Archive for category: Global Poverty

Key articles and information on global poverty.

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Fires in Bangladesh Leave Refugees Homeless

Fires in Bangladesh
Rohingya refugees have been seeking a safe place to dwell for years. The Rohingya people are originally from Myanmar. However, the government has persecuted them for their Muslim beliefs since 1960. Their battle for independence and peace has seen little success. Recently, attacks on this ethnic group have worsened and more and more Rohingya are fleeing to Bangladesh. Unfortunately, some of their struggles continue in Bangladesh. A raging fire in southern Bangladesh left 15 people dead and hundreds missing. Aid workers are providing relief to those the fires displaced in Bangladesh. Meanwhile, government officials are working to end the Rohingya crisis.

Nowhere to Run

Many Rohingya refugees stay in Bangladesh after fleeing Myanmar. Myanmar is located in southeast Asia and is notorious for Muslim persecution. Buddhism is the primary religion in the country, and, as a result, the Muslim Rohingya have experienced persecution. The country recognizes a total of 135 ethnic groups; however, it does not recognize the Rohingya people.

In August 2017, Myanmar used extreme tactics to remove the Rohingya people. Myanmar’s military began attacking Rohingya civilians using deadly force. As a result, the Rohingya people suffered starvation, torture and senseless violence.

The U.N. describes these tactics as a “textbook example of ethnic cleansing.” During the initial attack, a total of 6,700 Rohingya people died, while many others were forced to flee from Myanmar. In refugee camps in Bangladesh, people set up bamboo huts as homes, hoping that they would be safe from further violence. Now, fires in Bangladesh leave these refugees homeless once again. To address this crisis, aid workers are now helping to rebuild communities and government officials are looking into the cause of the fires.

Coming Together

The Red Cross and the Bangladesh Red Crescent are assisting in relief efforts. Aid workers worked quickly to provide necessary supplies to refugees. Through their work, victims of the fire received food, blankets, water and clothing. In addition, rescue efforts are underway, as more than 400 people are missing. There is a dire need for help to search for these missing people.

The work of the humanitarian organizations is paying off for many of the refugees, some of whom have been reunited with their lost family members. One refugee, Ayesha Bibi, was relieved to be reunited with her husband after assuming he was dead.

There has been some speculation that arson is what caused the fires in Bangladesh. At this point in the investigation, government officials have no solid leads and are unable to confirm or refute these suspicions. As the fires have left the refugees homeless, the highest priority is ensuring their safety. Refugees have been using equipment and emergency tents provided by The Red Cross and the Bangladesh Red Crescent Society to survive.

A Brighter Hope

These past few years have brought devastation to the Rohingya people. Fortunately, funding and outreach programs have helped to ease the strains of their hardships. The U.N. has recently allocated about $14 million for the Rohingya people. This money will contribute to rebuilding shelters and providing emergency relief. Although the fires in Bangladesh have left refugees homeless, hope exists for a more secure future.

– Nancy Taguiam
Photo: Flickr

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Diamantes Na Cozinha: Lifting Teenagers Out of Poverty

Diamantes Na Cozinha
Joao Diamante, a Brazilian chef who trained in Paris under world-renowned chef Alain Duccard, decided to go back home to Rio de Janeiro, a large city in Brazil. In 2016, he began his social project Diamantes Na Cozinha (Diamonds in the Kitchen) in Rio de Janeiro. This project has received a lot of attention from national and international press due to its unique and philanthropic vision.

Who is Joao Diamante?

Diamante himself benefited from social programs in Bahia, Brazil when he was a teenager. His experiences eventually helped him become a chef overseas. Because of his belief in these youth programs, he decided to fund his own. Diamantes Na Cozinha creates cooking, nutrition and hospitality workshops for young people in vulnerable situations living in favelas in Rio de Janeiro. Favelas are low-income neighborhoods in Brazil.

Diamante himself lost a dear friend due to the violence taking place in the favelas, and he believes that teenagers must receive protection from organized crime and drug addiction. Unfortunately, addiction and crime are all too common in these impoverished populations.

About the Workshops

Kids as young as 16 enroll in the courses through Diamantes Na Cozinha, resulting in them learning skills that can land them a job later on. But, the program is also to help kids find their purpose in life. It distracts them from the harsh realities of living in a favela. Through this, Diamante is not only helping individuals emerge from impoverished situations, but also propelling the Brazilian economy.

