#developing-countries

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Empowering Economies: The Role of Cross-Border Payments | HackerNoon

Fintech innovations are changing lives but millions still lack basic banking access globally.
Technology should catalyze change in addressing financial exclusion, especially for LMICs.
India's fintech success illustrates the potential of combining tech with supportive regulations.
#global-south

China's cheap goods are threatening to undermine its influence in the developing world

China's surge in cheap exports is provoking backlash from developing nations, threatening its influential role in the Global South.

Global South pays more to service its debt than it receives in development aid

Rising interest rates are significantly impacting emerging and developing countries, leading to a decrease in financial flows and hindering growth.

China's cheap goods are threatening to undermine its influence in the developing world

China's surge in cheap exports is provoking backlash from developing nations, threatening its influential role in the Global South.

Global South pays more to service its debt than it receives in development aid

Rising interest rates are significantly impacting emerging and developing countries, leading to a decrease in financial flows and hindering growth.
moreglobal-south
#cop29

From new goals to climate reparations, 5 things to watch at COP29

COP29 is crucial for climate discussions, focusing on establishing a new goal for international climate aid to support developing nations.

COP29: World agrees to $300bn deal for developing countries DW 11/23/2024

Developed countries agreed to $300 billion a year for climate change support to poorer nations by 2035, but dissatisfaction remains over the funding amount.

Cop29: talks go into overtime as countries wrangle over finance deal live coverage

Negotiations at COP29 are tense with significant disagreements over climate finance pledges, particularly between rich and developing nations.

Cop29: $250bn climate finance offer from rich world an insult, critics say

Developing countries find the $250bn climate finance offer from rich nations grossly insufficient, demanding at least $1.3tn a year instead.

Countries must set aside differences and agree climate finance deal, says German minister

Urgent climate finance deals are critical now to avoid tougher negotiations under potential future US leadership.
Global solidarity is crumbling amidst geopolitical tensions and climate crisis demands.

Monday Briefing

Wealthy nations pledged $300 billion annually to help developing countries with climate adaptation, but experts argue $1.3 trillion is necessary.

From new goals to climate reparations, 5 things to watch at COP29

COP29 is crucial for climate discussions, focusing on establishing a new goal for international climate aid to support developing nations.

COP29: World agrees to $300bn deal for developing countries DW 11/23/2024

Developed countries agreed to $300 billion a year for climate change support to poorer nations by 2035, but dissatisfaction remains over the funding amount.

Cop29: talks go into overtime as countries wrangle over finance deal live coverage

Negotiations at COP29 are tense with significant disagreements over climate finance pledges, particularly between rich and developing nations.

Cop29: $250bn climate finance offer from rich world an insult, critics say

Developing countries find the $250bn climate finance offer from rich nations grossly insufficient, demanding at least $1.3tn a year instead.

Countries must set aside differences and agree climate finance deal, says German minister

Urgent climate finance deals are critical now to avoid tougher negotiations under potential future US leadership.
Global solidarity is crumbling amidst geopolitical tensions and climate crisis demands.

Monday Briefing

Wealthy nations pledged $300 billion annually to help developing countries with climate adaptation, but experts argue $1.3 trillion is necessary.
morecop29
#un-climate-summit

COP29 Climate Talks Get a Deal on Money, but Only After a Fight

Rich nations agreed to triple climate funding for developing countries, but experts cite even higher needs to combat climate change effectively.

Cop29 agrees $1.3tn climate finance deal but campaigners brand it a betrayal'

Developing countries secured $1.3 trillion for climate aid, but only $300 billion will come as grants and low-interest loans from wealthy nations.

COP29 Climate Talks Focus on Financing

Negotiations at the UN climate summit are strained over funding for developing countries' climate resilience, with specific financial commitments and responsibilities in dispute.

Are All These U.N. Climate Talks Doing Any Good?

The UN climate summit ended with disappointing financial commitments, falling far short of the $1.3 trillion needed for developing nations to combat climate change.

COP29 Climate Talks Get a Deal on Money, but Only After a Fight

Rich nations agreed to triple climate funding for developing countries, but experts cite even higher needs to combat climate change effectively.

Cop29 agrees $1.3tn climate finance deal but campaigners brand it a betrayal'

Developing countries secured $1.3 trillion for climate aid, but only $300 billion will come as grants and low-interest loans from wealthy nations.

