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The Latest Breaking News from Developing Countries

Labour has got the message – it’s developing nations suffering most from bond market turmoil

Just as Brown and Blair did in 2005, Andy Burnham aims to champion debt relief to help developing countries

The Guardian - UK · 2h ago

World Bank in talks with 30-40 countries over aid to tackle Middle East energy shock

The World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global economy remains resilient, developing nations face growing challenges from rising diesel and fertilizer prices. The Bank anticipates more countries may access crisis funds as conditions worsen in…

The Economic Times · 6h ago

Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns

UN’s development arm calls for urgent action as crises could ‘throw tens if not hundreds of millions back into poverty’

The Guardian - UK · 8h ago

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Goyal at G20: India opposes making MFN conditional on WTO obligations

Union Minister Piyush Goyal represented India at the G20 Trade Ministers' Meeting, emphasizing the importance of the Most-Favoured-Nation principle. He stated that equal trading terms are essential for both large and small traders. Goyal expressed India's commitment to addressing trade distortions through WTO-compliant measures and preserving developing countries' policy space…

The Economic Times · Oct 2

Developing countries hit by overlapping crises, UNDP chief warns

Rising energy costs and El Nino conditions are challenging developing countries facing financial distress. Governments are struggling to manage high fuel prices and increasing debt levels. Recent UNDP surveys indicate that the crisis is affecting approximately 100 countries and worsening food insecurity. Many nations anticipate that conditions will deteriorate, prioritizing…

The Economic Times · Oct 2

India calls for greater Global South voice, UNSC reform at G77 foreign ministers' meeting

India called for greater voice and representation for developing countries and stressed the need for urgent UN Security Council reform as Foreign Secretary Vikram Misri delivered India's national statement at the 50th Annual Meeting of Ministers for Foreign Affairs of the Group of 77 during the 81st session of the…

The Economic Times · Sep 26

BRICS should work together on transfer pricing as disputes burden developing nations: FM

Finance Minister Nirmala Sitharaman emphasized the need for BRICS nations to improve collaboration on international taxation. She proposed establishing working groups to address transfer pricing disputes, which affect developing countries disproportionately. This effort aims to shape future cross-border taxation rules through multilateral negotiations. Revenue Secretary Arvind Shrivastava highlighted the importance…

The Economic Times · Sep 23

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US has deported 25,000 people to third countries under secretive deals, report shows

Since US President Donald Trump took office in January 2025, Washington has been signing deals with developing countries to take migrants who cannot legally be sent home.

Euronews · Sep 21

Opposition CMs from Keralam, Telangana, Karnataka, Tamil Nadu invited to BRICS gala dinner: Government sources

Prime Minister Modi hosted a splendid BRICS gala dinner in New Delhi, which saw the participation of chief ministers from opposition-led states. The summit concluded with the unanimous adoption of the New Delhi Declaration 2026, emphasizing the need for reforms in global governance and the inclusion of developing countries. The…

The Economic Times · Sep 13

At BRICS, Modi warns geopolitical tensions and supply chain shocks threaten global stability

Prime Minister Modi urged BRICS nations to boost cooperation and support for the Global South. Rising geopolitical tensions and climate crises are impacting people worldwide, he stated. The bloc agreed to establish an early warning system for infectious diseases. Leaders opposed unilateral sanctions and supported reforms to global institutions. BRICS…

The Economic Times · Sep 13

'UNSC reform can no longer be delayed': UN backs PM Modi's UNSC reform push, credits India's BRICS Presidency

The UN spokesperson supports Prime Minister Modi's call for Security Council reform. He stated the current structure does not reflect 21st-century global realities. BRICS nations seek a more representative and equitable international system. They advocate for greater participation of developing countries in global governance. The group also supports reforming international…

The Economic Times · Sep 12

BRICS nations resolve to remain committed to aims of Paris Agreement

BRICS leaders on Saturday reaffirmed their commitment to the UN climate framework and Paris Agreement, calling for stronger action on mitigation, adaptation, loss and damage and climate finance. They urged measures to address developing countries’ debt burdens and opposed unilateral, punitive and protectionist climate measures such as carbon-border-adjustment mechanisms.

