Free Republic

The Millennium Challenge Corporation is assisting the nation of Tunisia in achieving greater economic growth by getting it to improve its government and private-sector institutions, which MCC says suffer from a bloated workforce and strict labor laws that keep that unwieldy labor market intact. Tunisia, a North African nation tucked between Libya and Algeria, has agreed to pursue their reforms as a step toward signing a formal compact with MCC. First it must undergo scrutiny via MCC’s Threshold Program, which: assists countries in implementing policy changes in order to improve prospects for MCC Compact eligibility. MCC has signed 23 threshold...

HYDERABAD, India (AFP) - The Asian Development Bank (ADB) can boost the fight against climate change by curbing funds for fossil fuel projects and supporting renewable energy, environmental watchdog Greenpeace International says. In a report titled "Irrelevance or Leadership," Greenpeace said if the ADB continued to fund coal-based projects it could fail in its mission to reduce poverty and promote development. "The main cause of climate change is our reliance on fossil fuels -- coal, oil and gas -- to produce energy and the solution is to shift to clean, renewable energy such as biomass, geothermal power plants and wind...