Diamante currently teaches various courses. Each course contains up to 25 students who can sign up free of charge. There is a wide variety of courses such as hospitality, high cuisine, food anthropology and cocktail-making. During training, students have the opportunity to serve at catering events. This serves not only as an opportunity for students to receive an evaluation but also as a means for them to start making an income. When training is over, Diamante selects his best students to work a the Na Minha Casa restaurant permanently.

Currently, the Diamantes Na Cozinha headquarters includes an archive with more than 200 volumes, a fully equipped kitchen and a media library. The project has gathered international attention, most notoriously in its feature in the Netflix food show “Feed Phil,” where the host visited Diamantes Na Cozinha and presented the foundation’s story. Through this and many other features, the project has gained momentum and donations from businesses and individuals alike.

“We use Gastronomy as a tool for social and professional transformation,” said Diamante. “We don’t just want good professionals, we want our students to evolve as human beings.”

– Araí Yegros
Photo: Flickr

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Novissi GiveDirectly Alleviates Poverty in Togo

Novissi GiveDirectly Togo, a West African country home to 8 million people, wants to put money into the pockets of its most vulnerable citizens in order to alleviate some of the economic burdens of COVID-19. The most impoverished Togolese people, however, are often the most difficult to locate as they tend to live in remote areas and have little or no record of income. To address this issue, the government of Togo partnered with researchers at the University of California and the U.S. charity called GiveDirectly. The team is using artificial intelligence to identify pockets of extreme poverty within its borders. The program called Novissi GiveDirectly intends to stabilize the economy by uplifting those most in need.

The Initial Novissi Program

“Novissi” translates to “solidarity” in one of the local languages of Ewe. The initial Novissi program already distributed $22 million via mobile money payments to 600,000 citizens who live in urban areas. Voting registration provided the state with information about a citizen’s financial status and the state used this information to determine eligibility. Then, payment was sent via mobile devices. However, this same methodology could not be applied to the many Togolese who live outside the cities and identify as informal workers. The government wanted to target people in rural areas living on less than $1.25 per day without the means to put themselves on the government’s radar. Presented with this challenge, a second phase of the program emerged: Novissi GiveDirectly.

Novissi GiveDirectly

In Togo, Novissi GiveDirectly utilizes satellite imagery, mobile data and artificial intelligence as a poverty solution. Satellites capture photos from every square kilometer of the country, giving insight into villages’ local infrastructure, the housing materials used and even the size of land plots.

Mobile data also provides researchers with a major clue in the search for those carrying the biggest financial burdens. In general, impoverished people use cellphones less often, receive more calls than they make and have lower mobile money balances. Artificial intelligence then analyzes the mountains of data to identify who is eligible to receive aid from the program by estimating an individual’s wealth. Registration is as simple as a Togolese citizen dialing #855 to register for the program.

The Impact on Locals

Eric Dossekpli is a 49-year-old farmer whose livelihood has experienced a direct impact from COVID-19. His market goods were not selling because people were not buying due to the financial distress of the pandemic. This left him without an income and unable to afford fertilizer to continue growing crops.

When Dossekpli heard about Novissi GiveDirectly, he immediately registered. Once Novissi GiveDirectly confirmed his eligibility, he received an instant mobile payment of $13. Novissi GiveDirectly gives $13 to men and $15 to women every month for five months. Women receive more money due to their roles as caregivers. The money received meant he could pay for his children’s tuition and afford food. “I can’t imagine how I was going to live if not for this money. All I can say is thanks,” said Dossekpli.

The Road Ahead

What makes the program unique is that it operates using data that is already available. This makes it quick and comprehensive, two characteristics that are critical during a crisis. The program aims to distribute $10 million to 114,000 Togolese people over a period of a few months. The Novissi GiveDirectly model is currently being considered for Nigeria and Bangladesh.

Though Novissi GiveDirectly has emerged in response to a crisis, one cannot help but consider the potential benefits of such targeted investments long-term. If $13 can pay for the education of four Togolese children during a global pandemic, a sustained investment of this nature could boost an entire economy, allowing everybody to reap the rewards.