COP29 Climate Talks Focus on Financing

Negotiations at the UN climate summit are strained over funding for developing countries' climate resilience, with specific financial commitments and responsibilities in dispute.

Are All These U.N. Climate Talks Doing Any Good?

The UN climate summit ended with disappointing financial commitments, falling far short of the $1.3 trillion needed for developing nations to combat climate change.
moreun-climate-summit
#climate-finance

Cop29 climate finance deal hits fresh setback as deadline looms

UN climate talks face deadlock as draft deal criticized for lacking commitments and detail, jeopardizing support for developing countries.
Ambiguity in climate finance negotiations risks exacerbating challenges for vulnerable nations.

COP29: Suggested funding goal falls short DW 11/22/2024

Developing nations are dissatisfied with proposed climate funding, calling for at least $1 trillion rather than the suggested $250 billion by 2035.

Cop29 could change the financial climate for the world's wealthy polluters

The UN's Cop29 aims to redefine climate finance goals, urging wealthier nations to contribute significantly due to insufficient current funding.

Anger at 'insulting' 300bn Cop29 deal as rich nations underpay on climate debt

The agreement reached in Baku represents a critical yet insufficient step towards climate finance equity between developed and developing nations.

Poorer nations need $1tn a year by 2030 in climate finance, top economists find

Poor countries require $1 trillion annually in climate finance by 2030 to effectively address climate change challenges.

World Could Raise $2.1 Trillion Annually by Adopting Spain's Wealth Tax

A global wealth tax could significantly boost climate finance for developing countries, modeled after Spain's successful wealth tax.

Cop29 climate finance deal hits fresh setback as deadline looms

UN climate talks face deadlock as draft deal criticized for lacking commitments and detail, jeopardizing support for developing countries.
Ambiguity in climate finance negotiations risks exacerbating challenges for vulnerable nations.

COP29: Suggested funding goal falls short DW 11/22/2024

Developing nations are dissatisfied with proposed climate funding, calling for at least $1 trillion rather than the suggested $250 billion by 2035.

Cop29 could change the financial climate for the world's wealthy polluters

The UN's Cop29 aims to redefine climate finance goals, urging wealthier nations to contribute significantly due to insufficient current funding.

Anger at 'insulting' 300bn Cop29 deal as rich nations underpay on climate debt

The agreement reached in Baku represents a critical yet insufficient step towards climate finance equity between developed and developing nations.

Poorer nations need $1tn a year by 2030 in climate finance, top economists find

Poor countries require $1 trillion annually in climate finance by 2030 to effectively address climate change challenges.

World Could Raise $2.1 Trillion Annually by Adopting Spain's Wealth Tax

A global wealth tax could significantly boost climate finance for developing countries, modeled after Spain's successful wealth tax.
moreclimate-finance
#climate-change

COP29: Climate funding in the spotlight DW 11/11/2024

The UN climate conference emphasizes financial support for developing countries affected by climate change, with significant debates on funding between wealthier and poorer nations.

COP29 in Disarray as a Draft Deal for Climate Cash Is Rejected by Developing Nations

The UN climate talks highlighted significant dissatisfaction from developing nations regarding financial support proposals.

COP29: Who pays climate funding for developing countries? DW 11/11/2024

Financial aid for developing countries is a central theme at the UN climate conference amid ongoing fossil fuel reliance by host Azerbaijan.

COP29 negotiators seek climate finance deal as deadline looms

Vulnerable nations need $1.3 trillion to combat climate change, but rich nations have not agreed on how much they will contribute.

COP29: Climate funding in the spotlight DW 11/11/2024

The UN climate conference emphasizes financial support for developing countries affected by climate change, with significant debates on funding between wealthier and poorer nations.

COP29 in Disarray as a Draft Deal for Climate Cash Is Rejected by Developing Nations

The UN climate talks highlighted significant dissatisfaction from developing nations regarding financial support proposals.

COP29: Who pays climate funding for developing countries? DW 11/11/2024

Financial aid for developing countries is a central theme at the UN climate conference amid ongoing fossil fuel reliance by host Azerbaijan.

