developing-countries
UN Trade Agency Says It Faces 'painful' Cuts as Countries Navigate Tariffs
Investment Flows in 2023 Into Developing Countries at Lowest Since 2005, World Bank Says
Headlines'Major Powers Should Not Bully the Weak', China Foreign Minister Says
Poor, Indebted Countries Need Collective Relief, African Leaders Say
New COP29 Proposal Shows Wide Gap Persists on Climate Funding Deal
Date: November 21, 2024
By William James, Simon Jessop and Gloria Dickie BAKU (Reuters) -The United Nations climate body published on Thursday fresh options for the COP29 summit’s primary goal of agreeing how much money richer countries should provide poorer ones to help them tackle climate change. Getting a deal on the money has proved slow-going at the talks...
Factbox-COP29 Climate Talks Enter Final Stretch: What Happens Next?
Date: November 20, 2024
BAKU (Reuters) – Marathon COP29 climate talks enter their final stretch on Wednesday when the Azerbaijani hosts are due to publish an update on negotiations so far as the summit seeks to agree a new goal on issues including climate finance. The talks, which began on Nov. 11, are due to end on Friday at...
Development Bank Financing Pledge Gives COP29 Summit Early Boost
Date: November 13, 2024
By Valerie Volcovici and Virginia Furness BAKU (Reuters) – COP29 negotiators welcomed a pledge by major development banks to lift funding to poor and middle-income countries struggling with global warming as an early boost to the two-week summit. A group of lenders, including the World Bank, announced on Tuesday a joint goal of increasing this...
China Wants Talks on Trade Measures at COP29 Climate Summit, Document Shows
Date: November 6, 2024
By Kate Abnett BRUSSELS (Reuters) – China has requested that countries hold talks at next week’s COP29 U.N. climate summit on carbon border taxes and other “restrictive trade measures” that Beijing says are hurting developing countries, according to a document seen by Reuters. The request raises the prospect that mounting trade tensions between major economies...
G20 Welcomes Recommendations to Unlock Funding for Climate Transition Projects
Date: October 25, 2024
By Marcela Ayres WASHINGTON (Reuters) -A group of funds backed by the world’s 20 largest economies aimed at financing climate transition projects needs to be more targeted and operate with greater efficiency to improve the slow pace of disbursements, according to a report on Thursday from the G20’s sustainable finance working group. The G20...
Black Banx’s Initiatives in Developing Countries
Date: September 16, 2024
Banks in developing countries play a crucial role in fostering economic growth and financial inclusion through various key initiatives. One of the most important areas of focus is expanding access to banking services. This can be achieved through financial inclusion programs that offer low-cost banking solutions such as digital wallets, mobile banking, and micro-banking services....