The world is facing multiple crises that must be tackled quickly, with innovative approaches and brave decisions. The global financial architecture is an area that needs reform and thinking outside the box. The system created 80 years ago is not able to deal with today’s problems that range from climate
Tag: developing nations
Following Asian countries’ leads, climate action opportunity for developing nations
In the deserts of Gujarat, something remarkable is happening. On my recent visit I saw hundreds of trucks moving under the warm Indian sun. Thousands of hardworking young people from all corners of Bharat, as Indians now often call their nation, are turning around the previously empty and harsh landscape. This
Developing nations face impossible trade-off on debt: UN
Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the UN trade facilitation agency has said.Rebeca Grynspan, the head of UNCTAD, said between 70 and 85 percent of the debt that emerging and low-income countries are responsible for is in a foreign currency.This has left
COP27: Bangladesh to push for $100b pledged for developing nations
Bangladesh will reiterate its call for early implementation of the pledge to provide US$ 100 billion funds per year to the developing countries as global leaders are preparing for the COP27 next month to take action for achieving collective climate goals set under the Paris Agreement and the Convention, officials
You have the numbers, we have the money
When the 134-member Group of 77, the largest single coalition of developing countries, was trying to strike a hard bargain in its negotiations with Western nations years ago, one of its envoys famously declared: “You have the numbers. We have the money.” But that implicit threat– signifying the power of the