Climate change
Zimbabwe, a developing country, is exploring innovative ways to fund its economic and social development due to a significant reduction in aid finance led by the United States, the world's largest economy. The country has set up the Zimbabwe Renewable Energy Fund (ZimREF) to meet the United Nations&
International cooperation
China is set to launch the International Deep Space Exploration Association (IDSEA) next Monday, with a focus on empowering developing countries in the field of deep-space technologies. The association, located in Hefei, Anhui Province, aims to become an inclusive academic platform that will promote international cooperation and provide access to
Climate change
As the world edges closer to the 2030 deadline for the Sustainable Development Goals (SDGs), a development emergency is unfolding. The SDG financing gap has ballooned to over $4 trillion annually, compounded by declining aid, rising trade barriers, and a fragile global economy. At the heart of this crisis are
Climate change
As the world grapples with the challenges of climate change and economic inequality, global leaders have come together to propose a new framework for cooperation, known as the Pact for Prosperity, People and Planet (4P). At the fourth International Conference on Financing for Development, President William and French President Emmanuel
Climate change
Nepal's Minister for Foreign Affairs, Dr. Arzu Rana Deuba, has highlighted the need for global cooperation among vulnerable countries to address the growing risks of climate change. Speaking at the Ministerial Special Session of the Food and Agriculture Organisation's (FAO) 44th Session, Dr. Rana emphasized that
Climate change
Minister of Agriculture Majnun Mammadov joined high-level representatives at the United Nations Food and Agriculture Organization (FAO) headquarters in Rome, Italy, for a ministerial event. The gathering, titled "From Vulnerability to Resilience - Strengthening Food Security and Better Life in Small Island Developing States, Least Developed Countries and Landlocked
International cooperation
Minister for Foreign Affairs Dr Arzu Rana Deuba has stressed the need for global cooperation among vulnerable countries to address the growing risks of climate change, particularly in Least Developed Countries (LDCs), Landlocked Developing Countries (LLDCs), and Small Island Developing States (SIDs). At the Ministerial Special Session of the Forty-Fourth
International trade
The STDF annual report covers a momentous year for the partnership, marking its 20th anniversary in 2024 and highlighting significant achievements, including strengthened SPS capacity in developing countries and mainstreaming gender and environmental issues. The report also features an external evaluation of the STDF's performance, showcasing its continued
International trade
Foreign direct investment (FDI) in developing countries reached its lowest level in 18 years in 2023, with a total of $435 billion, a sharp decline from the previous year. This significant drop in FDI, which is crucial for economic growth, job creation, and meeting development goals, has been attributed to
Economic development
Egypt has been chosen as one of seven countries to benefit from the Climate Investment Funds' (CIF) $1 billion Industrial Decarbonisation Programme, underscoring international confidence in the country's climate action strategies. The announcement was made by Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, who
Economic development
The socio-economic development of any society largely depends on the strength of its informed population or human capital; hence, education plays a pivotal role in shaping individual well-being and the collective transformation of people across generations. According to a 2024 report by the United Nations Educational, Scientific and Cultural Organization
Economic development
Economists Dr. Asha Sundaram and Dr. Dennis Wesselbaum have sounded the alarm on the potential for artificial intelligence to exacerbate income inequality and create "AI poverty traps" in developing nations. In a paper titled "Economic Development Reloaded: The AI Revolution in Developing Nations," the researchers argue
