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The Latest Breaking News from Developing Countries

Averting debt disaster in the developing world

Many developing countries are teetering on the edge of a debt crisis, with the Covid-19 pandemic, soaring food and energy costs, and the monetary tightening of major economies all threatening to push them over. But the international community has yet to do what is necessary to pull at-risk countries back…

Bangkok Post

Belfast City Council recycling unwanted spectacles to help developing countries

You can leave your old pairs of glasses at recycling centres across the city

Belfast Live

Putin’s war fuelling ‘catastrophic’ crisis putting 50 million people ‘one step from famine’

Vladimir Putin’s invasion of Ukraine has “put more people at risk of death” in dozens of developing countries where nearly 50 million people are now just “one step away from famine,” a minister warned on Friday.

Evening Standard

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Is the Sri Lankan Debt Crisis a Harbinger?

Why U.S.-Chinese Tensions Put Developing Countries at Risk

Foreign Affairs

Letters to the Editor - A rejoinder

Rejoinder from the Ministry of Commerce and Industry, to the article “MC12 over, its ‘gains’ f

The Hindu

Cryptocurrencies are gaining ground across Africa. That's both good news and bad

Cryptocurrencies have become popular in African and other developing countries. That’s according to a policy brief released recently by UNCTAD, a United Nations agency. Significant proportions of Kenya (8.5%), South Africa (7.1%) and Nigeria’s (6.3%) populations are using these digital currencies. In June, the Central African Republic adopted bitcoin as…

The Conversation

7 ways to reduce the learning loss caused by the pandemic

School closures and the shift to online learning due to the COVID-19 pandemic have resulted in learning loss in developed and developing countries. Learning loss is generally defined as any specific or general loss of knowledge and skills or reversals in academic progress when students are not in school.

The Conversation

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How the US is hindering global climate financing

Washington has not delivered on its promise to the Green Climate Fund, a tool to avert catastrophic climate change.

Al Jazeera

Transition from fossil fuels to renewable energy can pose fiscal challenges for India: study

Major developing countries are highly dependent on revenues from fossil fuel, it says

The Hindu

Funding the fight against NCDs

Non-communicable diseases (NCDs), such as cardiovascular disease, cancer, lung disease, diabetes, obesity and mental disorders, are often chronic and develop over a long period. Collectively, NCDs account for about 70% of all deaths globally (and 60% of deaths in Sub-Saharan Africa, where they account for over 55% of hospital admissions…

Bangkok Post

How Africans can assess the value of the latest G7 summit

Leaders of the world’s seven advanced economies have once again pledged economic support for Africa and other developing countries. But the realisation of these commitments depends on political developments in the Group of Seven (G7) countries, specifically the United States, the outcome of Russia’s war with Ukraine, and whether Russian…

The Conversation

‘Perfect storm’ of crises is widening global inequality, says UN chief

Exclusive: António Guterres says growing north and south divide is ‘morally unacceptable’ and dangerous

The Guardian - UK

‘Talk with us, not for us’: fishing communities accuse UN of ignoring their voices

Developing countries’ delegates at UN conference seek recognition of small fisheries’ role in protecting oceans and fighting hunger

The Guardian - UK

Biden announced a $600 billion global infrastructure program to counter China's clout

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.

WEKU

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Asharq Al-Awsat

US Aims to Raise $200 Bln as Part of G7 Rival to China’s Belt & Road

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 Guardian - UK

G7 relaunches funding programme for developing countries under new name

Global Investment and Infrastructure Partnership, aimed at rivalling China, comes a year after Build Back Better World plan

Reuters

Italy's Draghi backs large investments in gas infrastructure in developing countries

Large investments in gas infrastructure in developing countries are needed, Italian Prime Minister Mario Draghi said as leaders of the Group of Seven rich democracies unveiled projects on energy and infrastructure financing on Sunday.

Reuters

G7 aims to raise $600 billion to counter China's Belt and Road

Group of Seven leaders pledged on Sunday to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China's older, multitrillion-dollar Belt and Road project.

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The Japan News/Yomiuri

Japan to pledge food assistance at G7 summit

Prime Minister Fumio Kishida plans to declare, at the Group of Seven summit to be held in Germany from Sunday to Tuesday, that Japan will provide food assistance to developing countries facing a food crisis due to the impact of Russia's armed aggression in Ukraine. Coordination is underway to extend…

Asharq Al-Awsat

UN Chief Warns of ‘Catastrophe’ from Global Food Shortage

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…

Asharq Al-Awsat

How Did Russia-Ukraine War Trigger a Food Crisis?

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%…

The Independent UK

Boris Johnson breaks promise to deliver 100 million Covid vaccines to poor countries

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

Asharq Al-Awsat

Int'l Conference in Egypt Recommends Support for Developing Countries to Protect Environment

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…

The Guardian - UK

UN climate talks end in stalemate and ‘hypocrisy’ allegation

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

Asharq Al-Awsat

Report: UAE, Saudi Arabia, Egypt Are Region's FDI Hubs

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…

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