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Banks can lend up to $400bn to developing countriesThe World Bank is bolstering its collaboration with nine Multilateral Development Banks (MDBs) to fast-track solutions that can change the lives of people in developing countries and measures already being implemented or under consideration by More… |
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Developing countries may not get the investments in low-carbon energy they needSustainable finance is not doing enough to ensure that the need for low-carbon energy investment is matched with access to capital, and Net Zero in developing countries could be pushed back 5-10 years as a result of this ‘climate investm More… |
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Developing countries may not get the investments in low-carbon energy they needSustainable finance is not doing enough to ensure that the need for low-carbon energy investment is matched with access to capital, and Net Zero in developing countries could be pushed back 5-10 years as a result of this ‘climate investm More… |
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WTO calls on vaccine makers to step up output in EMsThe World Trade Organisation has called on Covid-19 vaccine manufacturers to do more to ramp up production in developing countries to combat the vaccine supply shortage that is excluding many lower-income nations from access. In r More… |
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Global trade recovers in Q4, cuts decline to 9%Led by trade in goods, global trade recovered in the last quarter of 2020, reducing its overall decline for the year to about 9%, said UNCTAD in a new report, noting that the rebound, while uneven, was largely powered by developing countries. More… |
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Global trade recovers in Q4, cuts decline to 9%Led by trade in goods, global trade recovered in the last quarter of 2020, reducing its overall decline for the year to about 9%, said UNCTAD in a new report, noting that the rebound, while uneven, was largely powered by developing countries. More… |
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E-commerce sales slump in developing countriesEven though Covid-19 has pushed more consumers in developing countries to buy online, many e-commerce businesses in these nations have seen a slump in sales, said the United Nations Conference on Trade and Development (UNCTAD) in a new report. More… |
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FDI in developing countries ‘set to fall 50% in 2020’Global foreign direct investment, FDI, in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the COVID-19 pandemic, according to experts. "This will threa More… |
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OFID approves $243m to support developing countriesThe Opec Fund for International Development, OFID, has approved US$243 million in new funding to support developing countries across the globe. The organisation also reported that it is already helping developing countries to miti More… |
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Opec approves $1bn Covid-19 fund for developing countriesOpec Fund for International Development (OFID) said its governing board has dedicated $1 billion to fund Covid-19 impact and recovery efforts in developing countries. The allocation will be deployed in th More… |
