Tag #Development Finance

Showing 1 to 12 of 19 results

china.org.cn
🌐 85% Global Worthiness
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Western Lenders, Not China, Primarily Drive Developing Nation Debt Burden

A new report reveals that lower-income economies send the bulk of their external debt payments to Western commercial lenders and multilateral institutions, not China, challenging the common "debt trap" narrative and highlighting the detrimental effects of Western lending practices on developing nati...

Progress

60% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Diaspora Direct Investment: A New Engine for Economic Growth in Africa and the Caribbean

Diaspora communities in Sub-Saharan Africa and the Caribbean are increasingly investing directly in their home countries, totaling billions annually, focusing on affordable housing, financial technology, and locally developed solutions, despite challenges like trust deficits and financial literacy.

Progress

44% Bias Score

No Poverty
forbes.com
🌐 90% Global Worthiness
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Energy Infrastructure: A Critical Divide

A successful solar-powered mini-grid in Sierra Leone contrasts sharply with the lack of energy infrastructure in the Democratic Republic of Congo and other Central African countries, highlighting the need for increased investment in energy infrastructure and a paradigm shift in development finance t...

Progress

44% Bias Score

Affordable and Clean Energy
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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BRICS Summit: Latin America Seeks Economic Alternatives

The 17th BRICS summit in Rio de Janeiro, held July 23-24, concluded with 126 commitments focused on institutional reform, financial sovereignty, and South-South collaboration, attracting significant interest from Latin America and offering alternative development financing options.

Progress

40% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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Joint Initiative Seeks Higher Taxes on the Wealthy to Combat Global Inequality

Spain, Brazil, and South Africa launched a joint initiative at the UN Seville summit to increase taxes on high net worth individuals to address global inequality and reduced international cooperation, with plans for a three-month action plan and annual meetings.

Progress

40% Bias Score

Reduced Inequality
euronews.com
🌐 85% Global Worthiness
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AIIB Celebrates 10 Years, Elects New President Amidst Growing Global Impact

The Asian Infrastructure Investment Bank (AIIB) celebrates its 10th anniversary this week, having invested over $60 billion in more than 300 projects across 38 countries, resulting in significant environmental and social improvements, and is now electing its second president.

Progress

56% Bias Score

Affordable and Clean Energy
china.org.cn
🌐 85% Global Worthiness
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Report: Private Lenders, Not China, Receive Most Debt Payments from Lower-Income Countries

A new report reveals that lower-income countries pay three times more in debt repayments to private lenders than to China, challenging narratives portraying China as the main driver of their debt problems; only 13 percent of their external debt payments between 2020 and 2025 will go to Chinese lende...

Progress

52% Bias Score

No Poverty
aljazeera.com
🌐 85% Global Worthiness
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Southeast Asia Faces \$2 Billion Cut in Western Development Funding

Western governments' cutbacks will reduce development financing to Southeast Asia by over \$2 billion in 2026, impacting poorer nations most severely and increasing reliance on China and other Asian nations for funding.

Progress

44% Bias Score

No Poverty
africa.chinadaily.com.cn
🌐 90% Global Worthiness
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BRICS Summit: A Shift in Global Economic Power

The 17th BRICS summit in Rio de Janeiro, held July 23-24, 2024, concluded with 126 commitments across global governance, finance, and climate, marking a shift towards a multipolar world with increased influence from the Global South and offering Latin American nations new economic opportunities.

Progress

40% Bias Score

Reduced Inequality
elpais.com
🌐 90% Global Worthiness
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UN Summit Exposes Private Investment's Devastation on Poor Nations

The UN's Seville summit highlighted the devastating impact of private investors, especially 'vulture funds,' on impoverished nations, with 3.7 billion people in poverty and the richest 1% increasing their wealth by $33.9 trillion since 2015, while proposals for a global wealth tax gain traction.

Progress

48% Bias Score

No Poverty
elpais.com
🌐 85% Global Worthiness
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IDB Group Launches Initiatives to Mobilize Private Capital for Sustainable Development

The Inter-American Development Bank (IDB) Group is launching several initiatives at the IV International Conference on Financing for Development in Seville, including FX EDGE for currency risk reduction, FIRRE for disaster resilience, Amazonia Bonds for sustainable projects, and a multinational debt...

Progress

44% Bias Score

No Poverty
elpais.com
🌐 85% Global Worthiness
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Global Funding Gap for SDGs: Strategic Public Financing as a Catalyst

A \$246-285 billion annual funding gap hinders progress towards the SDGs, while 2024 global development aid dropped 7% to \$212.1 billion; however, strategic public financing, as demonstrated in successful initiatives in Tanzania, Kenya, and Papua New Guinea, can leverage significantly greater priva...

Progress

52% Bias Score

No Poverty

Showing 1 to 12 of 19 results