Page 9 - Developing World News Today

A gloomy economic outlook and ESG concerns have more funds and investors shunning the country’s stocks.

Leaders of many of the world's biggest economies prepared to huddle in the Indian capital for the Group of Twenty summit Saturday, though growing global rifts and the absence of key players meant that reaching consensus on the thorniest issues could prove elusive. At least a fifth of G20 heads were not in New Delhi. The leaders of Russia and China opted not to come, ensuring no tough face-to-face conversations with their American and European counterparts over multiple disputes, most acut...

President Biden was hoping to convince the world’s largest economies to rally behind Ukraine during Saturday’s Group of 20 summit in India while also pressing his case for American investment in the developing world.

At the G-20 meeting, the administration will unveil its plans to counter growing Chinese influence with a new approach to economic development that prioritizes climate action and inclusive growth. But countries burned by decades of Western-imposed austerity aren’t convinced.

At the G-20 meeting, the administration will unveil its plans to counter growing Chinese influence with a new approach to economic development that prioritizes climate action and inclusive growth. But countries burned by decades of Western-imposed austerity aren’t convinced.

Online gig work is growing globally, particularly in the developing world, creating an important source of employment for women and young people in poorer countries where jobs are scarce, according to a World Bank report released Thursday. The report estimates the number of global online gig workers at as many as 435 million people and says demand for gig work increased 41% between 2016 and the first quarter of 2023. For women in the developing world, “there aren’t enough opportu...

The governments of developing countries face a pressing problem: growing and, in many cases, unsustainable sovereign-debt loads. New York State law governs about half of the developing world’s sovereign-bond issues. New York legislation slated for 2024 could shape the restructuring framework that will decide how sovereign debt is managed.

We must ensure that adequate investment is directed towards uplifting women and girls

The United States is racing to improve its messaging to the developing world as the BRICS group grows, although few in Washington view an immediate threat from the Chinese-backed club.The United States has also been highlighting Russia's withdrawal from a UN-backed deal to allow grain exports from Ukraine to the developing world, where some countries have questioned the Western priority of sending billions of dollars in weapons to Kyiv.

Vietnam’s education system is remarkably effective – what lessons can other developing countries learn?