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Economic Analysis and Policy

The world economy is on the mend. After a sharp, broad and synchronized global downturn in late 2008 and early 2009, an increasing number of countries have registered positive quarterly growth of gross domestic product (GDP), along with a notable recovery in international trade and global industrial production. World equity markets have also rebounded and risk premiums on borrowing have fallen.

The recovery is uneven and conditions for sustained growth remain fragile. Credit conditions are still tight in major developed economies, where many major financial institutions need to continue the process of deleveraging and cleansing their balance-sheets. The rebound in domestic demand…

Social Development

There are over 370 million indigenous people in some 90 countries, living in all regions of the world. The situation of indigenous peoples in many parts of the world is critical today. Poverty rates are significantly higher among indigenous peoples compared to other groups. While they constitute 5 per cent of the world's population, they are 15 per cent of the world's poor. Most indicators of well-being show that indigenous peoples suffer disproportinately.