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BBCNEWS BBC News July 6, 2024

slows in the uk for a second month in a row, but remains close to a ao year high. there is still a long way to go in the battle against inflation for families up and down the country who are seeing food price inflation of nearly 17% and that is causing a massive hike in the cost of the weekly shop. philippinejournalist and nobel peace prize winner maria ressa is cleared of tax evasion charges. in tennis defending men s champion rafa nadal is out of the australian open at the second round stage after defeat by american mackenzie mcdonald. hello and welcome if you re watching in the uk or around the world. officials in ukraine have told the bbc that the country s interior minister denys monastyrsky and his deputy are among at least 18 people who ve been killed in a helicopter crash in a suburb of kyiv. there were nine people including mr monastyrsky aboard the helicopter. some of those killed were on the ground. the regional governor said the aircraft came down near ....

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UNCTAD urges reforms on global debt architecture amid distress

Kenya's Treasury expects interest payments in current financial year to hit Sh918 bn. ....

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BBCNEWS BBC News June 4, 2024 10:28:00

Restructuring as well as long term lending to invest in sustainable development. in short, we need a new debt architecture. multilevel development banks must change their business model to stop the on their own operations, which are very important, they must concentrate on multiplying the impact leveraging massively private finance, any systematic way, providing guarantees, accepting to be first risk takers and correlations, financial institutions to support developing countries. without creating the conditions for massive inflow of private finance, a reasonable cost to the developing world, there is simply no solution. international financial institutions are too small and the capacity to increase as not to be seen in the short term. second, bridging divides ....

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Developing Countries COVID-19 Debt Crisis Could Put SDGs & Climate Agreement Completely Out of Reach

Prospects for post COVID-19 recovery are dangerously diverging, according to the International Monetary Fund (IMF) The United Nations said developing nations have spent 580 times less per capita on their COVID-19 response, in comparison to richer nations, because they do not have the money to do so. Credit: James Jeffrey/IPS
BONN, Germany, Mar 30 2021 (IPS) - The inability of developing nations to spend on post COVID-19 recovery and resilience has placed the world on the “the verge of a debt crisis”. “We face the spectre of a divided world and a lost decade for development,” United Nations Secretary-General António Guterres said on Monday, Mar. 29, during a high-level meeting on financing development post COVID-19. ....

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