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The Latest Breaking News from Developing Countries

Developing countries need much longer beyond 2050 to reach Net-Zero: Joint statement by India, China and other nations

Prime Minister Narendra Modi had told the COP26 global climate summit in Glasgow last year that India will meet a target of net zero emissions by 2070

The Hindu

There’s Nothing Micro About a Billion Women: Mary Iskenderian on Microfinance - Roll Call

Mary Ellen Iskenderian, the CEO of Women’s World Banking, talks about microfinance helping women entrepreneurs in developing countries.

Roll Call

Egypt, IsDB Sign 13 Agreements, MoUs

Egypt signed 13 agreements and memoranda of understanding with the Islamic Development Bank (IsDB) on the third day of the 47th annual meetings of the IsDB in Sharm El-Sheikh. The agreements and MoUs were signed in most economic sectors to confront global challenges that are increasing pressure on developing countries.…

Asharq Al-Awsat

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Environment Minister seeks a relook at IP regime

Bhupender Yadav asks developed nations to commit expertise and money to curb industrial pollution

The Hindu

Building peace and prosperity with strong BRICS

The BRICS partnership is ‘walking together to walk far’ to build a community with a shared future for mankind

The Hindu

Be wary of growing exports

The growing consumption in rich countries has come at a cost for developing countries such as India

The Hindu

G20 pandemic fund ploughs ahead amid fears world not ready for future threats

A multi-billion dollar fund set up by G20 countries to help developing countries better prepare for pandemics could be operational within months, according to the World Bank.

Reuters

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Egypt Wants to Shift Focus to Developing Countries in Climate Talks, Says Official

Egypt will position itself as an impartial arbiter while hosting this year's COP27 UN climate summit, as it pushes other nations to act on climate pledges while promoting the interests of the developing world, a senior Egyptian official said. Egypt would also welcome protests within the rules of the Nov.…

Asharq Al-Awsat

Egypt wants to shift focus to developing countries in climate talks -official

Egypt will position itself as an impartial arbiter while hosting this year's COP27 U.N. climate summit, as it pushes other nations to act on climate pledges while promoting the interests of the developing world, a senior Egyptian official said.

Reuters

Egypt Promises to Push Pledges as COP27 Host

Egypt, host of the next United Nations summit on climate change, will push countries to make good on their pledges to sharply reduce greenhouse gas emissions, facilitate "non-adversarial" talks on compensation to developing countries for global warming impacts and allow climate activists to protest, said the incoming president of COP27.…

Asharq Al-Awsat

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

Asharq Al-Awsat

UN drops forecast for global economic growth in 2022 to 3.1%

The United Nations is significantly lowering its forecast for global economic growth this year from 4% to 3.1%

The Independent UK

The U.S. pledged billions to fight climate change. Then came the Ukraine war

The U.S. promised to slash its emissions and send tens of billions of dollars to low-lying and less well-off nations. The war in Ukraine is delaying that even as the toll from climate change rises.

WEKU

Developing countries' climate actions contingent on delivery of finance, technology transfer: Bhupender Yadav

At the BRICS meeting on climate change, the Union Environment Minister highlighted the relevance of the forum to jointly address climate change, to explore approaches to accelerate low-carbon and resilient transition, and to achieve sustainable recovery and development

The Hindu

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Reuters

Japan to offer up to $100 million in aid to help Indo-Pacific nations fight COVID

Japan plans to extend up to $100 million in aid to developing countries in the Indo-Pacific region to help them better battle the COVID-19 pandemic, Foreign Minister Yoshimasa Hayashi said on Friday.

The Conversation

How US policy on abortion affects women in Africa

Policies and decisions made in the United States echo around the world and often have widespread implications. Take sexual and reproductive health, for example. Decisions made in the US have caused, and could cause, severe damage to progress in access to these services in developing countries.

The Independent UK

Rising interest rates in US will hinder foreign economies

When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans

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