COP29 negotiators seek climate finance deal as deadline looms

Vulnerable nations need $1.3 trillion to combat climate change, but rich nations have not agreed on how much they will contribute.
moreclimate-change
#ai

AI set to impact 60% of jobs in developed economies: IMF DW 01/15/2024

AI could impact 60% of jobs in developed economies, with around half being negatively affected and half seeing a positive impact.
Developing countries are expected to have a smaller initial impact from AI, but may also not benefit as much from the increased productivity.

Will AI be a game changer in developing countries?

AI can drive incremental innovation to address significant problems.
Developing countries struggle with accountability and corruption in public sectors.

Artificial intelligence is put to the test with the health of populations in the Global South

A mobile app that uses AI can effectively and early detect neglected skin diseases in developing countries.
The app allows for quick diagnosis and replaces the need for a dermatologist to analyze images.

AI set to impact 60% of jobs in developed economies: IMF DW 01/15/2024

AI could impact 60% of jobs in developed economies, with around half being negatively affected and half seeing a positive impact.
Developing countries are expected to have a smaller initial impact from AI, but may also not benefit as much from the increased productivity.

Will AI be a game changer in developing countries?

AI can drive incremental innovation to address significant problems.
Developing countries struggle with accountability and corruption in public sectors.

Artificial intelligence is put to the test with the health of populations in the Global South

A mobile app that uses AI can effectively and early detect neglected skin diseases in developing countries.
The app allows for quick diagnosis and replaces the need for a dermatologist to analyze images.
moreai

COP29 Climate Talks in Baku, Azerbaijan, Head Into Final Stretch

Countries are divided on key financing issues as UN climate talks approach a critical deadline. Concerns mount over the potential failure of the negotiations.
#global-health

Global diabetes rate has doubled in last 30 years: study DW 11/14/2024

The global prevalence of diabetes has doubled in 30 years, with 800 million adults affected, primarily in developing countries.

Childhood deaths reach historic' low but progress is unequal, UN report finds

Record low under-five mortality in 2022 - 4.9 million deaths, Progress in reducing child mortality since 2000 and 1990, Precarious progress in ending preventable child deaths

Global diabetes rate has doubled in last 30 years: study DW 11/14/2024

The global prevalence of diabetes has doubled in 30 years, with 800 million adults affected, primarily in developing countries.

Childhood deaths reach historic' low but progress is unequal, UN report finds

Record low under-five mortality in 2022 - 4.9 million deaths, Progress in reducing child mortality since 2000 and 1990, Precarious progress in ending preventable child deaths
moreglobal-health
#remote-work

How effective is training people in developing countries to freelance online?

Online training can facilitate access to gig platforms but may not guarantee long-term economic benefits.
The rise of remote work presents opportunities for developing country workers to engage in freelancing opportunities.

What Remote Work Can Do for Global Development | by Charles Ferguson

Developing countries must create their own entrepreneurial ecosystems instead of relying solely on outsourced work opportunities.

How effective is training people in developing countries to freelance online?

Online training can facilitate access to gig platforms but may not guarantee long-term economic benefits.
The rise of remote work presents opportunities for developing country workers to engage in freelancing opportunities.

What Remote Work Can Do for Global Development | by Charles Ferguson

Developing countries must create their own entrepreneurial ecosystems instead of relying solely on outsourced work opportunities.
moreremote-work

AI needs global governance', cannot be left to market, UN panel says

Global governance of AI is crucial and cannot be left solely to market forces.
The establishment of funds and frameworks is necessary to support developing countries in AI.

Mind the Gap: Bridging the AI divide will ensure an equitable future for all

AI revolution could widen global economic disparities without international cooperation.

It's happening on the scale of a pandemic': the drug-resistant infections killing African babies

Antibiotic resistance is a growing global health crisis causing a significant number of deaths, especially in developing countries like Ethiopia.

Developing countries face worst debt crisis in history, study shows

Developing countries are facing a severe debt crisis, with a significant portion of their budgets allocated to debt servicing.

Hackers are carrying out ransomware experiments in developing countries

Hackers target developing countries for ransomware testing before attacking richer nations.

How Bitcoin could impact financial inclusivity among minority groups

Bitcoin offers financial inclusivity beyond just currency and investment, especially benefiting marginalized groups and developing countries.

