Developing economies

Rich nations must hit net zero and pay up on climate, India says

More than 115 countries have now lodged updated climate plans with the United Nations, required under the terms of the 2015 Paris Agreement

At the Brics meeting this week in Brazil, leaders jointly condemned the "indiscriminate rising of tariffs", in a swipe at US President Donald Trump’s trade policy.
THE BOTTOM LINE

The developing world’s G7 would like a word

The real lesson of the Rio Brics summit is that it isn’t meant to be a forum to be anti-American, but a place where countries bid to lead the Global South

The opening session of the 11th Brics Parliamentary Forum in Brasilia, Brazil, on Jun 4. The bloc's leaders are preparing to meet for a two-day summit in Brazil on Jul 6.

Bigger Brics club faces challenges amid opportunities

The bloc has grown in heft, but continued differences among its members may keep it as a forum for emerging-market cooperation

Over three billion people currently live in countries that spend more on debt payments than on essential services such as health or education.
THE BROAD VIEW

Developing countries need a new approach to long-term financing 

The writers propose reforms that would facilitate low-interest lending to fund critical climate and development goals

The global economy faces further challenges from trade policy shifts and geopolitical tensions, World Bank says.

World Bank warns of challenges ahead for developing economies

THE World Bank warned that developing economies will face tougher years ahead, with growth globally too slow to boost living standards and a climate of high policy uncertainty deterring advanced-natio...

Analysts predict Beijing could announce as much as 2 trillion yuan (S$369.4 billion) in new fiscal support on Saturday.

Emerging-market assets pare losses with Beijing plan in focus

EMERGING-MARKET (EM) stocks trimmed weekly losses and currencies halted an eight-day rout ahead of a key briefing from China’s finance minister, where he is expected to unveil fresh measures to revive...

Argentina’s debt restructuring tests the theoretical limits of chaos theory.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Book review: Avoiding the mistakes in Argentina’s US$100 billion debt restructuring

Gregory Makoff’s feat is to build his narrative as a thriller without losing the detailed facts valued by specialists. By Samy B Muaddi

“Perhaps the biggest takeaway from the report is its reaffirmation of trade’s transformative role in reducing poverty and creating shared prosperity,” WTO director-general Ngozi Okonjo-Iweala said.

WTO says trade alone won’t bridge gap between economies

THE World Trade Organization said on Monday (Sep 9) that open trade alone was not enough to reduce inequalities between wealthy and developing nations and more was needed to help poorer countries.

Among major emerging-market economies, one surprise is the strong margin of victory for Mexico president-elect Claudia Sheinbaum, who should be more supportive of US nearshoring efforts and public-private investments than her predecessor.

Political stability in emerging markets is good news for debt investors

Election outcomes across the developing world appear to support growth as US elections loom

The plan will help developing nations avoid a debt trap, Narendra Modi says.

India pledges US$3.5 million to help developing nations with trade

INDIA pledged US$3.5 million towards helping developing countries promote trade and build capacity, as New Delhi tries to position itself as a leader of Global South nations.