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The Latest Breaking News from Developing Countries

Paris hosts summit to secure debt relief and climate cash for developing countries

On 22 and 23 June, Paris is hosting a summit for a “New Global Financing Pact” at the Palais Brogniart. Heads of state, international organisations and representatives of civil society will be gathering to discuss ways to boost solidarity toward the Global South. The aim is also to contribute to…

The Conversation

Are debt-for-nature swaps the way forward for conservation?

Agreements to reduce developing countries’ debt burden in exchange for spending on nature will be on the agenda at a finance summit in Paris this week

The Guardian - UK

A summit with substance

Macron’s finance summit must outline the pathway to real investment

The Hindu

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Months after President Biden, PM Modi calls for G-20 membership for African Union

In January, India hosted the Voice of the Global South Summit with an aim to highlight the problems and challenges facing developing countries.

The Hindu

UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order

From the ashes of World War II, three institutions were created as linchpins of a new global order

The Independent UK

UN climate talks in Bonn end in stalemate as poorer countries plead for action

Ten days of climate talks wrapped up in Bonn, Germany, on Thursday with negotiators unable to agree on key issues ahead of the Cop28 summit in December. Developing countries that are especially vulnerable to climate change say richer ones are failing to deliver the funding they need to weather the…

Radio France Internationale

Japan emperor says ties with developing nations key to tackling global challenges

Japanese Emperor Naruhito says cooperation with developing countries is key to tackling climate change and other global challenges

The Independent UK

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The west has broken its promises to developing countries – and we’re all paying the price

A summit in Paris this month offers a way to tackle this disastrous failure, but only if western leaders bother to turn up, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK

Only 12% of Sustainable Development Goals targets are on track: Haoliang Xu, Assistant Secretary General of UNDP

In an exclusive interview for The Hindu, Haoliang Xu, Assistant Secretary General of UNDP said most of the Sustainable Development Goals (SDGs) are not on track and that at least 52 countries are facing “debt distress” that is forcing them to prioritise debt servicing over investing in human development goals.

The Hindu

Rich countries with high greenhouse gas emissions could pay $170tn in climate reparations

Proposed compensation would be paid to developing countries that must transition away from fossil fuels

The Guardian - US

Brics summit mulls expansion and new currency in bid to rival dollar and escape sanctions

Bloc of developing countries calls for new ‘multipolar’ world order and a shift from Western balance of power

The Independent UK

Foreign Minister Jaishankar calls on BRICS nations to demonstrate sincerity in reforming UNSC

The five-nation grouping BRICS (Brazil-Russia-India-China-South Africa) brings together five of the largest developing countries of the world.

The Hindu

Low-income countries to be left behind without action on jobs - ILO

A global employment divide between high-income and low-income countries is worsening as rising debt levels hit developing countries disproportionately, the International Labour Organisation (ILO) said on Wednesday.

Reuters

Climate change causes 2m deaths in 50 years; poor suffer most: UN

More than 90 percent of deaths caused by disasters worldwide happen in developing countries, UN report finds.

Al Jazeera

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France 24

Foreign students in Northern Cyprus: False promises and disillusion

In Turkish-controlled Northern Cyprus, education has become the leading economic sector. No less than 23 universities are concentrated in the small self-declared state recognised only by Turkey, which has occupied it since 1974. They attract students from developing countries by offering affordable courses with a "European" stamp of approval. But…

The Independent UK

UN official hopes for breakthrough on Russian food, fertilizer shipments

A top U.N. official says he hopes for a breakthrough soon after months of efforts to ensure that Russian food and fertilizer can be shipped to developing countries struggling with high prices

The Conversation

Ethiopia has one of Africa's most ambitious housing policies – but the lottery-based system is pulling communities apart

The shortage of adequate housing in cities is an issue around the globe, particularly among developing countries that are rapidly urbanising. The UN estimates that more than one billion people live in slums or informal settlements, 80% of them in Africa and Asia. Globally, three billion people will require adequate…

The Independent UK

Guest nations at the G-7 reflect outreach to developing countries, worries over China, Russia

During this week’s summit of the leaders of the Group of Seven wealthy democracies in Hiroshima, you’ll also see eight other guest nations engaging in a flurry of diplomacy with Japan and others

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Reuters

G7 plans new vaccine effort for developing nations, Yomiuri reports

The Group of Seven (G7) rich nations is set to agree on establishing a new programme to distribute vaccines to developing countries at next week's summit of leaders, Japan's Yomiuri newspaper said on Saturday.

The Times of India

Beware of Acute Kidney Diseases if you were infected with Malaria

Malaria is one of the most common infectious diseases across the globe and one of the most momentous tasks faced by public health systems in most developing countries. According to the latest World Malaria report, by the World Health Organization (WHO) there were 247 million cases of malaria in 2021…

The Conversation

Green spaces are good for people – but in South Africa many cannot access them

The benefits of experiencing nature for physical, psychological and spiritual well-being are widely documented. But much of the research on these benefits has been done in relatively affluent countries in the global North. There’s little research that has been done in developing countries on the benefits of being in nature.

Reuters

In meeting with big economies, Biden announces more funds to fight climate change

President Joe Biden announced plans to increase U.S. funding to help developing countries fight climate change and curb deforestation in Brazil's Amazon rainforest during a meeting on Thursday with leaders from the world's largest economies.

The Independent UK

David Cameron does U-turn on foreign aid vow

Former Tory PM – who savaged Rishi Sunak over slashing of aid budget – says he has become ‘realist’

France 24

'We need to stay engaged with developing countries': World Bank's van Trotsenburg

The World Bank and International Monetary Fund's Spring Meetings kicked off this week with concerns over high inflation, rising geopolitical tensions, climate change and financial instability. World Bank Senior Managing Director Axel van Trotsenburg told FRANCE 24 that "we need to stay engaged with developing countries. More than ever, problems…

The Independent UK

New India-born World Bank chief: Real change or rebranding?

The incoming president of the World Bank was born in India and had his early success in business there

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