The Economic Times · Sep 12

BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions

BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global…

The Economic Times · Sep 12

Nepal flash floods disaster offers crucial first test of world climate fund

IN FOCUS: Nepal wants up to $5bn to rebuild after devastating floods – a figure that is 200 times what’s on offer. Stuti Mishra explains where that leaves the Himalayan nation

The Independent UK · Sep 11

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The Economic Times · Sep 10

BRICS Climate Agenda: Focus on Global South as India pushes for sustainable future

India's BRICS presidency prioritizes climate action and energy transition for developing nations. Discussions will cover critical minerals and access to essential climate finance. The grouping aims to translate economic influence into a stronger collective voice. Cooperation on adaptation and technology transfer will also be central themes. BRICS seeks practical mechanisms…

The Economic Times · Sep 4

India says developed countries "must take lead in reducing emissions," affirms solidarity with Nepal

"Developed countries who historically are responsible for the emissions and have contributed overwhelmingly to the civil crisis, must take lead in reducing emissions and supporting developing countries by way of finance and technology transfer to meet this challenge," the MEA said.

The Economic Times · Aug 31

12-year-old wins $2,120 for a smartphone grip that becomes a breathing mask and she plans to donate prize to developing countries

A 12-year-old inventor Kim Ji On has won a $2,120 prize for creating a smartphone breathing mask inspired by a deadly hotel fire. Her emergency breathing mask is built into a smartphone grip, allowing it to be used during a fire. The young inventor plans to donate her youth invention…

The Economic Times · Aug 26

India urges global cooperation to safeguard sea lanes for food, fuel at UNSC

India called for global cooperation to safeguard critical sea lanes for essential goods. Secure maritime routes are indispensable for uninterrupted movement of food and fuel. Conflicts increasingly generate ripple effects far beyond immediate areas of hostilities. The UN Secretary-General noted record armed conflicts and high levels of global hunger. India…

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The Economic Times · Aug 21

India’s WTO resistance risks slowing investment in developing nations

The IFDA has backing from 131 WTO members, including 94 developing countries, and focuses on reducing red tape and making it easier to attract foreign investment. With Türkiye and South Africa dropping their opposition, the article says India is now the main obstacle to bringing the agreement into the WTO…

The Economic Times · Aug 20

India calls for urgent UNSC reforms, greater Global South representation at UN debate

India advocates for urgent UN Security Council reforms to reflect current global realities. The nation seeks expanded membership, especially for developing countries in the Global South. Discussions on working methods must integrate broader reform clusters and the veto issue. Transparency and equal access to information are crucial for all members.…

The Economic Times · Aug 7

India not in favour of separate BRICS currency: Piyush Goyal

BRICS group comprises 11 major emerging markets and developing countries of the world -- Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa, and United Arab Emirates (UAE).

The Economic Times · Jul 21

The geopolitics of AI: Why WAICO matters

China's formation of the World Artificial Intelligence Cooperation Organization marks a pivotal moment in the global AI landscape, marking the likely beginning of new alignments among nations. Developing countries might lean towards China's affordable open-source AI frameworks, finding them more attractive than their Western counterparts. This could intensify the race…

The Economic Times · Jul 15

UN not been able to move needle on Security Council reforms: India

India stated the UN Security Council's eighty-year-old structure is ill-equipped for current global challenges. The council's inability to intervene in conflicts has eroded public perception of the UN. India advocates for reforming global institutions to reflect contemporary realities and needs. The international financial architecture must also evolve to serve developing…

The Independent UK · Jul 14

Treasury ‘key blocker’ of UK-led debt relief programmes to help developing countries

IN FOCUS: Advocacy groups tell The Independent that growing support from MPs and ministers for more ambitious UK-led debt relief is being held back by resistance from the Treasury. Nick Ferris reports

The Guardian - UK · Jul 10

Developing countries spend more repaying foreign debt than on education, UN reveals

Unesco report shows children lost out to servicing debt in 113 countries, with 18 spending five times more on loans

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