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BOOM OR BUST: HOW COMMODITY PRICE VOLATILITY IMPEDES POVERTY REDUCTION, AND WHAT TO DO ABOUT IT
The report argues that commodity price volatility creates significant economic and environmental instability for approximately two billion people and 95 developing countries. It examines five primary policy interventions: supply management, national revenue management, market-based price risk management, compensatory finance, and alternative trade initiatives. The authors conclude that while no single 'silver bullet' exists, a combination of complementary policies, private sector engagement, and a focus on income stability rather than just price stabilization is essential for sustainable development and poverty reduction.
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Document type: Report
AUGE O CAÍDA: CÓMO LA VOLATILIDAD DE PRECIOS DE LOS PRODUCTOS BÁSICOS IMPIDE LA REDUCCIÓN DE LA POBREZA Y QUÉ SE PUEDE HACER AL RESPECTO
The report argues that commodity price volatility, which can see prices fluctuate by 50% in a single year, obstructs long-term planning, deepens commodity dependence, and hinders poverty reduction for approximately two billion people globally. It highlights that the core issue is not price volatility itself, but the resulting volatility of national and individual incomes. The document analyzes five policy interventions: supply management (controlling supply to influence price), national revenue management (using stabilization funds like those in Norway and Chile), market risk management (using futures and options), compensatory financing (external grants or loans for export earnings losses), and alternative trade initiatives (certification and fair trade). It concludes that no single 'magic solution' exists and recommends a combination of complementary policies, private sector engagement, and the integration of income stabilization into broader rural development and diversification programs.
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Document type: Report
LES HAUTS ET LES BAS : COMMENT LA VOLATILITÉ DES PRIX DES PRODUITS DE BASE EMPÊCHE LA RÉDUCTION DE LA PAUVRETÉ, ET CE QUE L’ON PEUT FAIRE
The document argues that commodity price volatility, which can vary by up to 50% in a single year, hinders long-term financial planning and environmental management, thereby trapping producers in a cycle of poverty and dependency. It emphasizes that the core issue is income volatility rather than price volatility itself. The report evaluates five strategic options: supply management (controlling output to influence price), national revenue management (using stabilization funds like National Revenue Funds), market-based risk management (using futures and options), compensatory financing (emergency grants or loans), and alternative trade initiatives (certification and fair trade). It concludes that no single 'silver bullet' exists and recommends a complementary approach involving the private sector and flexible, simple policies to achieve sustainable income stability.
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Document type: Report
Ghana’s relations with China
The document examines the multifaceted relationship between Ghana and China, highlighting China's role as a major development partner providing infrastructure loans and technical assistance. It analyzes the trade imbalance characterized by Ghana's export of primary commodities and import of Chinese manufactured goods, and evaluates Chinese foreign direct investment, which is predominantly concentrated in non-extractive sectors through small and medium-sized enterprises.
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Document type: Report
Compensatory Finance Options for tackling the commodity price problem
The document examines the history and failure of compensatory finance schemes designed to smooth revenue flows for commodity-dependent developing countries. It analyzes the IMF's CFF and the EU's STABEX, concluding that both were undermined by donor conditionality and a tendency to operate pro-cyclically. While UNCTAD continues to propose innovative, automatic, and self-financing models, the author argues that these tools have fallen out of political fashion, replaced by direct budget support and market-based intelligence.
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Document type: Report
Consistently Inconsistent
The report analyzes the economic dependence of Ghana and Côte d’Ivoire on cocoa, noting that short-term price volatility and long-term price declines threaten smallholder welfare. It compares the outcomes of market liberalization in both countries, finding that Côte d’Ivoire's complete dissolution of its stabilization fund (CAISTAB) increased producer price volatility and reduced export quality, whereas Ghana's more cautious approach via COCOBOD maintained greater stability and quality premiums. The author concludes that no single policy is sufficient and recommends a combination of state-led quality control, national price insurance, rejuvenated international coordination through the International Cocoa Agreement, and support for niche markets.