– Greg Fortier
Photo: Flickr

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COVID-19 Response: Africa’s Road to Recovery

COVID-19 response
While the COVID-19 pandemic has yet to come under control, many countries around the world have taken steps to economic recovery. African nations in particular, although prone to severe economic impacts, have shown significant progress in their COVID-19 response. According to the World Bank’s October 2020 Africa’s Pulse issue, GDP growth projections in all regions of Africa are positive for 2021 and 2022 following GDP growth decrease in 2020. This article highlights three countries that are demonstrating optimistic economic growth after COVID-19.

Rwanda

COVID-19 Response Measures: Rwanda has received recognition for its efforts to contain initial outbreaks. This is likely due to the country’s aggressive measures combining public health mandates and innovative utilization of technologies. What separates Rwanda’s response is its reliance on scientific guidance and a high-tech approach to health and social service policies. For example, treatment centers are using human-sized robots for temperature checks and supply deliveries. National enforcement also deployed drones to monitor and ensure compliance with lockdown measures.

Fiscal Policy: The December 2020 update on fiscal policy in Rwanda includes $314 million in economic stimulus, corporate tax exemptions and subsidies, cash transfers to citizens (unemployment benefits) and food assistance. Rwanda’s financial capacity proved beyond national resources but international support was able to expand it. UNDP Rwanda and the World Bank are currently working closely with the Rwanda Ministry of Finance to discern how much the COVID-19 response plan will need for operation.

Monetary Policy: The National Bank of Rwanda reduced the policy interest rate to 4.5%. It has further plans to establish liquidity and digital payment support measures. In Africa’s Pulse, the World Bank classifies Rwanda as the only country established in the Growth Taxonomy in sub-Saharan Africa. The taxonomy compares pre-pandemic performance to mid-pandemic growth. Expectations have determined that Rwanda will achieve the highest post-pandemic recovery with a GDP growth of 7%. With economic drivers like vaccine campaigns and investment and trade boosts, countries like Rwanda and Tanzania expect GDP increases. East Africa in general is expected to reach 5.1% GDP growth as opposed to the continental average at 3.2%.

Kenya

COVID-19 Response Measures: Kenya adopted many of the common direct response measures, such as a widespread lockdown. Additionally, the U.N. praised Kenya’s maintenance of well-equipped emergency treatment hospitals to best accommodate not only Kenyan patients but also U.N. personnel and partners. Kenya’s hospitals can also potentially play an important role in regional humanitarian development.

Fiscal Policy: Kenya announced a $534 million economic stimulus, a $377 million COVID-19 health expenditure, corporate tax exemptions and subsidies, cash transfers to citizens and food assistance. Like other African countries, Kenya is receiving financial assistance from major international entities such as the World Bank and the E.U. With 86 different donors, Kenya received Ksh 194,663,072,350 ($177,3769,915.25) for COVID-19 response plans.

Monetary Policy: The Central Bank of Kenya reduced the policy interest rate to 7% and planned liquidity support measures. Additionally, the government launched the National Hygiene Program (Kazi Mtaani) to reduce pandemic-induced unemployment. It offers employment with daily wages to the hardest-hit communities. Jobs include street cleaning, garbage collection and disinfection. Kenya’s trade activities also indicate promising economic recovery. According to the World Bank’s Africa’s Pulse, Kenyan exports have already recovered rapidly and have surpassed pre-pandemic highs.

Senegal

COVID-19 Response Measures: The World Bank highlighted Senegal as demonstrating a successful health response to COVID-19. Swift responses were key, particularly in regards to test capacity, quarantine facilities and ventilators. Preventative measures also included temperature checks and hand sanitizer distribution. By September 2020, 80% of confirmed cases had recovered.

Fiscal Policy: Senegal has an $801 million economic stimulus, a $130 million COVID-19 health expenditure, corporate tax exemptions and subsidies, cash transfers to citizens and food assistance. Some participating entities for Senegal’s financing include the African Development Bank Group (AfDB), the International Monetary Fund (IMF) and the World Bank. For instance, AfDB contributed €88 million to support Senegal’s measures to provide relief to vulnerable households, businesses and job security initiatives.

