The World Bank used a tool known as purchasing power parity to make its calculations. An improved methodology suggests China’s pro-market reforms increased rather than shrank extreme poverty.
U.S. Special Presidential Envoy for Climate John Kerry and his Chinese counterpart, Xie Zhenhua, had front-row seats at COP28’s final session.
Kiara Worth/UN Climate Change via Flickr,
The UN climate conference brought some progress. A former UN official who has been involved in international climate policy for years explains what has to happen now for that progress to pay off.
Through the Loss and Damage Fund, developed states and major emitters will compensate developing countries experiencing the most devastating effects of climate change. The fund is now operational.
A beach littered with plastic and other waste in the fishing village of Kayar, north of Dakar, Senegal.
Bara Deme
Rich polluters have evaded any notion of compensating poor countries at the UN talks.
The annual meetings of the IMF and the World Bank were held in in Marrakech, Morocco in October 2023.
Photo by Christophe Gateau/picture alliance via Getty Images
Many people in Gaza are reliant on the United Nations and other international aid groups to meet their basic needs, like food and medical care. A scholar of peace and conflict economics explains why.
IMF managing director Kristalina Georgieva during the World Bank Group and IMF meetings in Washington in April 2023.
Photo by Stefani Reynolds / AFP) via Getty Images)
This week’s summit for a “New Global Financing Pact” will look to secure some much-needed climate cash for developing countries, while ensuring their debt remains manageable.
Chinese President Xi Jinping hosted the 14th BRICS Summit via video link in Beijing. South African President Cyril Ramaphosa, Brazilian President Jair Bolsonaro, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attended the summit.
Li Tao/Xinhua via Getty Images
Geopolitics is forcing BRICS countries to balance respect for international law, self-determination, sovereignty and peaceful resolution of disputes with their friendly relations with Russia.
People march with a banner that reads in Spanish ‘Stop the adjustment, out with the IMF,’ in Buenos Aires, Argentina on May 9, 2023.
(AP Photo/Victor R. Caivano)
Professor of International Business Strategy & Emerging Markets at the University of Sussex Business School, and the Graduate School of Business, University of Cape Town