With the US Fed raising interest rates, the world economy is slowing as debt distress spreads across the global South, increasing poverty worldwide to pre-pandemic levels, with the poorest countries faring worst. Extreme poverty continues to be high and is now worse than before the pandemic in low-income countries (LICs) and
Tag: Rich nations
World’s richest nations must set more ambitious climate goals
Individually and collectively, member countries of the G20 are falling far behind in their greenhouse gas reduction goals and are failing to make the significant cuts on emissions that would be needed to keep global temperatures low, despite possessing the technological and financial capabilities for reducing emissions. And with the hottest
Finally, a real chance for international tax cooperation
After decades of resistance by rich nations, African governments successfully pushed for the United Nations to lead on international tax cooperation. All developing countries and fair-minded governments must rally behind this initiative. UN leadership The official UN Secretary-General’s Report (SGR) was mandated by a UN General Assembly resolution, unusually adopted by consensus
World Bank climate finance plan little help, unfair
Rich nations have contributed most to the current climate crisis. They are primarily responsible for the historical emissions and greenhouse gas (GHG) accumulation of the last two centuries. Developing countries, especially in the tropics and sub-tropics, are the main victims of global warming today. Most need finance and other means to
Forget about all these humanitarian blah blah … and buy more weapons
Day after day, international humanitarian organisations launch desperate appeals for funding to continue saving some of the many lives at high risk. When they get a handful of dollars –even just one million– from a rich country, they welcome it as manna from heaven. Not only the available funding for humanitarian
Rich nations doubly responsible for greenhouse gas emissions
Natural flows do not respect national boundaries. The atmosphere and oceans cross international borders with little difficulty, as greenhouse gases (GHGs) and other fluids, including pollutants, easily traverse frontiers. Yet, in multilateral fora, strategies to address climate change and its effects remain largely national. GHG emissions – typically measured as carbon
COP27: Rich nations yet to agree on climate funding
Countries attending this year's Climate Change Conference of the Parties (COP27) are yet to decide on some important issues, including financing for vulnerable countries under the "Loss and Damage" programme.Talking to UNB, Ziaul Haque, a representative of Bangladesh at the conference, said that the developed countries have set 2024 for
Rich nations ‘miserably’ fall below their climate promises
Just a few days ahead of the UN Climate Conference (COP27) in Egypt (6-18 November), new revelations show how far rich, industrialised countries –those who contribute most to the growing catastrophes- have been lying over their real contributions to climate finance. The True Value of Climate Finance Is a Third of
Rich nations holding vaccines beyond need: FM
Foreign Minister Dr AK Abdul Momen on Tuesday said Covid-19 vaccine has apparently become another "tool of exploitation" now, noting that some rich countries are holding back vaccine doses beyond their internal demands. "They (rich countries) assure us just saying, 'you don't worry', but nobody gives us vaccines. In some cases,