ILO/Vijay Kutty – Cycle rickshaw pullers in the old quarter of Delhi, India. According to a new ILO report, about 93 per cent of the world’s informal employment is in emerging and developing countries.

news.un.org – More than 61 per cent of the world’s employed population – two billion people – earn their livelihoods in the informal sector, the United Nations labour agency said on Monday, stressing that a transition to the formal economy is critical to ensure rights’ protection and decent working conditions.

The London-headquartered bank withdrew from the US$1.87 billion coal-fired power plant’s financing consortium, but eight other banks, including Singapore’s OCBC and DBS and Malaysia’s Maybank, closed the deal.

Railway coal depot with limestone karst background. Viet Nam, Quảng Ninh, Cẩm Phả. Image: garcycles8, CC BY-NC-ND 2.0

By Robin Hicks – Thursday 19 April 2018

eco-business_What will be one of Vietnam’s largest coal-fired power stations has secured enough funding to get built, but a key member of the financing syndicate has pulled out following a campaign that highlighted a major conflict with the bank’s climate policy.

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