"We're here in Sevilla to change course," the UN chief told world leaders on Monday, calling on them to grasp a once-in-a-decade opportunity to close a USD 4 trillion financing gap facing developing countries to meet sustainable development goals - and build a better world for all.
Jakarta [Indonesia], June 18: Indonesian fintech pioneer Amartha, a digital financial technology provider which serves Indonesia's rural grassroots entrepreneurs, has secured USD $55 million in funding from three European development finance institutions: Swedfund (Sweden), Finnfund (Finland
Ngozi Okonjo-Iweala, Director General of the World Trade Organisation, said that India must participate as a leader in the 14th WTO Ministerial Conference (MC14), which will take place in Yaounde, Cameroon, from March 26 to 29, 2026.
China is putting growing financial pressure on developing countries, as debt repayments hit record levels. In 2025, these countries are expected to pay USD 35 billion to China, USD 22 billion of that from the world's 75 poorest and most vulnerable nations. Most of these payments are for loan
Sunil Bharti Mittal, Chairman of Bharti Enterprises, has joined the World Bank Group's Private Sector Investment Lab (PSIL) as it enters a new phase focused on scaling up solutions to attract private investment and create jobs in developing countries.
In a new report released on April 14, UN Trade and Development (UNCTAD) is amping up calls that the poorest and most vulnerable economies be exempt from "reciprocal tariffs".
The AI Summit in French capital Paris underscored the need to reinforce a diverse AI ecosystem, emphasising a human-centric, rights-based, and ethical approach to artificial intelligence. With a focus on safety, and security, the summit called for urgent action to address inequalities and
The UAE has dispatched 25 ambulances, advanced equipment and medical supplies to Angola in continuation of the country's consistent efforts to help augment the capacities of developing countries in healthcare in compliance with the directives of the President Sheikh Mohamed bin Zayed Al Nahy
Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, has raised concerns about India's high fiscal deficit, stating that it is much more than other developing countries and hampering private investments.
COP29 concluded with a contentious agreement for wealthy nations to provide USD 300 billion annually by 2035 to help developing countries address the climate crisis. While hailed as progress, the deal was criticised by many vulnerable nations as inadequate.
During the meeting, the IBSA ministers reiterated their commitment to work for the expansion of United Nations Security Council (UNSC) membership to include representation from developing countries of Africa, Asia and Latin America, in both the permanent and non-permanent membership categori