View previous stories
	Countless people are struggling to make ends meet while wealth and power is concentrated at the top by World Social Report 2025 UNU WIDER, UN Division for Inclusive Social Development   Millions of people around the world are living in fear of job loss or struggling to find work, as economic instability, conflict, and climate shocks combine to erode global security, a new UN report has warned.   According to the World Social Report 2025, the sobering sentiment indicates a widespread lack of confidence in the future. Despite people living longer, being better educated and more connected than ever before, many believe that life today is worse than it was 50 years ago.   Close to 60 per cent of people surveyed on life satisfaction reported that they were “struggling” with a further 12 per cent describing themselves as “suffering”, the report notes.   According to the report, economic instability is no longer limited to the world’s poorest regions. Even in high-income countries, rising job uncertainty, gig work and the digital transition are contributing to this trend.   These jobs may offer flexibility but often come at the cost of security and rights – reducing workers to mere service providers in a commodified labour market.   The insecurities are further compounded by an alarming rise in informal employment. In many low and middle-income countries, jobs with no safety net remains the norm, locking workers into cycles of low pay, instability, and zero benefits.   Even those who manage to enter formal employment face significant risks of being pushed back into the informal sector, especially during downturns.   For over 2.8 billion people living on less than $6.85 a day – the threshold for extreme poverty – “even a small shock can send people into extreme poverty and any escapes from poverty are often temporary,” the report warns.   The situation is further complicated by rising climate change impacts and worsening conflicts, further undermining local economies and deepening inequality, especially in the developing world.   As financial pressures mount and stability erodes, public confidence in institutions – and in one another – has also taken a severe hit, particularly among young people.   Over half the world’s population (57 per cent) now expresses low levels of confidence in government. Among those born in the 21st century, trust levels are even lower – raising concerns about long-term civic disengagement and political instability.   People’s trust in one another is also eroding. Fewer than 30 per cent of people in countries with available data believe that most others can be trusted, undermining social cohesion and complicating efforts for collective action.   “The spread of misinformation and disinformation, facilitated by digital technologies, is reinforcing divisions and fuelling distrust,” the report says, warning of abuse and misuse of digital platforms and social media to spread deceit and hate speech, and stoke conflicts.   “Often, users find themselves immersed in virtual and siloed ‘echo chambers’ where they are exposed to news and opinions that align with and may even radicalize their views.”   Platform algorithms facilitate the creation of such echo chambers and reward more extreme content and engagement with higher visibility, the report adds.   To reverse these damaging trends, the report calls for a bold shift in policymaking – one grounded in equity, economic security and solidarity.   It urges governments to invest more in people through expanding access to quality public services – such as education, healthcare, housing and robust social protection systems.   These investments are not discretionary, the report stresses, but essential to promote resilience and inclusive growth.   It also highlights the need to rebuild trust through inclusive and accountable institutions. At the same time, power and wealth needs to become less concentrated at the very top of society.   As momentum builds toward the Second World Summit for Social Development, which will be held in Doha in November, global leadership will be key to driving transformative change.   UN Secretary-General Antonio Guterres stressed the need for unity and decisive action in a foreword to the report.   “The global challenges we face demand collective solutions,” he wrote. “Now more than ever, we must strengthen our resolve to come together and build a world that is more just, secure, resilient and united for each and every one of us.”   http://www.wider.unu.edu/news/world-social-report-2025-sounds-alarm-global-social-crisis http://desapublications.un.org/publications/world-social-report-2025-new-policy-consensus-accelerate-social-progress http://www.unrisd.org/en/research/projects/second-world-summit-for-social-development http://www.unrisd.org/en/library/blog-posts/still-reaching-for-the-band-aid-vulnerability-risk-and-the-world-social-summit http://www.socialprotectionfloorscoalition.org/2025/06/second-world-summit-for-social-development-resources/ http://www.socialprotectionfloorscoalition.org/ http://www.ipsnews.net/2025/05/2025-world-social-summit-must-not-missed-opportunity/   Aug. 2025   Sri Lanka’s crisis shows how debt is devouring the Global South - From Africa to Asia to Latin America, billions go hungry while creditors profit, by Anuka Vimuthi Silva and Amali Wedagedara. (Al Jazeera, agencies)   Sri Lanka is undergoing one of the most complex economic experiences in its history. The country’s financial collapse in 2022 was precipitated by a toxic mix of unsustainable borrowing, poor fiscal management, and external shocks.   