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The Latest Breaking News from Developing Countries

What the papers say – November 7

Britain has reportedly ‘opened the door to paying climate change reparations’ to developing countries.

The Independent UK

Climate summit desperate and delayed

Newsroom columnist Rod Oram reports from Egypt as the world gathers, again, to wrangle solutions to climate change

Newsroom.co.nz

Money will likely be the central tension in the U.N.'s COP27 climate negotiations

Global efforts to limit climate change can't happen without more aid. Rich countries promised $100 billion to poorer ones to cope with global warming but seven years later, have yet to deliver.

WEKU

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Countries hit hardest by climate change need much more money to prepare, U.N. says

Impacts from global warming hit the world's poorest countries hardest, although they're responsible for a relatively small share of climate emissions. They need more money to protect against risks.

WEKU

Loss and damage: Who is responsible when climate change harms the world's poorest countries, and what does compensation look like?

You may be hearing the phrase “loss and damage” in the coming weeks as government leaders meet in Egypt for the 2022 U.N. Climate Change Conference.

The Conversation

Fast Fashion Waste Is Choking Developing Countries With Mountains of Trash

Less than 1% of used clothing gets recycled into new garments, overwhelming countries like Ghana with discards.

Businessweek

Developing countries want compensation for climate damages

Loss and damage — sometimes referred to as "climate reparations" — is aimed at helping the hardest-hit countries.

Axios

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Ghana's illegal mining continues because the rules and reality are disconnected

Artisanal and small-scale mining – a low-tech, indigenous mining subsector – is taking on increasing economic importance in many developing countries. Over 150 million people worldwide are estimated to derive their livelihoods from this activity indirectly. In Ghana, it supports millions and contributes up to 43% of the nation’s total…

The Conversation

UK criticised for failing to pay $300m in promised climate funds ahead of Cop27

Missed deadline for money pledged to assist developing countries sends ‘strong negative signal’ ahead of Egypt summit, say experts

The Guardian - UK

How debt-for-climate swaps can help solve low-income countries' fiscal and environmental challenges at the same time

Barbados Prime Minister Mia Amor Mottley spoke passionately to the United Nations General Assembly in September about the mounting debt many developing countries are shouldering and its increasing impact on their ability to thrive.

The Conversation

Illegal fishing spurs billions in losses for developing countries, study says

Analysis finds global practice is a major driver of marine ecosystems’ destruction and is estimated to run up to $50bn

The Guardian - US

UN wants India to mobilise G20 to help debt-stressed countries

U.N. chief Antonio Guterres on Wednesday sought India's support in mobilising G20 nations to help out developing countries saddled with debt, with three of India's neighbours already seeking IMF loans as their economies struggle.

Reuters

UK joins calls for World Bank reform to focus funding on climate crisis

Alok Sharma’s intervention puts pressure on Trump-appointed Bank chief who faces calls to resign

The Guardian - UK

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

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The Independent UK

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 Guardian - 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

Reuters

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.

France 24

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…

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Asharq Al-Awsat

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…

Bangkok Post

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…

The Conversation

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.

Asharq Al-Awsat

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…

The Conversation

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 Hindu

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 Independent UK

Live updates: U.N. General Assembly

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

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