Latest Developing Countries News & Updates

Washington, April 16 (IANS) The World Bank Group has launched a global initiative to improve water security for one billion people by 2030, linking access to reliable water directly to jobs, economic growth and stability across developing economies. The platform, called Water Forward, aims to align reforms, financing and partnerships to expand water services and strengthen resilience to droughts and floods.“Water is foundational to how economies function. When water systems work, farmers produ…

New Delhi, Feb 10 (IANS) Foreign Secretary Vikram Misri and China’s Executive Vice Foreign Minister Ma Zhaoxu held the India-China Strategic Dialogue in New Delhi on Tuesday, discussing ways to further advance bilateral ties by enhancing people-to-people exchanges and addressing concerns on sensitive issues. The two sides also discussed global, regional situations and other multilateral issues.”Foreign Secretary Vikram Misri held the India-China Strategic Dialogue with Executive Vice Foreign Min…

New Delhi, Jan 23 (IANS) The European Union’s broader suspension of the Generalised Scheme of Preferences (GSP) will impact only 2.66 per cent of India’s exports to the EU, the Commerce Ministry said on Friday.In 2023, EU imports from India amounted to approximately 62.2 billion euros. Of this, only 12.9 billion euros were eligible under the EU’s Standard GSP framework. India has graduated from 12 major product categories. As per the new regulation, 1.66 billion euros of trade is expected to…

Washington, Jan 16 (IANS) India’s upcoming AI Impact Summit in New Delhi will be anchored around three core themes — people, planet and progress — with the aim of shifting global artificial intelligence discussions from principles to practical outcomes, India’s Deputy Chief of Mission in Washington, Namgya Khampa, said.Khampa’s remarks came at “US-India Strategic Cooperation on AI,” a discussion organised by Observer Research Foundation America (ORF America), the Special Competitiv…

United Nations, Jan 15 (IANS) The trend of developing countries growing faster economically compared to the developed countries calls for reforming the Security Council and the international financial institutions, Secretary-General Antonio Guterres said on Thursday.“Every day, the share of global GDP held by developed economies shrinks, bit by bit. Every day, emerging economies grow – in size, in strength, in influence. Every day, South-South trade pulls further ahead of North-North trade,”…

New Delhi, Jan 10 (IANS) India’s primary challenge lies in balancing its foreign policy priorities between the US and BRICS, particularly as several members of the bloc are under increasing scrutiny from Washington. While India views BRICS as a means to uphold the multilateral world order, other members, such as Russia and China, consider it a geostrategic tool to counterbalance the USA, a report detailed on Friday. According to a report in the India Narrative, India’s current US policy, driven …

Washington, Dec 25 (IANS) Newly declassified US diplomatic records show that the Paris climate agreement was carefully shaped with India in mind. The deal was designed to bring India into a global climate framework, while at the same time limiting New Delhi’s ability to rely on older distinctions between developed and developing countries.The documents, released by the National Security Archive on the 10th anniversary of the Paris Agreement, include internal US diplomatic cables, strategy papers…