Mass protests erupted under the banner of Aragalaya, a broad-based citizens’ movement demanding accountability, economic justice, and an end to political corruption.   The uprising ultimately forced the resignation of the sitting president, Gotabaya Rajapaksa. However, following his resignation, the administration of Ranil Wickremesinghe recaptured power.   Delaying calls for new elections, in 2023 the Wickremesinghe administration negotiated $3bn of support from the International Monetary Fund (IMF) under its New Extended Fund Facility (EFF) arrangement. Later that year, to unlock a second instalment of this bailout package, Sri Lanka also reached a debt restructuring agreement with a group of creditors including China, India, and Japan.   Even though, by September 2024, the Sri Lankan people elected a progressive government led by President Anura Kumara Dissanayake, with a historic mandate, the new administration has since been trapped within the constraints imposed by the IMF and the previous political establishment.   The mainstream neoliberal narrative has been quick to highlight the arrangement with the IMF, known as the 17th IMF program, as a sign of stabilisation, praising the debt restructuring agreement and compliance with IMF conditions. But what of the human cost of this “recovery”?   The punitive structural adjustment process includes privatising state-owned enterprises, disconnecting the Central Bank from state control, curtailing the state’s capacity to borrow, and subordinating national development aspirations to the interests of creditors.   It has placed the burden of its Domestic Debt Optimisation on working people’s retirement savings, specifically the Employees Provident Fund (EPF), raising concerns among salaried workers whose current real incomes have already been cut by high inflation and higher taxes.   Public sector hiring has been frozen, major rural infrastructure projects in transport and irrigation have been delayed or cancelled, and funding for health and education has stagnated even as costs rise.   The reforms undertaken to achieve macroeconomic stability, including interest rate hikes, tax adjustments, the removal of subsidies, increased energy pricing, and the erosion of workers’ pensions, have demanded a great deal from citizens.   The IMF program has also ushered in neoliberal legal reforms that erode the public accountability of the Central Bank, limit the government’s fiscal capabilities, and encourage the privatisation of land, water, and seeds through agribusiness.   To meet IMF targets – most notably, the goal of achieving a 2.3 percent primary budget surplus by 2025 – the Sri Lankan government has introduced sweeping austerity measures. Where else will that surplus come from if not from the money pots of the poor?   Bankers may welcome this austerity, but for those living and working in rural areas and coastal villages, it spells hardship and fear.   The imbalances within the debt restructuring program prioritise investor profit over the public interest, shrinking the fiscal space needed to rebuild essential services.   Civil society groups estimate that 6.3 million people are now skipping meals, and at least 65,600 are experiencing severe food shortages.   In a noteworthy move, newly elected President Anura Dissanayake has instructed the treasury to reinstate subsidies for the agricultural and fishing sectors. While welcome, this may not be enough. Fishermen report that fuel costs remain steep, eating into their incomes.   Farmers, many locked into chemical input-intensive production, are struggling with rising costs, climate catastrophes, and reduced state support.   Sri Lanka’s 2025 public health allocation accounts for just 1.5 percent of its gross domestic product – five times smaller than the amount allocated to service the interest on public debt. This stark disparity highlights the fiscal constraints placed on basic social spending.   But this is not just a Sri Lankan story. It is part of a broader global debt emergency draining public finances across the Global South. A vast number of countries in Africa, Asia, Latin America, the Caribbean, the Pacific, and Central Europe have been forced to cede national policymaking autonomy to international financial institutions like the IMF, World Bank, and Asian Development Bank (ADB).   