The Latest Breaking News from Developing Countries

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 · Oct 26, 2022

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 · Oct 19, 2022

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 · Oct 14, 2022

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 · Oct 11, 2022

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 · Oct 10, 2022

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 · Oct 7, 2022

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 · Oct 4, 2022

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 · Oct 4, 2022

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 · Sep 29, 2022

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 · Sep 25, 2022