Monetary Policy: Senegal’s monetary policy is in collaboration with other West African countries, including Benin, Guinea-Bissau, Mali, Niger and Togo. These countries work with the Central Bank of West African States (BCEAO), which has made FCFA 4.750 billion ($8,383,750) available to banks and has reduced policy interest rates to 4%. In Africa’s Pulse Growth Taxonomy, Senegal is one of five countries in the top tercile of growth performers. It has a classification of “improved.” Improved GDP growth can indicate the first signs of economic recovery.

The Road to Recovery

As a result of early preventative policy measures, fiscal and monetary policies, international financing and trade initiatives, many African countries have paved a road to post-pandemic recovery. Rwanda, Kenya and Senegal are merely three of the African countries benefiting from smart policy measures and quick COVID-19 responses. In many cases, these countries are experiencing even higher levels of growth than they did before the pandemic. The steps that these countries and others took can serve as a model for how to navigate the economic hurdles of a global pandemic.

– Malala Raharisoa Lin
Photo: Flickr

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Addressing Poverty Conditions In The Gambia

poverty conditions in The GambiaGeographically engulfed within the western African country of Senegal lies The Gambia, a predominantly rural country with a 2023 population of 2.6 million people. 

Poverty Conditions in The Gambia

Gambia’s 2020 poverty rate was 53.4%, with poverty particularly prevalent in rural areas (76% of the rural population). The country is largely dependent on agriculture, an industry that employs 80% of the rural population and accounts for approximately a quarter of its GDP. Nevertheless, the World Food Programme reports that the country produces only 50% of the food it needs, leaving it dependent on imports. Food insecurity rose to 27% of the population in 2022, from 8% in 2016, and food inflation was 24% in July 2023. 

In March 2024, the United Nations Development Programme Human Development Index ranked The Gambia the 174th poorest country out of 193 countries ranked. 

Rural poverty particularly affects unskilled workers and subsistence farmers and is higher among the young (under 14) and the old (over 65). It is driven by environmental hazards such as droughts, floods and deforestation, limited productive employment opportunities and low-paying informal employment, along with a lack of entrepreneurship development. This impacts income, food insecurity and malnutrition, with health issues exacerbated by access difficulties and medical insurance that is restricted to formal sector employees. Households in the lowest wealth quintile experience the lowest access to basic infrastructure and services, including electricity, sanitation and water. 

The Gambia also relies on remittance inflows and tourism. As in other countries, the economy overall has suffered from the COVID-19 pandemic and the war in Ukraine, in addition to a major flooding in July 2022. Inflation reached a record-high level 13.2% in October 2022. 

Two broad-scope efforts that will facilitate poverty reduction in Gambia are its social protection policy and its long-term agreements with the International Monetary Fund.

Gambia’s Social Protection and Poverty Alleviation

The Gambia’s first National Social Protection Policy 2015-2025, developed with the participation of national, subnational and local governments and leaders, public and private, was designed to address the country’s poverty and vulnerability. Goals include pro-poor and inclusive economic growth, development of human capital, social cohesion and human rights attainment. Reforms include better use of resources, improved management and administrative systems and more inclusive social protection, with basic income and social services widely available but beginning with the poorest and most vulnerable.

The World Bank has projected strong growth in agriculture, along with the expansion of cash transfers, both of which should have a positive effect on poverty reduction. However, continued high food prices may dampen this effect. 

IMF Agreements

In March 2020, the International Monetary Fund approved an Extended Credit Facility (ECF) agreement with Gambia to provide financial assistance to implement structural reforms. The final review was completed in June 2023, with total disbursements of approximately $94 million. A new, three-year agreement, with requested access to $100 million, was reached in November 2023. Objectives of this assistance have included mitigating the impact of inflation and foreign exchange pressures on the vulnerable population, creating “space for social spending and investment,” fostering economic diversification, increasing economic participation of women, improving climate risk management and investment in infrastructure that is climate resilient.

– Staff Reports
Photo: Flickr
Updated: April 2, 2024

Ongoing Harm: Female Genital Mutilation in Liberia

Ongoing Harm, Female Genital Mutilation in LiberiaLiberia is one of three West African countries that has not yet made female genital mutation (FGM) illegal. FGM refers to the partial or complete removal of external female genitalia or other harm to the female genital organs for non-medical reasons. Considered a violation of the human rights of girls and women by U.N. Women Liberia, FGM has no health benefits and is extremely harmful.