A recent United Nations Conference on Trade and Development (UNCTAD) report reveals that half of the world’s population – approximately 3.3 billion people – now live in countries that spend more on interest payments than on health or education. In 2024 alone, developing countries paid a staggering $921bn in interest, with African nations among the hardest hit.   UNCTAD warns that rising global interest rates and a fundamentally unjust financial architecture are entrenching a cycle of dependency and underdevelopment.   Developing countries routinely pay interest rates several times higher than those charged to wealthy nations, yet existing debt relief mechanisms remain inadequate – ad hoc, fragmented, and overwhelmingly tilted in favour of creditors. The demand for a permanent, transparent debt resolution mechanism – centred on justice, development, and national sovereignty – is gaining momentum among Global South governments.   This issue is also drawing serious attention from global grassroots movements. In September this year, more than 500 delegates from around the world will convene in Kandy, Sri Lanka, for the 3rd Nyeleni Global Forum for food sovereignty. One of the key themes will be the global debt crisis and how it undermines basic rights to food, education, health, and land.   It is clear to those of us in the Global South that a just recovery cannot be built on fiscal targets and compliance checklists alone. We demand the reclaiming of public space for investment in social goods, the democratisation of debt governance, and the prioritisation of people’s dignity above creditors’ profit margins.   For Sri Lanka – and for countless other countries across Africa, Asia, and Latin America – this may be the most urgent and necessary restructuring of all.   * Anuka Vimuthi Silva is a small-scale farmer from Sri Lanka and is a member of the Movement for Land and Agricultural Reform (MONLAR) and La Via Campesina. Amali Wedagedara is a Senior Researcher at the Bandaranaike Centre for International Studies (BCIS), Colombo, Sri Lanka   June 2025 (Columbia University-Initiative for Policy Dialogue, Caritas)   A new report by world-leading experts on debt and development calls for urgent action and systemic reforms to tackle the escalating debt and development crises affecting billions worldwide.   “The Jubilee Report: A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy,” is authored by Pope Francis’ Jubilee Commission — a group of over 30 leading global experts led by Nobel laureate and Columbia University Professor Joseph Stiglitz and Columbia University School of International and Public Affairs Professor Martín Guzman.   The report follows Pope Francis’ repeated calls for global debt relief, which are now being carried forward by Pope Leo XIV, and brings together for the first time a combination of sound economic expertise with the moral responsibility to act.   The report powerfully shows that the debt crisis plaguing our global financial system is also fueling a development crisis. Fifty-four developing countries now spend 10% or more of their tax revenues just on interest payments.   Across the developing world, average interest burdens have nearly doubled in the past decade. This diverts resources away from essential investments in health, education, infrastructure, and climate resilience -depriving millions of life-saving care, nutrition and employment. This does not have to be the case: Solutions exist that are both economically sound and beneficial to all.   As global market uncertainty grows and refinancing options diminish for debt-distressed nations, this report charts a bold and practical path forward, arguing that, through shared responsibility we can avoid a lost decade for development and climate action and instead support economic recovery and long-term development.   The report presents a moral and practical vision: that global finance should serve people and the planet — not punish the poor to protect profits.   http://ipdcolumbia.org/publication/jubilee-debt-development-blueprint/ http://www.caritas.org/2025/06/why-the-jubilee-report-calls-for-a-rethink-of-global-debt/ http://www.caritas.org/2025/07/church-groups-say-more-action-needed-on-global-debt-crisis/ http://www.cidse.org/2025/06/03/new-cidse-policy-brief-calls-for-debt-relief-as-cornerstone-of-climate-justice/ http://www.cidse.org/2025/06/27/from-bonn-to-belem-wheres-the-justice-in-climate-action/ http://www.oxfam.org/en/research/private-profit-public-power-financing-development-not-oligarchy   June 2025   United Nations Secretary-General launches report to break “the cycle of debt distress”. (UN News)   The United Nations Secretary-General has presented new recommendations–Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing–that aim to break the cycle of debt distress and lay the foundation for unlocking long-term, affordable financing that supports sustainable development.   