Spending 15% of the national budget on healthcare the perfect gift for mothers and children

May 12 was a very important day in the world- Mother’s Day. It was a day when literally every family in the world, celebrated and honored mothers and motherhood- because ultimately all of us came to this world through our mothers.

But as many families celebrated their mothers, up to 106 households in Uganda were in sorrow because they had lost their newly born baby. Such is the sad state of affairs surrounding maternal and child health in Uganda- that every day, 106 babies, die on their first day of life.

A new bank anchored in emerging markets could become a powerful catalyst for change and provide opportunities for new partnerships

At the conclusion of their summit in Durban in March, the leaders of the BRICS (Brazil, Russia, In\dia, China, and South Africa) announced their intention to establish a new development bank aimed at “mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries.”

The significance of this decision cannot be overemphasized. For starters, it reflects the enormous successes in economic development during the last four decades (the BRICS’ aggregate GDP is now greater than that of the advanced countries at the time when the Bretton Woods institutions were founded) and the rebalancing of global economic power that this implies.