Legal Activism

In 2018, President Ellen Johnson Sirleaf of Liberia signed the Domestic Violence bill, an executive order that banned FGM performed on girls younger than 18 years old, but the criminalization of FGM was limited to one year and expired in February 2019. The executive order did little to address the part community leaders play in perpetrating this crime. It also failed to change the immense social pressure placed on girls to undergo these treatments. For these reasons, female genital mutilation in Libera continues to be an issue.

International Pressure

The United Nations has been active in its role of fighting to end FGM globally. Due to the lack of policy regarding female genital mutilation in Liberia, Marie Goreth Nizigama, of U.N. Women Liberia, said, “50% of women and girls aged between 15-49 years” have been mutilated. On the International Day of Zero Tolerance for Female Genital Mutilation, Chief Zanzan Karwo who is the leader of Liberia’s National Traditional Council expressed frustration, rebuking international groups that have sought to abolish female genital mutilation in Liberia. He believes that FGM prepares young women to become good wives. Despite pushback, the pressure to end female genital mutilation in Liberia continues. Williametta E. Saydee Tarr, the gender, children and social protection minister in Liberia, claims that plans are being pursued to make FGM permanently illegal.

Cultural Progress

One of the most important aspects in fighting female genital mutilation both in Liberia and globally is engaging cultural leaders and communities in ending the tradition. If cultural attitudes toward FGM fail to change, then progressing human rights for girls and women will significantly decline. As a result of seemingly insurmountable cultural and financial pressures, girls and women willingly subject themselves to mutilation; therefore, even criminalization of FGM cannot end the mutilation without traditions and perspectives changing as well.

Liberia’s fight to end FGM is not restricted to policymaking and criminalization. Yatta Fahnbulleh, owner of a large bush school in Tienii that performed FGM on more than 200 girls, decided to end her engagement in FGM despite its financial benefits. In 2019, Spotlight Initiative aided in the startup of the Alternate Economic Livelihood program. This program provides resources and education to former practitioners. This way they can generate a source of income after losing their livelihood. Providing access to education and financial alternatives is essential in garnering the support of communities who depend on the practice for survival.

Looking Ahead

It is vital that the United Nations continues to place pressure on Liberia despite leaders expressing attachment to the practice. female genital mutilation endangers women and often causes lifelong sustained harm so, the pressure is appropriate and necessary. Alongside the international attention to criminalize FGM, efforts to engage leaders in ending devastating practices are of the utmost importance. The willingness of people like Yatta Fahnbulleh to close her school gives hope that people are willing to end female genital mutilation with proper education, tools and resources to survive.

– Hannah Brock
Photo: Flickr

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Women in Science and Global Development

Women in ScienceGender equality is vital for alleviating global poverty. Women represent 70% of the world’s most poverty-stricken people. Consequently, women need more opportunities in the job market and increased access to health and education resources in order to truly thrive. Uplifting and empowering women all over the world will lead to greater progress with global poverty reduction efforts. In particular, women in science have the potential to ignite impactful breakthroughs.

Society, Culture and Bias

Women’s empowerment starts with the foundation of education. Research shows that, as it stands, only 30% of the world’s researchers are women. One can explain this by cultural beliefs and social norms inhibiting women from pursuing a scientific education and career.

The gender gap in science underscores a societal bias. Furthermore, because the majority of researchers are men, research is less likely to head in the direction of improving the struggles and concerns that women face. Providing more opportunities in science and technology for women would help promote technological breakthroughs and progress for the betterment of both genders.

Women in Science

Data shows that although the share of women in science differs according to specific countries, women have experienced global underrepresentation in scientific and technological fields. For instance, in 2016, women represented 55% of all researchers in Tunisia, the highest rate in Africa. Alternatively, women comprised only 5% of all researchers in Chad.

According to the UNESCO Institute for Statistics (UIS), the average share of women researchers in Africa was 24.8% in 2016. This is approximately 4% lower than the already low international average of 28%.

Gender Equality and Development

For decades, the U.N. has supported gender equality and women’s empowerment. For instance, it adopted the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW) in 1979, a landmark agreement putting women at the center of human rights issues and global development.

