developing Archives - Career Meaning

COP29 climate talks conclude with $300 billion annual pledge, but developing nations call deal ‘an insult’

·November 24, 2024·4 min read

After two weeks of intense negotiations, delegates at COP29, formally the 29th Conference of Parties to the UN Framework Convention on Climate Change (UNFCCC), agreed to provide this funding annually, with an overall climate financing target to reach “at least $1.3 trillion by 2035”. Countries also agreed on the rules...

Debt crisis in developing countries weighing down SDG push, Rwanda’s Kagame warns

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·September 21, 2023·1 min read

The SDG summit held in New York earlier this week highlighted the disappointing progress made toward achieving the UN’s 17 SDG goals by 2030, said Mr. Kagame. He commended the Secretary-General’s focus on the issue and emphasized that slow progress toward achieving SDGs would exacerbate economic disparities between countries. “This year’s...

Developing countries face $4 trillion investment gap in SDGs

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·July 5, 2023·2 min read

According to a new UNCTAD report, developing countries actually face a staggering $4 trillion gap in sustainable development investments. UNCTAD Secretary-General Rebeca Grynspan said that a “significant increase” in material support for renewable energy in developing countries is “crucial” for the world to reach its climate goals by 2030. Poorer countries...

Boost for developing nations as mRNA technology hub moves to the next phase in South Africa

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·April 22, 2023·2 min read

Over 200 international participants working with the mRNA Technology Transfer Programme had their first face-to-face meeting, in a bid to make one of the most revolutionary medical technologies which led the field in vaccine development against COVID-19, more widely and fairly available, in the places where it is most needed. ‘Lifesaving’ breakthrough:...

Lost decade looms for debt-ridden developing countries: UNCTAD

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·April 12, 2023·4 min read

In a new report, UNCTAD projects that annual growth across large parts of the global economy will be below pre-pandemic levels in 2023. High interest rates combined with soaring debt levels will add to the “crushing” effect on developing countries over the coming years, to the tune of at least...

World Bank: sharp, long-lasting slowdown to hit developing countries hard

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·January 11, 2023·2 min read

Globally, growth continues to slow sharply due to rising inflation and interest rates, reduced investment, and supply disruptions caused by Russia’s full-scale invasion of Ukraine. Any new adverse development could further push the global economy into recession, said the World Bank. This includes higher-than-expected inflation rates, abrupt rises in interest...

UN trade body calls for halting cryptocurrency rise in developing countries |

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·August 10, 2022·2 min read

Although private digital currencies have rewarded some individuals and institutions, they are an unstable financial asset that can bring social risks and costs, the agency warned. UNCTAD said their benefits to some are overshadowed by the threats they pose to financial stability, domestic resource mobilization, and the security of monetary...