Tag: developing countries

UN Chief: Ukraine war unleashing a ‘perfect storm’ of crises

UN Secretary-General António Guterres presented the first detailed policy brief issued by the Global Crisis Response Group on Food, Energy and Finance (GCRG), which he set up to study the effects of the war in Ukraine on the world’s most vulnerable. Here is a summary of the findings, and some of your key questions answered, on what the Group aims to achieve. Speaking at the launch of the brief, Mr. Guterres pointed out that, whilst […]

Massive debt wave could crash on developing countries, World Bank warns

  by Heather SCOTT Agence France Presse A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday. And if the wave breaks, it could be more damaging since it would engulf private companies in addition to governments, at a time when economic growth is sluggish, according to a new report that […]

Developing countries should work together for shared future: Filipino Military Chief

MANILA, Philippines (CCTV) — The Chief of Staff of the Armed Forces of the Philippines, Eduardo Año, speaks highly of the idea of building a community of shared future for mankind stressed by Xi Jinping at the 19th National Congress of the Communist Party of China (CPC). Año, who is attending the Association of Southeast Asian Nations (ASEAN) Defense Ministers’ Meeting in Clark Freeport on Monday, welcomed the ideas that Xi raised during the CPC […]