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Document type: Report
Francophone Africa’s Jewel
The report examines the experience of South African companies operating in Senegal, highlighting the country's political stability and macroeconomic reforms as key attractions. While sectors like mining and energy are lucrative, investors face challenges including rigid labour laws, weak intellectual property enforcement, and limited local disposable income. The document provides specific policy recommendations for both the Senegalese and South African governments to foster stronger economic ties.
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Document type: Report
Boom or Bust
The report examines the 'commodity price problem,' characterized by extreme short-term volatility and a steady long-term decline in real prices relative to manufactured goods. While high prices can provide windfall revenues, the authors argue that dependence on primary commodities creates a 'resource trap' that undermines fiscal planning, exacerbates social inequality, and encourages environmental degradation. The document concludes that because developing countries lack the resources to hedge against these risks, the international community should focus on income stabilization through mechanisms such as compensatory financing, national revenue management, and risk management instruments.
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Document type: Report
Environmental Goods Negotiations
The document examines the ongoing WTO negotiations on environmental goods, noting that current proposed lists of goods for liberalization primarily benefit developed countries, who account for 79 per cent of exports. To create a more balanced outcome, the author suggests expanding the definition of environmental goods to include environmentally preferable products (EPPs) of export interest to developing countries—specifically non-timber forest products and natural fibre products—and implementing Special and Differential Treatment (SDT) provisions such as delayed compliance and less-than-full reciprocity.
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Document type: Research paper
The Crisis in Côte d’Ivoire
The document analyzes the roots of the conflict in Côte d’Ivoire, tracing it from the death of President Felix Houphoüet-Boigny in 1993 to the 2002 rebel seizure of the north. It highlights the role of 'Ivoirité' in disenfranchising northerners and the failure of peace accords like Marcoussis and Accra II and III. The author argues that because all major political actors—including Laurent Gbagbo, Henri Konan Bédié, Alassane Ouattara, and Guillaume Soro—have acted in bad faith, they should be barred from politics in favor of an interim government and neutral election supervision.
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Document type: Research paper
EU Trade Policy and Conflict
The report argues that while the EU has introduced initiatives to counter conflict resources and provide preferential access to Least Developed Countries, its broader trade policies—specifically agricultural subsidies and the push for reciprocal Economic Partnership Agreements (EPAs)—can inadvertently drive instability. It highlights the 'double standard' of preaching free trade while subsidising EU farmers and notes that commodity price volatility often undermines security in sub-Saharan Africa. The author suggests that the EU should conduct conflict assessments of trade agreements and reduce agricultural subsidies to better align its trade policy with its peace and development goals.
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Document type: Report
Vulnerability Profile of West Africa
The report analyzes the environmental vulnerability of West Africa, focusing on the interplay between poverty, environmental degradation, and natural hazards. It identifies key sensitivities in health, water availability, and food security, while detailing the diverse farming systems and urban livelihoods that shape resilience. The document emphasizes that vulnerability is exacerbated by social inequities, political conflict, and population growth, and argues for integrated poverty reduction strategies that prioritize diversification and adaptive capacity to mitigate the impacts of climate change and resource scarcity.
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Document type: Report
Vulnerability Profile of Burkina Faso
The report identifies Burkina Faso as highly vulnerable to climatic shocks, epidemics, and environmental degradation, with 44.5% of the population living below the absolute poverty line. It highlights the critical role of agriculture, particularly cotton, and the risks associated with rainfall variability and drought. The document details the sensitivity of vulnerable groups—especially women, children, and nomadic pastoralists—and examines migration as a key coping strategy. It concludes that reducing vulnerability requires integrated environmental management, improved food security, and targeted support for marginalized populations.
