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Cambodia: Entering a New Phase of GrowthThis month’s preferred reading is Cambodia: Entering a New Phase of Growth by Olaf Unteroberdoerster.

Cambodia is poised to join a new generation of Asian frontier economies transitioning from low-income to emerging-market. But the path to greater and more shared prosperity requires a solid foundation of sound macroeconomic policies, enabling new growth drivers, tackling a highly dollarized and fragmented financial system, and creating more fiscal policy space to help meet Cambodia's vast development needs. This book first takes a closer look at the key economic challenges Cambodia faces at the current juncture, highlighting Cambodia's structural and financial constraints to growth as well as shifting vulnerabilities as Asia rebalances. It then lays out how a strategy of fiscal and financial sector policies, from creating a fairer and more buoyant tax system to modernizing financial instruments, markets and supervision, can help mobilize the resources and tools needed for one of Asia's youngest and fastest-growing populations to enjoy more self-sustaining and inclusive growth.

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from The Africa Report..September 16, 2014 A top level Russian government delegation is in Zimbabwe where it is expected to clinch mining deals worth billions of dollars. The delegation led by Industry and Trade minister Denis Manturov on Monday signed $3 billion platinum mining deal ahead of the commissioning of the project the following day. Russian Foreign Minister Sergey Lavrov was also expected at the commissioning of the Darwendale Integrated Platinum Group Metals project. His Zimbabwean counterpart
Tagged in: Mining
from The Africa Report..By Matthew Mpoke Bigg and Kwasi KpodoSeptember 17, 2014 Ghana opened talks with the International Monetary Fund (IMF) on Tuesday, hoping to secure financial assistance to restore its fiscal balance but knowing the road to success runs through painful public sector reform. The government is in a stronger position than when it announced the talks in August because it launched a $1 billion Eurobond at a rate that surprised the market last week. It has also

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from Inter Press Service..Analysis by Susan McDadeUNITED NATIONS, September 17, 2014   [Susan McDade is UN Development Programme (UNDP) Deputy Director for Latin America and the Caribbean www.latinamerica.undp.org @UNDPLAC]  World leaders gathered at the Climate Change Summit during the United Nations General Assembly on Sep. 23 will have a crucial opportunity to mobilise political will and advance solutions to climate change. They will also need to address its closely connected challenges of increasing access to sustainable energy as a key tool to secure
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from Inter Press Service..By Prossy NanduduKAMPALA, September 17, 2014 Farmer Sera Nafungo picking coffee berries in Bukalasi, eastern Uganda. Credit: Wambi Michael/IPS When Abudu Zikusoka was a small boy his father would bring people to their home in Ndesse village in Central Uganda’s Mukono district. He would watch as they packed the family’s harvested coffee into sacks and then loaded it onto their bicycles. “I used to see one of them giving daddy money from which he took
from International Man..By Nick Giambruno, Senior EditorSeptember 17, 2014 It’s sort of an obscure story, but it’s also incredibly instructive. That’s the story of how Eritrea—a tiny, mostly unheard-of country in East Africa—taxes its citizens who live abroad. Eritrea is one of only two countries in the entire world that taxes its nonresident citizens on their global income. Specifically, Eritrea levies a flat 2% tax on the income of its citizens who reside abroad. Nearly every other
from Inter Press Service.By Fabiola OrtizPANAMA CITY, September 16, 2014 Panama is the first Latin American country to have adopted a national strategy to combat what is known as hidden hunger, with a plan aimed at eliminating micronutrient deficiencies among the most vulnerable segments of the population by means of biofortification of food crops. The project began to get underway in 2006 and took full shape in August 2013, when the government launched the Agro Nutre Panamá programme, which coordinates
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from The Daily Nation (Kenya)..By MWANIKI WAHOMESeptember 16, 2014 A section of the World Bank funded Kisumu Southern by-pass on April 2, 2014. Members of Parliament want the government to explore new funding models for development projects to avoid overburdening the country with debts. FILE PHOTO | NATION MEDIA GROUP  NATION MEDIA GROUP Members of Parliament want the government to explore new funding models for development projects to avoid overburdening the country with debts. In a report
from The Washington Post..By Michael Birnbaum and William BraniginSeptember 16, 2014 KIEV, UKRAINE — The Ukrainian parliament ratified an agreement Tuesday to forge an economic and political association with the European Union and quietly passed legislation to grant amnesty to pro-Russian rebels and greater autonomy to regions they control in eastern Ukraine. In a vote synchronized with the European Parliament in Strasbourg, Ukrainian lawmakers unanimously approved the association pact over objections from Russia, which fears the loss of a market for
Tagged in: European Union
from The Washington Post..By the Associated PressSeptember 16, 2014 COLOMBO, Sri Lanka — Chinese President Xi Jinping won Sri Lanka's support Tuesday for a proposed maritime "Silk Road" linking China with Europe, and helped launch billion-dollar power plant and port city projects funded by his government. Xi, the first Chinese leader to visit Sri Lanka in 28 years, and President Mahinda Rajapaksa oversaw the signing of 27 agreements in areas, including highways and the construction of a
from The Cyprus Mail..September 16, 2014 The outlook on the Cypriot banking system remains negative, primarily reflecting the expectation of a continued rise in problem loans over the next 12-18 months that will exacerbate losses and erode banks’ capital, Moody’s said on Tuesday. The outlook also captures the vulnerability of the banks’ funding bases, owing to fragile depositor confidence after the resolution of the two largest banks in March 2013, leading to depositor losses and continued controls
Tagged in: Banking