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The Latest Breaking News from Developing Countries

Focus On Crucial COP 29 In Azerbaijan Gathers Pace ‌

Can COP29 Be a Climate Turning Point? Azerbaijan Holds the Key ‌

Zenger

Trade row won’t hurt US and China’s emissions talks, says US climate chief

John Podesta says negotiations ‘to find a path forward’ continue with urgent discussions planned for Cop29

The Guardian - UK

Developing countries face worst debt crisis in history, study shows

Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say

The Guardian - UK

From analysis to the latest developments in health,
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COP29 Hosts Urge Fossil Fuel Majors To Donate To Climate Fund

Azerbaijan said Friday it hopes to raise money from fossil fuel producers for green projects in developing countries as the petro-state prepares to host the world's most important climate summit.

International Business Times

Collapse of UK firm Small World means vital money transfers are not arriving

People in developing countries are particularly affected after the business stopped processing transactions

The Guardian - UK

Extreme heatwaves highlight climate injustice while western countries fail to act – here’s how governments can help

Average global air temperatures breached 1.5°C for the first time at the start of 2024 — at least five years earlier than predicted. So, while developing countries burn, global climate injustice persists.

The Conversation

Ewan, Jamie, and Lachlan Maclean Are Planning To Row 9,000 Miles From Peru To Australia

These 3 brothers from Scotland are crossing oceans to make a long-lasting change in the world by raising money to provide clean water in developing countries. The post Ewan, Jamie, and Lachlan Maclean Are Planning To Row 9,000 Miles From Peru To Australia first appeared on Bored Panda.

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Climate activists bemoan scant progress on finance as Cop29 looms

UN says finding funds to tackle climate crisis is ‘a steep mountain to climb’, as talks end with little agreement

The Guardian - UK

Foreign aid can help strengthen the economies of donor countries by boosting business

Support for foreign aid is dwindling in many developed countries, including Canada. Reflecting this trend, a recent survey found 59 per cent of Canadians want to reduce foreign aid to developing countries.

The Conversation

UN Chief Says Global Tensions Threaten International Trade

The international trading system is on the brink of fragmenting amid rising geopolitical tensions, UN Secretary-General Antonio Guterres warned Wednesday, as he cautioned the world against splitting into rival blocs.

International Business Times

The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit

The United Nations is reporting that global public debt rose to a record $97 trillion last year, with developing countries owing roughly one-third of that – crimping their ability to pay for basic government services like health care, education and climate action

The Independent UK

African countries could unlock billions in local and global trade – what’s working and what’s not

Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty.

The Conversation

Pharma Firm Urged To Share New 'Game-changer' HIV Drug

More than 300 politicians, health experts and celebrities on Thursday called for US pharmaceutical giant Gilead to allow cheap, generic versions of a promising new HIV drug to be produced so it can reach people in developing countries most affected by the deadly disease.

International Business Times

President Biden Doubles US Commitment To International Development Assistance

President Biden reaffirms US commitment to supporting international financial institutions and providing low-cost funding to developing countries, particul...

Top News

US Treasury Warns Of Financial Strains In Developing Countries

US Treasury raises alarm on financial strains in developing countries, urging global support for economic stability.

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The Hindu

Equity concerns in banning fossil fuel extraction

Major fossil fuel producers are planning to increase production while expecting developing countries to radically shift their economies, with limited support

International Business Times

Pioneering Change: Stephen Thomello Matsasa's Vision For Catalyzing The Gig Economy

Stephen Thomello Matsasa, a self-taught software developer and freelancer, recognizes the potential and challenges brought by the gig economy's surge. At the age of 24, he boasts of a decade-long experience in writing software.

The Guardian - AU

HyperVerse crypto scheme targeted developing countries before collapse left some investors ‘suicidal’

Promoters of the scheme, which collapsed owing millions, targeted countries such as Nepal, with claims some investors took out bank loans to buy packages

International Business Times UK

COP28 Agreement Faces Credibility Test Amidst Fossil Fuel Expansion Concerns

Pedro Pedroso, the outgoing president of the G77 plus China bloc of developing countries, expressed concerns in an interview, warning that the landmark deal achieved at last year's climate talks in Dubai could be at risk.

The Guardian - US

Cop28 deal will fail unless rich countries quit fossil fuels, says climate negotiator

G77 president Pedro Pedroso warns deal risks failing if polluters like UK, US and Canada don’t rethink plans to expand oil and gas

The Guardian - UK

Jon Tinker obituary

Other lives: Founder of the Panos Institute, an NGO dedicated to providing information about developing countries

Top News

Global Debt Surge Offers Hope for Developing Countries: Analysis

Discover how the global rush for debt is providing new opportunities for strained developing countries, offering hope for economic growth and recovery.

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