Glasses Improve Income, Not Just Eyesight

Presbyopia affects billions worldwide, hindering learning and productivity.
Providing free reading glasses can significantly increase income for individuals in developing countries.

The UN adopts a resolution backing efforts to ensure artificial intelligence is safe

The United Nations' first AI resolution ensures global cooperation for safe and beneficial AI technology.
The resolution emphasizes closing the digital divide and ensuring developing countries can leverage AI benefits.

Love is our first medicine': treating mental health in Cameroon's unique refuge

Many mentally ill individuals in developing countries are left to roam the streets alone, with no family to support them and risking diseases like cholera.
Non-communicable diseases are on the rise globally, affecting both wealthy and poor populations, and are greatly underfunded in low-income countries.
#cop28-agreement

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

The credibility of the Cop28 agreement to transition away from fossil fuels depends on major historical polluters rethinking oil and gas production plans.
Major developed countries are expanding their fossil fuel production instead of moving away from it.

Indigenous people and climate justice groups say Cop28 was business as usual'

Developed countries hailed the Cop28 agreement as historic, but Indigenous people and climate justice groups criticized it as unfair and business as usual.
Many developed countries pushed for a phase-out of fossil fuels, but developing countries emphasized the need for a fair and funded transition.

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

The credibility of the Cop28 agreement to transition away from fossil fuels depends on major historical polluters rethinking oil and gas production plans.
Major developed countries are expanding their fossil fuel production instead of moving away from it.

Indigenous people and climate justice groups say Cop28 was business as usual'

Developed countries hailed the Cop28 agreement as historic, but Indigenous people and climate justice groups criticized it as unfair and business as usual.
Many developed countries pushed for a phase-out of fossil fuels, but developing countries emphasized the need for a fair and funded transition.
morecop28-agreement

Global economy forecast for weakest growth since pandemic, warns World Bank

The global economy is projected to grow at its slowest pace since the pandemic, with only 2.4% growth in 2024.
Higher interest rates and conflicts in Ukraine and the Middle East are major factors stifling global trade and investment.
Developing countries, especially the poorest, are at risk of being stuck in a trap of weak growth and high debt.

Carbon Markets Are in Limbo. That's Not Stopping This Firm.

Blue Carbon, an Emirati company, is accumulating proposals for deals on huge swaths of land in developing countries in order to sell carbon credits.
The carbon credit market is seen as both potentially important and controversial, with concerns about abuse and the need to structure the market properly.

Promising new gene therapies for sickle cell are out of reach in countries where they're needed most

Access to gene therapies for sickle cell disease is limited in developing countries like India and Africa.
High prices and complex requirements make gene therapies inaccessible to most patients in these regions.

Why implementation' matters in the global fight against the climate crisis

The resistance to a fossil fuel phase-out in developing countries is primarily due to the challenge of implementing the transition while addressing poverty and providing basic services for their people.
Developing countries argue that the phase-out must prioritize equity and require developed countries to fulfill their obligations under the Paris agreement, including providing financial assistance.

COP28 sets eyes on AI to fight climate change

The United Nations Climate Change Technology Executive Committee and its collaborators have launched a challenge to harness AI-powered solutions for climate action in developing countries.
Harnessing AI to mitigate climate change involves integrating it into national policies and plans, as well as ensuring equal access to technology to prevent a widening digital divide.
#greenhouse gas emissions

What are India's climate goals at COP28? DW 12/06/2023

India is using the COP28 climate conference to represent the interests of developing countries
India calls for developed countries to bear more of the load in helping poorer nations meet climate goals

Billions in U.S. Funding Hasn't Convinced Developing World to Ditch Coal

Wealthy nations are providing financial support to poorer nations for clean energy initiatives.
Efforts in South Africa and Indonesia to transition away from fossil fuels are at risk.

What are India's climate goals at COP28? DW 12/06/2023

India is using the COP28 climate conference to represent the interests of developing countries
India calls for developed countries to bear more of the load in helping poorer nations meet climate goals

Billions in U.S. Funding Hasn't Convinced Developing World to Ditch Coal

Wealthy nations are providing financial support to poorer nations for clean energy initiatives.
Efforts in South Africa and Indonesia to transition away from fossil fuels are at risk.
moregreenhouse gas emissions
#loss and damage fund

Countries promise millions for damages from climate change. So how would that work?

