Page 13 - Developing Countries News Today

The Kremlin said on Wednesday that it regarded work to integrate Saudi Arabia into the BRICs bloc of developing countries very important and said such work was continuing. Kremlin spokesman Dmitry Peskov made the comment after the kingdom's minister of commerce said in a panel at the World Economic Forum in Davos that Saudi Arabia has not yet officially joined BRICs. Peskov said he had not heard about the minister's statement.

At a WTO agriculture negotiations meeting held on Tuesday, the US said a permanent solution for public stockholding, which includes subsidised procurement, is not possible even as India insisted that it has to be dealt with separately on a fast track as per the existing mandates and has to be delivered at MC13.

Ajay Banga, nominated by President Joe Biden, is expanding the bank's climate portfolio.

Egypt-based investment fund management company Ezdehar has acquired a minority stake in the Egyptian healthtech Yodawy for $10...

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The African Guarantee Fund has signed a landmark partnership agreement with Vista Group Holding to accelerate access to finance for small and medium-sized enterprises including women-led...

The 24th annual survey, which covered over 32,000 respondents across 28 countries, showed developing countries having a lead over developed ones in terms of overall trust perception of their respective populations. On the overall index, prepared on the basis of average per cent trust in NGOs, business, government and media, India moved to second place from fourth in 2023, while China retained its top spot.

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland."We must focus on helping low i...

Says advanced economies are at greater risk, but also better placed to take advantage

Artificial intelligence (AI) is predicted to have a major impact on about 60% of the jobs in advanced economies, the International Monetary Fund (IMF) has said.