With two-thirds of low-income countries now at high risk of—or already in—debt distress, the report highlights a growing crisis: soaring debt service costs are crowding out vital investments in education, health, and climate resilience.   “The current global debt system is unsustainable, unfair and unaffordable, with many governments spending more on debt payments than on essentials like health and education combined,” said the Secretary-General. “These 11 immediately actionable proposals can help address the debt crisis, empower borrower countries, and create a fairer system.”   Prepared by the UN Secretary-General’s Expert Group on Debt, the report reinforces the commitments put forward in the FfD4 Outcome Document and makes the case that an end to the debt crisis is entirely feasible—if opportunities are seized.   http://www.un.org/sustainabledevelopment/blog/2025/06/ffd4-press-release-sg-report-2025 http://news.un.org/en/story/2025/06/1165051   Oct. 2024   The international financial system is failing to address the catastrophic debt crisis, by Olivier De Schutter - UN Special Rapporteur on extreme poverty and human rights   The international financial system is failing to address the catastrophic debt crisis that is engulfing developing countries and causing misery for hundreds of millions of people, the UN’s poverty expert said today.   “The debt crisis is not just a fiscal issue; it is a full-blown human rights crisis,” said the UN Special Rapporteur on extreme poverty and human rights, Olivier De Schutter, on the International Day for the Eradication of Poverty.   “In the poorest countries of the world people are struggling to eat, access health services or send their children to school, while their governments shell out billions of dollars to pay back loans to wealthy creditors.   “Making a bad situation worse, countries with the highest levels of debt also tend to be those most vulnerable to climate change, but are being forced to prioritise debt repayments over addressing the severe consequences of the climate crisis.”   The expert warned that rocketing interest rates since the Covid-19 pandemic were sinking countries in the Global South further into debt.   In 2023, a record 54 developing countries allocated 10% or more of government revenue to paying off the interest on their debt, leaving “little room for countries to spend on poverty-busting public services such as education or social protection”.   3.3 billion people live in countries that spend more on interest payments than on either education or health. Interest rates demanded from developing countries are also much higher than those paid by rich countries. African countries borrow money at almost four times the rate paid by the United States, despite the astronomical level of US debt.   “This perverse scenario has been playing out in the Global South for years, accelerating the freefall into poverty seen since the pandemic,” De Schutter said.   “Creditors have responded too little, too late. The G20’s ‘Common Framework’, agreed in 2020 to bring international financing institutions (IFIs), individual states and private lenders together to speed up debt restructuring, is simply not working.”   De Schutter called for immediate debt relief for countries in crisis and urgent reform of the international financial system to align with human rights.   “Banks and hedge funds have become huge players in the world of sovereign debt and should not be exempt from their human rights responsibilities. It is abhorrent that debt repayments to the world’s richest corporations are being paid at the expense of children’s education or healthcare. Governments must introduce legislation to compel private creditors under their jurisdiction to participate in debt relief for low income countries.   “Comprehensive reform of the international financial architecture, as advocated by the recently agreed Pact of the Future, is also needed. The current system within the IFIs, characterised by unequal representation between high and low-income countries, unfavourable lending conditions, and unfair debt restructuring is trapping too many countries in a cycle of poverty.”   The Special Rapporteur lamented the conditions attached to bailout packages from IFIs which, with their demands for austerity measures, sale of state assets and, at times, surcharges already denounced by UN human rights experts, make it near impossible for states to comply with their human rights obligations and lock countries into unsustainable growth patterns that have only worsened poverty and inequality.   “With Pakistan recently agreeing to its 24th bailout from the International Monetary Fund, which hinged on the country accepting what the Prime Minister called ‘conditions beyond imagination’, it is clear that people in poverty will continue to pay the high price of a debt crisis that is not of their making,” the expert said.   “The solution to the debt crisis is neither to stimulate economic growth at all costs, nor to impose austerity policies. It is to cancel or restructure debt, and to focus on public investment, particularly in social protection, that will restore the prospect of long-term prosperity.”   http://www.srpoverty.org/2024/10/17/statement-international-financial-system-not-fit-for-purpose-to-address-catastrophic-debt-crisis-un-poverty-expert/ http://www.srpoverty.org http://www.ohchr.org/en/special-procedures/sr-poverty http://www.ohchr.org/en/documents/thematic-reports/ahrc5851-understanding-landscape-climate-finance-debt-tax-and-illicit http://www.ohchr.org/en/special-procedures/ie-foreign-debt/annual-thematic-reports http://www.lse.ac.uk/granthaminstitute/news/overlooking-nature-is-no-longer-an-option-for-fiscal-policy-and-debt-sustainability-analyses/ http://reliefweb.int/report/world/human-cost-public-sector-cuts-africa-april-2025 http://actionaid.org/publications/2025/human-cost-public-cuts-africa http://www.ipsnews.net/2025/01/developing-countries-choked-debt-year-breaking-free/ http://debtjustice.org.uk/press-release/lower-income-country-debt-payments-hit-highest-level-in-30-years http://debtjustice.org.uk/news http://cafod.org.uk/campaign/the-new-debt-crisis http://tinyurl.com/y45jmkdd http://www.un.org/sustainabledevelopment/blog/2025/06/ffd4-press-release-sg-report-2025/ http://unctad.org/publication/world-of-debt http://www.eurodad.org/debt_justice http://www.eurodad.org/key_publications_2024 Visit the related web page
	Tens of millions at risk of extreme hunger and starvation as unprecedented funding crisis spirals by United Nations World Food Programme   Apr. 2025   The United Nations World Food Programme (WFP) warned today that 58 million people risk losing life-saving assistance in the agency’s 28 most critical crisis response operations unless new funding is received urgently.   Despite the generosity of many governments and individual donors, WFP is experiencing a steep decline in funding across its major donors. The severity of these cuts, combined with record levels of people in need, have led to an unprecedented crisis for tens of millions across the globe reliant on food aid.   Right now, the organization is facing an alarming 40 percent drop in funding for 2025, as compared to last year. This is having severe repercussions for its food aid efforts globally, particularly emergency feeding programmes that support the most vulnerable.   “WFP is prioritizing countries with the greatest needs and stretching food rations at the frontlines. While we are doing everything possible to reduce operational costs, make no mistake, we are facing a funding cliff with life-threatening consequences,” said Rania Dagash-Kamara, WFP Assistant Executive Director for Partnerships and Innovation. “Emergency feeding programmes not only save lives and alleviate human suffering, they bring greatly needed stability to fragile communities, which can spiral downwards when faced with extreme hunger.”   Today, global hunger is skyrocketing as 343 million people face severe food insecurity, driven by an unrelenting wave of global crises including conflict, economic instability, and climate-related emergencies.   In 2025, WFP’s operations are focused on supporting just over one-third of those in need - roughly 123 million of the world’s hungriest people - nearly half of whom (58 million) are at imminent risk of losing access to food assistance.   Last year, WFP teams helped feed more than 120 million people in 80 countries, delivering urgent food aid to hunger hot spots and frontline crises around the world.   As WFP works to quickly adapt its operations to current low funding levels, it is alerting donors that its 28 most critical crisis response operations are facing severe funding constraints and dangerously low food supplies through August.   The 28 programmes span: Lebanon, Sudan, Syria, South Sudan, Chad, Afghanistan, Myanmar, Uganda, Niger, Burkina Faso, DRC, Yemen, Mali, Bangladesh, Venezuela, Haiti, Mozambique, Nigeria, Somalia, Kenya, Ukraine, Malawi, Burundi, Ethiopia, Palestine, Central African Republic, Jordan, and Egypt.   Below are a few examples of these programmes.   Sudan: WFP requires nearly US$570 million to support over 7 million people per month in Sudan where a looming pipeline break will hit as early as April. Famine was first confirmed in Zamzam camp near the embattled city of El Fasher and has since spread to 10 areas across North Darfur and the Western Nuba mountains. In Sudan 24.6 million people do not have enough to eat.   Delays in funding to deliver emergency food assistance, emergency nutrition and emergency logistics will cut a vital lifeline for millions with immediate and devastating consequences for vulnerable populations, who in many cases are just one step away from starvation.   