Gender equality also plays a crucial role in global development. Women’s empowerment is part of the 17 U.N. Sustainable Development Goals adopted in the 2030 Agenda for Sustainable Development. These goals represent a global partnership aiming to end poverty, promote education and health, reduce inequalities and more.

The U.N. gender equality goal (SDG 5) focuses on various targets such as ending discrimination against women, preventing the violent treatment and exploitation of women and ending child marriage and female genital mutilation. Target 5.5. entails ensuring “Women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life.” This target definitely extends to the scientific arena where women’s participation would mean scientific breakthroughs geared toward improving the struggles of women.

What is the OWSD?

The Organization for Women in Science for the Developing World (OWSD) is a program unit of UNESCO. This program unit has been supporting women scientists in developing countries since 1987. Supported by the Swedish International Development Cooperation Agency (SIDA), the “OWSD provides research training, career development and networking opportunities for women scientists throughout the developing world.” Since 1988, more than 470 women in developing countries have received fellowships and more than 270 have graduated. The OWSD grants fellowships in various fields such as biology, agriculture, medicine, engineering and physical sciences.

The main goal of the OWSD is to encourage and support women’s roles in technological and scientific fields as well as in leadership. In doing so, the organization underlines the importance of the representation of women in scientific and technological progress in developing countries. The OWSD also emphasizes the need for collaboration between women scientists to build a global network to continue assisting women in science.

The Role of Women

Women’s empowerment represents a key part of reducing global poverty and can also positively impact global peace. Women’s empowerment links to a country’s prosperity. Countries that offer women equal employment opportunities also have lower poverty rates and a higher GDP. Women also play a significant role in the success and development of children. Research shows that women are likely to invest 90% of their income into the household. Income would go toward securing the basic needs of the family, enrolling children in school and investing in healthcare.

Gender equality promotes social and economic developments. In turn, a strong and durable economy can help build peaceful societies. As Michelle Bachelet, the U.N. Women executive director, stated in 2013, “There can be no peace, no progress as long as there is discrimination and violence against women.”

Women’s Empowerment for Global Development

According to the OWSD, in many developing countries women make up the majority of caregivers and agricultural workers.”If women are included as both participants in scientific research and as the beneficiaries of scientific research” the results will be highly impactful. By giving women consideration, resources and agency, the OWSD contributes to significant progress in developing countries. The organization not only contributes to scientific and technological progress but also endorses gender equality and fundamental human rights all around the world.

– Soizic Lecocq
Photo: Flickr

How the Argentine Debt Agreement Helps

Argentine Debt AgreementArgentina has been facing a long-lasting economic crisis, further amplified by the COVID-19 pandemic. Close to half of the population lived in poverty in the second quarter of 2020, reaching an all-time high during the months of mandatory lockdowns. Due to the pandemic, the country also experienced a loss of 3.5 million jobs and unemployment rose to 13.1% in the second quarter since the closures hit small businesses hard. As a result, the impact of COVID-19 significantly hurt the domestic market. The Argentine debt agreement hopes to improve the financial crisis in Argentina.

The Argentine Debt Agreement

To help Argentina with its growing financial crisis, the Ad Hoc Group, Argentina Creditor Committee and the Exchange Bondholder Group have come to an agreement that will provide Argentina with financial relief in terms of its national debt. This relief is a major advancement in expanding Argentina’s access to international capital markets. The agreement lays the foundation for future sustainable fiscal policies that support the economy. Moreover, the debt agreement entails a lift of sovereign bonds by an average of 8.7%. Ultimately, Argentina is actively working toward providing sufficient cash flow within the economy to address rising economic concerns. This agreement also allows Argentina to avoid “protracted and costly legal proceedings with bondholders.”

Restructuring the Economy

The three creditor groups developed the debt agreement to restructure $65 billion worth of accumulated Argentinian debt. The creditors involved will receive 55 cents on the U.S. dollar. Originally, the president of Argentina, Alberto Fernandez, desired to pursue 39 cents. The Argentine debt agreement covers 20% of the public debt of Argentina, which amounts to $323 billion. This presents only a partial solution to Argentina’s financial crisis but will certainly help the country move toward economic stability.