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Document type: Report
Vulnerability Profile of Mali
The report identifies Mali as highly vulnerable to environmental and climatic stresses, particularly droughts and floods, which exacerbate poverty and food insecurity. It highlights that vulnerability is shaped by regional disparities, social hierarchies, and health crises like HIV/AIDS. Environmental degradation, driven by deforestation and unsustainable agricultural expansion (especially cotton), further reduces the resilience of rural populations. The document argues for integrated strategies to reduce vulnerability, focusing on income diversification, improved water and sanitation, and targeted support for the most marginalized groups, including women and children.
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Document type: Report
UN REFORM AND FUNDING PEACEKEEPING IN AFRICA
The document examines the shift toward 'vertical deepening' of peacekeeping, where the UN relies more on regional organisations like the African Union (AU) and its 'building blocks' (SADC, ECOWAS, IGAD, ECCAS/CEEAC, and EAC). It highlights a critical gap between Africa's political will and its financial capacity, noting that while the AU can provide troops, it cannot fund large-scale missions. The author analyzes the EU Peace Facility as a model for external support and proposes seven funding options for regional operations, ranging from UN assessed contributions to bilateral arrangements. The paper concludes that African peacekeeping should be a 'bridging force' for UN deployments rather than a total replacement, requiring sustained international investment in capacity-building and DDR (disarmament, demobilization, and resettlement).
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Document type: Research paper
Glimpse of Hope in West Africa
The report assesses Ghana as a strategic 'gateway' for South African investment in West Africa, highlighting the country's political stability and economic reforms as primary attractors. While South African firms have achieved significant market share in mining, multimedia, and brewing, they face constraints including high costs of finance, bureaucratic red tape, and land tenure disputes. The document provides specific policy recommendations for both the Ghanaian and South African governments to further enhance bilateral trade and investment.
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Document type: Report
Timbuktu’s Golden Legacy
The report examines the experiences of South African companies operating in Mali, noting that while the country is a democratic success story with strong economic growth, significant practical barriers exist. South African investment is heavily concentrated in gold mining and energy, contributing substantially to Mali's GDP and state revenue. However, investors face challenges including a complex tax system, weak judicial infrastructure, poor transport logistics due to Mali's landlocked position, and a lack of skilled labour. The document recommends structural reforms in taxation, labour law, and infrastructure to attract more diversified foreign investment.
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Document type: Report
Héritage d’or de Tombouctou
The report examines the impact and challenges of South African investment in Mali, noting that while the country offers political stability and significant gold mining opportunities, investors face severe bureaucratic, legal, and infrastructural hurdles. South African firms, particularly in gold mining, have significantly boosted Mali's GDP and state revenues, but struggle with a complex tax system, an inefficient judiciary, and a lack of skilled local labor. The document highlights the case of the Syama gold mine to illustrate the environmental and social risks of mine closures. It recommends that the Malian government modernize its tax and labor laws and that the South African government provide better diplomatic and commercial support for its firms in the region.
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Document type: Report
Sustainable Coffee Trade
The document analyzes the sustainability challenges of the coffee sector, such as declining prices and environmental degradation, and evaluates how different contracting systems can address these issues. It compares conventional contracts with alternative models like Fairtrade (FLO), Starbucks' Preferred Supplier Program, and Utz Kapeh, concluding that while contracts cannot solve macro-economic crises, they can improve producer stability through long-term agreements, price differentials, and preferred supplier status.
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Document type: Research paper
silentinvasion_buildingcapacity-397e4c6dd19c7eed.pdf
The briefing outlines strategies for Small Island Developing States (SIDS) to combat invasive alien species (IAS), emphasizing that prevention is more cost-efficient than eradication. It advocates for multi-disciplinary legislative frameworks, regional information exchange to prevent one country's inaction from undermining another, and the use of scientific baselines to identify vulnerable ecosystems. The document highlights various funding sources and international resources, including the Global Environment Facility and the Global Invasive Species Programme, to support these capacity-building efforts.
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Document type: Briefing