G20 finance chiefs fail to reach consensus on debt relief for poorer nations
Following "very intense discussions” this week, the debt issue will remain a "priority" for leaders set to gather at a September summit, Indian Finance Minister Nirmala Sitharaman said.
Sustainable development goals are a mission impossible
The road to a hotter, sicker and poorer planet is paved with good intentions, mushy language and too many missed goals.
The world is losing the battle to wipe out hunger by end of decade
The lingering fallout from the pandemic and Russia’s war in Ukraine means about 735 million people — or 9.2% of the population — were undernourished in 2022.
India increases Africa lending in race to counter China
While China’s loans to Africa have dipped since 2016, overall in the 10 years to 2020, it pledged $134.6 billion to African nations.
G7 tells 'Global South' that a just peace requires Russia leaving Ukraine
The gathering took place against the backdrop of an attempted mutiny in Russia but focused on the war in Ukraine and its future.
The West must offer the 'Global South' a new deal
Countries in Africa, Asia and South America should support Ukraine against Putin. But the West could help by being less hypocritical.
Paris finance summit breaks new ground in climate and poverty fight
France hammered home a key underlying principle for the reforms under discussion — that "no country should have to choose between fighting poverty and fighting for the planet."
Pakistan's economic meltdown spurs more people to risk lives to reach Europe
Cash-strapped Pakistan's $350 billion economy is in peril, with inflation at a record 38% and the country facing the prospects of a default.
Making development bank lending safe for poor countries
The Macron Summit on global financing will seek to enhance fragile economies’ access to the funds needed to cope with development challenges.
Unlocking climate trillions with a global plan from a sinking island
A summit in Paris this week will bring together the heads of government from more than 100 countries to grapple with financial scarcity as the single-biggest impediment to climate action.
COP28 progress threatened by climate finance blame game at U.N. talks
Wealthy nations' unwillingness to discuss funding for vulnerable nations soured the atmosphere on most issues under negotiation — and is set to spill over into COP28.
Japan vows to grant 'offer-based' development aid with China in mind
The government promised in the modified policy proposal to support developing nations based on "inclusiveness, transparency and equity."
