Saber seeks accessible, transparent climate finance for developing nations

Environment, Forest and Climate Change Minister Saber Hossain Chowdhury has called for the implementation of the mechanisms that guarantee easy accessibility to the climate finance for developing nations. He stressed the need for increased transparency in the allocation and distribution of these funds to ensure they effectively support the intended climate

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

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