Countries have reached a historic agreement for a new fund to help developing countries dealing with climate impacts, with over $400 million in pledges.
The initial funding is a small fraction of the overall need, as developing countries require $215 to $387 billion per year to adapt to climate change.

Something Big Just Happened at COP

The United Nations climate summit in Dubai has announced the creation of a "loss and damage" fund to source money from developed countries to pay for climate damages in developing ones.
The fund aims to provide financial support for developing countries that suffer the most from climate change, despite having little responsibility for causing it.
The decision on the fund was adopted on the first day of COP28, marking the first time a decision has been made so quickly at any COP.

Countries promise millions for damages from climate change. So how would that work?

Countries have reached a historic agreement for a new fund to help developing countries dealing with climate impacts, with over $400 million in pledges.
The initial funding is a small fraction of the overall need, as developing countries require $215 to $387 billion per year to adapt to climate change.

Something Big Just Happened at COP

The United Nations climate summit in Dubai has announced the creation of a "loss and damage" fund to source money from developed countries to pay for climate damages in developing ones.
The fund aims to provide financial support for developing countries that suffer the most from climate change, despite having little responsibility for causing it.
The decision on the fund was adopted on the first day of COP28, marking the first time a decision has been made so quickly at any COP.
moreloss and damage fund
#climate change

UN says developing countries need 'radical' surge in investments

Insufficient investment in developing countries is hindering efforts to reduce global warming.
The UN's high level expert group on climate finance calls for COP28 to push for radical change and increased investment in clean energy and climate resilience.
The failure to provide sufficient funding would have devastating consequences for the poorest people and hinder progress on limiting global warming.

Climate funding is in short supply. So some want to rework the financial system

Money is one of the biggest obstacles to dealing with climate change, especially in poor countries
Developing countries are at risk of suffering losses and damages as temperatures rise due to insufficient funding
Talks are underway to replace the inadequate promise of $100 billion a year in climate financing

Nations Launch Climate Loss and Damage Fund on First Day of COP28

Nearly all nations have finalized the creation of a fund to compensate countries affected by climate change.
The fund aims to address inadequate funding for responding to climate disasters.
The fund will be hosted by the World Bank and launched by 2024.

Saudi Arabia Apparently Scheming to Get Poor Countries Addicted to Oil

Saudi Arabia is planning to get developing countries hooked on its fossil fuel exports through an 'oil demand sustainability program'
The country aims to increase the use of fossil fuel vehicles and prop up carbon-emitting industry and infrastructure in poorer countries

UN says developing countries need 'radical' surge in investments

Insufficient investment in developing countries is hindering efforts to reduce global warming.
The UN's high level expert group on climate finance calls for COP28 to push for radical change and increased investment in clean energy and climate resilience.
The failure to provide sufficient funding would have devastating consequences for the poorest people and hinder progress on limiting global warming.

Climate funding is in short supply. So some want to rework the financial system

Money is one of the biggest obstacles to dealing with climate change, especially in poor countries
Developing countries are at risk of suffering losses and damages as temperatures rise due to insufficient funding
Talks are underway to replace the inadequate promise of $100 billion a year in climate financing

Nations Launch Climate Loss and Damage Fund on First Day of COP28

Nearly all nations have finalized the creation of a fund to compensate countries affected by climate change.
The fund aims to address inadequate funding for responding to climate disasters.
The fund will be hosted by the World Bank and launched by 2024.

Saudi Arabia Apparently Scheming to Get Poor Countries Addicted to Oil

Saudi Arabia is planning to get developing countries hooked on its fossil fuel exports through an 'oil demand sustainability program'
The country aims to increase the use of fossil fuel vehicles and prop up carbon-emitting industry and infrastructure in poorer countries
moreclimate change

Wealthy Nations Finally Meet $100B Climate Aid Promise, But Much More Is Needed

Wealthy nations surpassed the $100 billion climate aid goal for developing countries in 2022, two years late, helping to address historical climate change contributions and effects on poorer nations.

Port Colborne is Ontario's only fair trade town, among only a handful in Canada. Here's why it still matters | CBC News

Fair trade movement supports fair pay for workers in developing countries and gives consumers choices.
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