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The Latest Breaking News from Developing Countries

Commentary: How to foot the bill on urgent climate action

This week’s annual meetings of the World Bank could have important implications for the climate crisis and could help shift the trajectory of global warming. Multilateral development banks can make or break the transition to renewable energy, and governments are their shareholders. It’s time for those governments to step up…

Tribune News Service

UN chief: 20 leading economies must help developing nations

The United Nations chief has sent a letter to finance ministers and central bankers from the world’s 20 leading economies urging that they change course and steer a global economic recovery including developing countries that have been hardest hit by the COVID-19 pandemic, the impact of the war in Ukraine…

The Independent UK

Billionaire MacKenzie Scott donates $15m to help provide glasses to farmers in developing countries

Donation is believed to be the largest single donation towards helping solve the problem of uncorrected blurry vision

The Guardian - UK

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G7 finance leaders pledge to intensify climate efforts despite war challenges

Finance leaders from the Group of Seven wealthy democracies on Wednesday pledged to increase emissions reductions efforts and climate support for developing countries despite energy cost and security challenges prompted by Russia's war in Ukraine.

Reuters

Tunisia struggles as petrol supply disrupted

For days, drivers in Tunisia have faced long queues at petrol stations due to fuel shortages. And Lesotho's election winner Sam Matekane has announced a new coalition government. Finally, developing countries call for more funding for the programme that allows crucial grain and food to be safely exported out ofports…

France 24

World Bank's Malpass, IMF's Georgieva See Rising Risks of Global Recession

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem after Russia's invasion of Ukraine. "There's a risk and real danger of a world recession next year," Malpass said in…

Asharq Al-Awsat

The US inflation bonanza for sovereign debtors

As developing countries confront a new era of elevated inflation, rising interest rates, a stronger dollar, and capital outflows, some governments stand to benefit from a little-noticed bonanza. During the "Great Moderation" that preceded the Covid-19 pandemic, years of low inflation led to the growth of sovereign debt issued at…

Bangkok Post

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Diabetes in South Africa: 60% aren't being screened for complications, according to new study

The world is experiencing a steep rise in the number of people living with diabetes, a chronic condition of significant public health concern. Many developing countries like South Africa now bear the greatest burden.

The Conversation

UN Sec-Gen Warns Of ‘Climate Chaos’ Ahead of COP 27

Weeks away from the 27th session of the UN Climate Conference (COP 27) in Sharm el-Sheikh, UN Secretary-General Antonio Guterres warned of "climate chaos," explaining that the increasing emissions are at "an all-time high and rising." He called on G20 of the world's wealthiest developed countries, companies, and investors to…

Asharq Al-Awsat

Green hydrogen sounds like a win for developing countries. But cost and transport are problems

Hydrogen is used mainly to make chemicals such as fertiliser, and in oil refineries. Most hydrogen in the world today is made from natural gas or coal – methods associated with large carbon dioxide emissions. Developed countries are therefore looking to “green hydrogen” instead – produced using renewable electricity such…

The Conversation

A ground plan for India’s reformed multilateralism

New Delhi’s call for a structural overhaul of global multilateral institutions incorporates institutional accountability and a wider representation of the developing countries

The Hindu

Live updates: U.N. General Assembly

Nigerian President Muhammadu Buhari says developing countries are “literally paying the price” when it comes to climate change

The Independent UK

Cairo, Washington Agree to Launch Initiative to Adapt to Clime Changes

Egypt and the United States agreed on the importance of adapting to climate changes, especially in developing countries and the African continent. This came during a meeting between US Special Presidential Envoy for Climate John Kerry and Egypt’s Environment Minister Yasmine Fouad on the sidelines of the 18th session of…

Asharq Al-Awsat

Green growth is our only option

In the run-up to the UN Climate Change Conference in Sharm El-Sheikh, this year's energy crisis has intensified the debate over what policies developing countries should be putting first. Some argue that poor countries should focus on development rather than decarbonisation; others advocate "green development", which would involve leapfrogging fossil…

Bangkok Post

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Foreign Affairs

The Unkept Promises of Western Aid

How donor countries cook their books and let down the developing world.

Asharq Al-Awsat

Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim has underlined the Kingdom’s steadfast commitment to renewing global cooperation and achieving the 17 UN Sustainable Development Goals (SDGs), the Saudi Press Agency reported. Al-Ibrahim said the G20 Development Ministers’ Meeting was an opportunity to work more closely and put…

Dynamite News

Impact of Ukraine conflict is not limited to Europe: India

India highlighted that the impact of the Ukraine conflict is not just limited to Europe, adding that it has exacerbated concerns over food, fertilizer and fuel security, especially in the developing countries. Read more on Dynamite News:

The Japan News/Yomiuri

Japan to revise ODA policy to focus on economic security

The government plans to revise the Development Cooperation Charter, which sets guidelines for Japan's official development assistance (ODA) to developing countries, in the first half of next year with a focus on economic security, The Yomiuri Shimbun has learned.

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The Guardian - US

Rich nations owe reparations to countries facing climate disaster, says Pakistan minister

Sherry Rehman, the country’s climate change minister, insists rich polluters must pay their due as country is hit by devastating floods

Bangkok Post

Averting debt disaster in the developing world

Many developing countries are teetering on the edge of a debt crisis, with the Covid-19 pandemic, soaring food and energy costs, and the monetary tightening of major economies all threatening to push them over. But the international community has yet to do what is necessary to pull at-risk countries back…

Belfast Live

Belfast City Council recycling unwanted spectacles to help developing countries

You can leave your old pairs of glasses at recycling centres across the city

Evening Standard

Putin’s war fuelling ‘catastrophic’ crisis putting 50 million people ‘one step from famine’

Vladimir Putin’s invasion of Ukraine has “put more people at risk of death” in dozens of developing countries where nearly 50 million people are now just “one step away from famine,” a minister warned on Friday.

Foreign Affairs

Is the Sri Lankan Debt Crisis a Harbinger?

Why U.S.-Chinese Tensions Put Developing Countries at Risk

The Hindu

Letters to the Editor - A rejoinder

Rejoinder from the Ministry of Commerce and Industry, to the article “MC12 over, its ‘gains’ f

The Conversation

Cryptocurrencies are gaining ground across Africa. That's both good news and bad

Cryptocurrencies have become popular in African and other developing countries. That’s according to a policy brief released recently by UNCTAD, a United Nations agency. Significant proportions of Kenya (8.5%), South Africa (7.1%) and Nigeria’s (6.3%) populations are using these digital currencies. In June, the Central African Republic adopted bitcoin as…

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