The Latest Breaking News from Developing Countries

A decade after China's global infrastructure program started, the U.S., G7 countries and private capital will invest in clean energy, technology and other projects in developing countries.

The United States aims to raise $200 billion in private and public funds over five years to fund needed infrastructure in developing countries under a G7 initiative aimed at countering China's multitrillion-dollar Belt and Road project, the White House said on Sunday. US President Joe Biden will unveil the plans,…

The head of the United Nations warned Friday that the world faces "catastrophe" because of the growing shortage of food around the globe. UN Secretary-General Antonio Guterres said the war in Ukraine has added to the disruptions caused by climate change, the coronavirus pandemic and inequality to produce an "unprecedented…

Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world" and making food more expensive across the globe, threatening to worsen shortages, hunger and political instability in developing countries. Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70%…

Government accused of ‘profiteering’ by charging countries for surplus vaccines through the aid budget

Parliamentary delegations from 60 countries concluded on Thursday activities of the eighth Inter-Parliamentary Union (IPU) Global Conference of Young Parliamentarians, which was held in Sharm el-Sheikh in Egypt’s South Sinai province. They underscored the importance of supporting developing countries to protect the environment and promote green investment. They also called…

Adviser says European nations are sourcing fossil fuels abroad but failing to help developing countries

The United Arab Emirates, Saudi Arabia and Egypt were ranked the first three, respectively, in the Arab world in attracting Foreign Direct Investment (FDI) for 2021, with investments topping $45 billion. FDI inflows to Arab countries, which rose by 42% in 2021, amounted to about $53 billion, 6.3% of which…

Egypt has called for boosting the response to the food security challenges in developing countries. The Foreign Ministry said Egypt submitted a draft resolution to the World Trade Organization (WTO) on enhancing the organization's response to food security challenges in developing, net food-importing countries, and least developed countries. The draft…