FORGOTTEN HISTORY: Developing countries - Caught on Camera

As COP31 nears, India's heatwave disaster tag puts spotlight on global adaptation finance gap

India's recognition of heatwaves as natural disasters underscores the urgent need for international climate finance. Experts note that domestic funding is inadequate for heat adaptation strategies. They emphasize the necessity of consistent and predictable international resources for effective implementation. Upcoming discussions at COP31 will focus on adaptation finance for developing…

The Economic Times · 9h ago

In first-ever climate crisis amends, Nepal to get $21.6 million

The decision taken this week by the UN body, the Fund for Responding to Loss and Damage (FRLD), in its emergency meeting assumes significance as it is not only a kind of admission that climate change causes such extreme events, but also an endorsement of the principle that historical polluters…

The Times of India · 14h ago

Immigration to UK from third-world countries, including Pakistan, will end entirely, British MP Rupert Lowe warns

British MP Rupert Lowe has announced plans to end immigration from several developing countries, including Pakistan, Bangladesh, Afghanistan, Somalia and Iran, under his Restore Britain party's proposed policies. Speaking at the party's October 3 conference, Lowe said, “Immigration into Britain from the Third World will end entirely.”

The Economic Times · Oct 24

IMF and World Bank meetings leave developing countries with more questions than answers

The recent discussions at the International Monetary Fund and World Bank left developing nations feeling uncertain about their futures. Delegates raised alarm over growing debt, inflation, and the burgeoning influence of artificial intelligence, but found themselves without significant solutions. These urgent concerns, alongside geopolitical issues and diminishing aid, paint a…

The Economic Times · Oct 18

World Bank says ‘small AI’ could transform developing countries

Bank’s chief knowledge officer says the tech could speed up economic development from centuries to decades

The Guardian - UK · Oct 18

I believe in AI. But my AI assistant gave me more work than it could finish

Developing countries need coordinated financing to invest and grow—not just enough support to keep paying creditors.

Fortune · Oct 17

US pushes World Bank to scrap oil, gas funding curbs in major energy policy overhaul

US Treasury Secretary Scott Bessent has called for the World Bank to end its restrictions on upstream oil and gas projects. He emphasized that developing countries require reliable and affordable energy for economic growth and job creation. Bessent highlighted the need for a technology-neutral approach to energy financing to address…

The Times of India · Oct 17

Aid cuts cast long shadow over key World Bank meetings

ANALYSIS: At the autumn meetings of the world’s most important development finance bodies, conversations around trying to attract more private investors and providing debt relief to low-income nations are positive – but for world’s poorest nations, Nick Ferris writes, there is little hope of economic development occurring without more aid

The Independent UK · Oct 16

World Bank should focus on mobilising greater private capital and creating jobs, says FM Sitharaman

Nirmala Sitharaman emphasized the importance of private capital in creating jobs and boosting productivity during her address. She outlined six priorities for the World Bank Group to enhance its development impact, integrating private sector engagement. Sitharaman highlighted the need for affordable financing and addressing market failures to foster job creation.…

The Economic Times · Oct 15

No magic fix: IMF chief warns growth cannot solve America's $40 trillion debt

The head of the International Monetary Fund highlights the urgent need to address global debt levels. Rising interest rates and inflation have created burdens on low-income countries, with many unable to finance their needs. The median developing country is paying significantly more in interest compared to developed nations, affecting government…

The Economic Times · Oct 15