Democratic Republic of Congo (DRC): WFP requires US$399 million to feed 6.4 million as escalating violence by militia groups in the east has already displaced more than a million people. Food and nutrition assistance across the DRC is vital to stabilize the region and reach the most vulnerable who have already been displaced by conflict multiple times.   Palestine: WFP emergency response requires approximately US$265 million over the next six months to provide support to nearly 1.4 million people in Gaza and the West Bank.   An additional US$34 million is urgently needed for 3-month shock-responsive cash transfer assistance to support 40,000 families in the West Bank. The humanitarian situation in Gaza remains critical with over 2 million people fully dependent on food assistance – most of them displaced, without shelter and income.   Syria: WFP requires US$140 million to provide food and nutrition assistance to 1.2 million people every month. Without new funding, WFP faces a pipeline break in August which would cut off food assistance to one million of the most severely food-insecure individuals. Any disruption in life-saving assistance threatens to erode stability and social cohesion during a critical moment when millions of Syrians try to return home.   Lebanon: WFP requires US$162 million to feed 1.4 million people as severe funding shortfalls are already disrupting food assistance to vulnerable Lebanese and Syrian refugees – fostering instability and heightened social tensions. With an ongoing economic crisis and government transition in Lebanon, food insecurity continues to rise with one in three already facing acute hunger.   South Sudan: WFP requires US$281 million to provide food and nutrition assistance to 2.3 million people escaping war, climate extremes, and an economic disaster - plunging them into a severe hunger crisis. South Sudan has also seen more than one million people arrive, fleeing from the war in Sudan.   Nearly two-thirds of the people in South Sudan are acutely food insecure. New funding for WFP’s crisis response activities in South Sudan is needed now to preposition life-saving food ahead of the rainy season.   Myanmar: WFP requires US$60 million to provide life-saving food assistance to 1.2 million people. Without immediate new funding a pipeline break in April will cut off one million from all support. Increased conflict, displacement and access restrictions are already sharply driving up food aid needs as the lean season is expected to begin in July when food shortages hit hardest.   Haiti: WFP requires US$10 million to feed 1.3 million as brutal violence by armed groups has caused record levels of hunger and displacement. Half the population is facing extreme hunger and a quarter of the children under the age of five are stunted.   More than a million people have been forced from their homes, including a record 60,000 in just one month this year. WFP has been providing hot meals and cash assistance to displaced people, but without new funding, that lifesaving assistance could be suspended in the coming weeks.   Saheland Lake Chad Basin: WFP requires US$570 million to reach 5 million people with life-saving food and nutrition assistance. Without new funding a pipeline break is expected in April. Millions of the most vulnerable people in Burkina Faso, Mali, Mauritania, Niger, the Central African Republic, Cameroon, and Nigeria in need of emergency support also face dire consequences as the June to August lean season approaches. At current funding levels, five million people risk losing critical support from WFP in the months ahead.   * The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.   http://www.wfp.org/news/tens-millions-risk-extreme-hunger-and-starvation-unprecedented-funding-crisis-spirals http://www.wfp.org/news/persistent-violence-and-displacement-lead-record-hunger-haiti-needs-skyrocket http://www.fsinplatform.org/report/global-report-food-crises-2025/ http://www.wfp.org/news/wfp-runs-out-food-stocks-gaza-border-crossings-remain-closed http://www.wfp.org/news/conflict-and-rising-food-prices-drive-congolese-one-worlds-worst-food-crises-according-new-ipc http://www.wfp.org/news/wfp-calls-urgent-access-preposition-food-sudan-rainy-season-risks-cutting-roads-starving http://www.fao.org/newsroom/detail/two-years-since-the-start-of-the-conflict-sudan-is-facing/en http://www.wfp.org/stories/people-south-sudan-deserve-freedom-prisons-conflict-and-hunger http://www.wfp.org/news/wfp-warns-rising-hunger-and-malnutrition-ethiopia-humanitarian-needs-outpace-resources http://www.wfp.org/news/wfp-calls-urgent-investment-prevent-child-wasting-leaders-convene-nutrition-growth-summit http://www.ipcinfo.org/ http://reliefweb.int/report/sudan/hunger-hotspots-fao-wfp-early-warnings-acute-food-insecurity-november-2024-may-2025-outlook http://www.fao.org/giews/country-analysis/external-assistance/en/ http://www.wfp.org/publications/wfp-2025-global-outlook http://humanitarianaction.info/document/global-humanitarian-overview-2025 Visit the related web page
	View more stories