If Argentina defaults on the debt, there are possible consequences. By defaulting, creditors will not be eager to invest in Argentina. Diminishing debt through repayment shows commitment but will lead to less investment in the domestic development of the country through social programs, pension benefits, unemployment packages and more. However, the agreement is a step toward solving the rest of the economic dilemma. It utilizes the restructuring method, which provides Argentina with a long-term plan for rebuilding the economy.

Moreover, the agreement modifies the dates of payment for certain bonds. The modification that will be implemented “will improve the value of the proposal for creditors.” Multifarious investors are interested in the profit restructuring will produce and are betting on a boost in the economy.

Negotiating Future Monetary Policies

Argentina’s debt restructuring does not end there. Argentina and the International Monetary Fund (IMF) will discuss Argentina’s plans on refinancing its $45 billion debt to the IMF. The focus will mostly be on loans maturing between 2021 and 2024. During this period, the International Monetary Fund will hold Argentina accountable for certain economic obligations. This accountability entails that Argentina must utilize “credible economic data” as proof of Argentina’s economic recovery path.

The Road Ahead

Debt relief is an effective solution to addressing Argentina’s financial crisis and rebuilding a resilient economy. Negotiations with creditors involve the nation requesting reasonable interest rates from now on, which will allow Argentina to truly stabilize. The agreement is very desirable as Argentina is also navigating the added impacts of COVID-19. In general, this revamped economic plan will not solely benefit Argentina but also the international financial system. By setting new precedents, Argentina can effectively re-enter the global market, ultimately contributing to global economic growth as a result.

– Lauren Tabor
Photo: Flickr

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Examining Human Trafficking in Costa Rica

Human Trafficking in Costa Rica
Known as one of the ultimate vacation destinations, Costa Rica is a place of beautiful scenery, tourist hotspots and lively culture. However, Costa Rica needs to address human trafficking. Human trafficking in Costa Rica is one of the only areas in which the country falls short in comparison to its Central American neighbors. When it comes to GDP, level of happiness, human development and corruption, Costa Rica performs quite well. Here is some insight into human trafficking in Costa Rica and why it is so prevalent.

The Trafficking Victims Protection Act (TVPA) of 2000

The Trafficking Victims Protection Act (TVPA) of 2000 aids the U.S. government’s anti-trafficking efforts by providing the implements necessary to monitor and combat trafficking across the world and in the United States. The amended act authorized the establishment of The President’s Interagency Task Force to Monitor and Combat Trafficking in Persons (PITF) as well as the Trafficking in Persons Report (TIP).

Every year, the Secretary of State submits a TIP report ranking a list of countries requiring special scrutiny. The Secretary of State ranks each country or territory in one out of four tiers.

  • Tier 1: Countries and territories that have governments that fully comply with the TVPAs minimum standards.
  • Tier 2: Countries and territories that have governments that do not fully comply with the TVPAs minimum standards, but are taking significant steps to meet the requirements.
  • Tier 2 Watchlist: Countries and territories that are in Tier 2 and are increasing in the estimated number of trafficking victims without taking proportional actions or the country or territory’s government and failing to provide sufficient evidence of increasing efforts in combating human trafficking from the previous year.
  • Tier 3: Countries and territories that possess governments that do not fully comply with TVPAs minimum standards and are not making any efforts to do so.

The Situation in Costa Rica

In 2020, Costa Rica was in Tier 2 under the TVPA. If human trafficking in Costa Rica does not show increasing progress over the next few years, it could fall to Tier 3. Not only does Tier 3 mean international disrepute, but it has serious economic consequences in regards to foreign assistance. Efforts to decrease human trafficking in Costa Rica include:

  • Increasing victim identification.
  • Investigating and convicting more traffickers.
  • Making human trafficking cases among its top priorities.
  • Using a larger percentage of its anti-trafficking budget.

Prioritized Recommendations for the Costa Rican Government

Although these steps by the Costa Rican government are significant, the country is falling short in some areas. The TIP report for Costa Rica includes “Prioritized Recommendations.” Here are some recommendations that Costa Rica could undertake:

  • Increase anti-trafficking training for police, prosecutors and judges.
  • Intensify investigation efforts to prosecute trafficking offenses.
  • Fund and implement a judicial action plan for investigations and prosecutions.
  • Coordinate with civil society to increase victim identification.
  • Reduce the number of trafficking cases that are experiencing a backlog in the judicial system.
  • Strengthen efforts to convict child sex tourists.

