    EBRD logo

    The new president of the European Bank for Reconstruction and Development is faced with a great responsibility: The bank is set to expand its operations beyond its geographic coverage.   The bank’s shareholders, following the election of Suma Chakrabarti to the bank’s top post May 18, agreed to set up a €1 billion ($1.3 billion) special fund to start investments in four Arab states. The bank agreed last year to expand to the southern and e...

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    • Tags: EBRD, Suma Chakrabarti, banking & finance, sustainable energy, Egypt, Morocco, Tunisia and Jordan, Arab Spring, SME
    • Posted:05/21/2012 10:35:32 AM | Email | Permalink
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      Today, we reported: Is G8 offering a ‘shrinking response’ to the growing food problem? A first: Former DfID official takes EBRD’s top post EBRD shareholders OK $1.3B fund for Arab states Australia in it for the long haul in Afghanistan UNDP gears up to normalize ties with Myanmar   Other must reads: Australia will contribute additional $15.7M food, medical assistance to Sahel, South Sudan FAO conference supports regional trust fund, calls on UN bo...

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  • A first: Former DfID official takes EBRD’s top post

    Posted by Jenny Lei Ravelo on 21 May 2012

    Suma Chakrabarti

    Suma Chakrabarti, the dark horse in the European Bank for Reconstruction and Development’s presidential race, has beaten four other contenders for the position.   The bank’s board of governors made the surprise decision May 18, when they chose Chakrabarti to head EBRD in the next four years. Chakrabarti, permanent secretary at the British Ministry of Justice, was not expected to win given an unwritten rule excluding Britons from heading the bank, which m...

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    • Tags: Suma Chakrabarti, EBRD, Thomas Mirow, banking & finance, Bozidar Djelic, an Krzysztof Bielecki, Philippe de Fontaine Vive Curtaz, United Kingdom
    • Posted:05/21/2012 09:48:06 AM | Email | Permalink
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  • Is G8 offering a 'shrinking response' to the growing food problem?

    Posted by Jenny Lei Ravelo on 21 May 2012

    G8 leaders during a working dinner in Camp David

    The group of eight major industrialized nations has announced a new food security alliance and new pledges to the Global Agriculture and Food Security Program, but failed to address an issue close to nongovernmental organizations: Will they continue their L’Aquila funding beyond 2012?   Under the New Alliance for Food Security and Nutrition, more than 45 companies have pledged to invest at least $3 billion in agriculture across Africa in a span of 10 years. These investments...

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    • Tags: G8, L'Aquila, Rajiv Shah, USAID, Barack Obama, food, Michael Elliott, ONE, private sector, New Alliance for Food Security and Nutrition, United States, United Kingdom, Yara International, Vodafone, DuPont, PPP, NGO, Oxfam, ActionAid
    • Posted:05/21/2012 07:34:30 AM | Email | Permalink
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  • UNDP gears up to normalize ties with Myanmar

    Posted by Eliza Villarino on 21 May 2012

    Uppatasanti pagoda

    A new field office of the United Nations Development Program may rise in Myanmar. The agency is proposing that it be built in the country’s capital city, Naypyidaw.   The proposal is part of a broader plan to normalize relations between UNDP and Myanmar, which appears to be back in good graces with Western donors following commitments by the government to pursue political reforms, including the historic by-election in April.   The plan was presented May 17 during...

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    • Tags: UNDP, Myanmar, Asia, economic development, climate change, environment & natural resources, governance
    • Posted:05/21/2012 06:08:53 AM | Email | Permalink
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