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 · Jun 8, 2022

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 · Jun 7, 2022

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 · Jun 4, 2022

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 · May 25, 2022

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 · May 25, 2022

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 · May 24, 2022

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 · May 18, 2022

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 · May 18, 2022

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 · May 14, 2022

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 · May 14, 2022