Page 32 - Developing Countries News Today

The consensus, reached by the 24-member committee at a meeting in Abu Dhabi, will be presented at COP28 in Dubai for all 190-odd countries to consider. While neither the developed nor the developing countries negotiators were completely satisfied with the outcome, it was adopted in a spirit of compromise by the 24-member committee, barring the US.

The Himalayan country is far behind in enforcing construction codes despite sitting on the fault lines of two major tectonic plates, experts say.

South Asia Economic Summit hosted by the Centre for Policy Dialogue concludes

Political consensus is necessary among the leaders in South Asian countries to deepen integration, enhance trade, beef up cooperation in their fighting against climate change, and achieve much-desired economic prosperity, said economists, researchers and policy-makers yesterday.

South Asia is not yet ready for a common currency, said economists from countries in the region at the opening of a two-day 14th South Asia Economic Summit in Sheraton Dhaka yesterday.

South Asia should put emphasis on building a proper economic corridor with the efficient utilisation of its port infrastructure to gain the benefits of multi-modal transport in cross-border logistics, according to experts.

The U.S. pushed for voluntary payments in a high-stakes negotiation over a global fund for climate disasters.

Periasamy Kumaran, the Secretary In-charge of development partnership administration in Indias Ministry of External Affairs, praised the success of triangular cooperation initiatives between India and Germany in countries like Benin, Cameroon, Ghana, Malawi, and Peru during the 1st Asian Conference on Triangular Cooperation (TrC) in New Delhi. Kumaran highlighted their joint efforts in sustainable development and climate goals, with more initiatives on the horizon.

Old age and mass migration are the great forces of the 21st century.

He pressed rich nations to compensate poorer ones for the disproportionate “loss and damage” they’ve endured because of greenhouse gas emissions.