Factors of Human Trafficking in Costa Rica

Due to a lack of resources and job opportunities, systematic inequality and poverty most frequently link to human trafficking. Even though Costa Rica is among the least poor countries in Latin America and the Caribbean, it has not seen much economic growth since 2010, and about 21% of its population lives in poverty.

Another factor contributing to human trafficking in Costa Rica is its prostitution laws. Although the facilitation and promotion of prostitution are illegal, the act of prostitution is not a crime. This makes Costa Rica reputable as a sex tourism destination. It is the number one destination in Central America for sex tourism. The legality of prostitution makes corruption easy in regards to trafficking minors as well as making sex establishments more accessible.

Behind drugs, human trafficking is the second-most profitable illegal industry. According to The International Labor Organization (ILO), profits from human trafficking are around $150 billion annually. The high earnings of the industry are another factor that promotes human trafficking in Costa Rica.

There are also cultural factors that affect human trafficking in Costa Rica. For instance, Costa Rica has a strong presence of masculinity. As a result, many men in Costa Rica view women as sexual objects. Factors such as traditional gender views, sexual harassment and domestic violence strengthen the systematic inequality in Costa Rica and put women at more risk for exploitation.

Taking Action

Multiple institutions are coordinating together to prevent human trafficking in Costa Rica. The National Coalition against Illicit Smuggling and Trafficking of Migrants (CONATT) coordinates short and long-term assistance to trafficking victims in the form of shelter, food and medical care. Chaired by Migration Authority, CONATT comprises 22 public institutions, key NGOs and international organizations. They meet periodically to review progression in areas such as research, prevention, protection and prosecution. They take action to raise awareness via workshops, fairs, advertisements and training on how to identify and prevent trafficking. As these preventative measures continue, Costa Rica could be on its way to Tier 1 placement under the TVPA.

– Addison Franklin
Photo: Flickr

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The Artisan Nation and Female Empowerment in India

Female Empowerment in India
Danielle Chiel is an Australian philanthropist who founded The Artisan Nation in 2020. This is the second organization that Chiel has founded. Additionally, she strives to improve female empowerment in India. Chiel started knitting at the age of 10. She realized that she could teach her craft to women and subsequently help improve their lives.

The Artisan Nation

The Artisan Nation is an organization working in India. This organization defines itself as a “nation that is not bound by geography, language or culture.” Rather, it is one that is united “by passion, creativity and talent.” Furthermore, the Artisan Nation has one unifying goal to increase the health and wellness of women and people in the villages the organization works in. It accomplishes this in four ways:

  1. Providing face masks for the women and their families.
  2. Delivering fresh drinking water to villages.
  3. Helping the villages receive more balanced foods in local stores.
  4. Offering medical assistance such as workouts, dietitians, psychologists and blood tests.

The Artisan Nation also strives to establish financial independence for women by providing consistent work, smartphones, lessons on how to use the phones and financial literacy courses.

The organization currently supports five villages in Southern India. However, Chiel hopes to reach more in the future. Each village needs $10,000 to support the workers and provide “balanced” lives for everyone in the village. While companies can get involved by cooperating as members of the Artisan Nation, Chiel encourages individuals to get involved as well. Donating just $10 can help fund a village.

KOCO

Chiel first created the organization Knit One Change One (KOCO) to improve female empowerment in India. It employs women in Tamil Nadu, India and provides them with classes in English, mathematics and knitting. These women hand-knit garments for 12 brands from various countries around the world. Since these jobs offer full-time employment, KOCO gives these women the opportunity to be financially independent and support their families. KOCO employed 200 women in 2019, but Chiel hopes that the organization will eventually employ 40,000 women.

Qiaoxifu in China

While Chiel fosters female empowerment in India and poverty reduction with her programs, other initiatives are using textile work to do the same. China’s program called Qiaoxifu has employed over 120,000 impoverished women in the textile, tourism and e-commerce sectors. In one sewing factory in the Henan Province, the workers make about $440 a month. Whether it is in Chiel’s organizations or the Qiaoxifu program, these initiatives help women become more financially independent, empowered and able to support their families.

– Sophie Shippe
Photo: Flickr