UAE to help developing nations in poverty eradicationOctober 13th, 2009 ABU DHABI - The United Arab Emirates (UAE) will support projects in the developing countries to eradicate poverty, WAM news agency reported Tuesday. The Abu Dhabi Fund for Development (ADFD) is committed to global poverty eradication by pledging support for projects that will improve lives of millions of people, it said.
World fights over climate fundOctober 6th, 2009 BANGKOK - The World Bank has estimated that industrialised countries will have to pay developing nations $100 billion a year from now till 2050 to battle climate change. But there is no money nor any commitment on the table though over 4,000 delegates from 177 countries are squabbling here over who will govern the fund if it comes into being.
UN agency: climate change will hit agriculture in developing countries, increase povertySeptember 30th, 2009 UN: climate change impact on agriculture direROME — A U.N. agency warns that the climate change will badly affect agriculture and hit developing nations hardest, leading to unreliable food production and higher prices.
Bangkok climate meet opens amid fresh hopeSeptember 28th, 2009 BANGKOK - The penultimate round of negotiations in preparation for a global climate deal in Copenhagen this December started here Monday, with a fresh impetus given to the process by the UN General Assembly (UNGA) and the G20 summit last week. Thai Prime Minister Abhisit Vejjajiva opened the two-week meeting, saying: The (UNGA) summit was able to renew our collective engagement on the issue of climate change at the very highest levels.
Developing countries to get more voting power at IMFSeptember 25th, 2009 PITTSBURGH - The Group of 20 (G20) nations Friday agreed to increase the voting power of developing countries at the International Monetary Fund (IMF) by at least five percent. "We are committed to a shift in IMF quota share to dynamic emerging markets and developing countries by at least five percent from over-represented countries to under-represented countries using the current quota formula," G20 leaders said here in a statement.
India will grow at 6.3 percent: Manmohan SinghSeptember 25th, 2009 PITTSBURGH - Prime Minister Manmohan Singh Friday predicted a 6.3 percent growth for India during the current fiscal even though he saw a dip in the economic expansion of developing countries as a whole to 1.5 percent. "Despite a drought, which will affect agricultural production, we expect to grow by around 6.3 percent in 2009-10," the prime minister told the plenary session of the G20 Summit here.
US energy chief urges China, developing nations to set 2050 greenhouse gas emissions targetsJuly 15th, 2009 US urges China to set 2050 emissions targetsBEIJING — China and other developing countries should join the United States in setting mid-century targets to cut carbon emissions in the battle against global warming, the U.S. energy secretary said Wednesday.
Manmohan Singh takes on developed world at G-5 summitJuly 9th, 2009 L'AQUILA - Addressing the media following the G-5 outreach summit here, the Prime Minister, Dr. Manmohan Singh, once again took on the West and blamed it for the current economic meltdown.
Japan's Amano confirmed as ElBaradei's successor at IAEAJuly 3rd, 2009 VIENNA - Members of the International Atomic Energy Agency unanimously designated Japan's Yukiyo Amano as the next IAEA chief Friday, ending a rift between developing and industrialised countries over his nomination. With the official confirmation of his election Thursday, the Japanese diplomat is now set to assume his post in December, succeeding Mohamed ElBaradei, who retires as director general after 12 years in office.
Developing countries block IAEA plans for n-fuel banksJune 18th, 2009 VIENNA - Developing countries Thursday effectively blocked plans by the International Atomic Energy Agency (IAEA) for nuclear fuel banks that aim to keep countries from acquiring sensitive nuclear technology by offering them alternatives. The Vienna-based IAEA had asked member countries of its governing board to give the green light for fleshing out proposals to sway countries to buy nuclear fuel from abroad, by providing them with an insurance in case their supply is cut off for political reasons.
Renewable energy to get cheaper, says India's ministerJune 12th, 2009 NEW DELHI - The cost of generating clean energy should be brought down to make it "affordable" for developing countries, Minister for New and Renewable Energy Farooq Abdullah said Friday after his interaction with the visiting UAE foreign affairs minister. The minister, during his interaction with Abdullah Bin Zayad Al-Nahayan, the minister for foreign affairs of the United Arab Emirates (UAE), said the developing countries were more in need of renewable energy.
Environmentalists seek new law on e-waste recyclingJune 5th, 2009 NEW DELHI - The firm that makes your computers and mobile phones must take legal responsibility for recycling them, say environmentalists who are pushing for a new law on handling e-waste. They also want a ban on import of old computers to India.
ADB warns of carbon emissions from vehiclesMay 30th, 2009 MANILA - The Asian Development Bank (ADB) expressed concern Saturday over the unabated increase of carbon dioxide emissions from vehicles in the region's developing countries. The Manila-based bank said that while developed countries are still responsible for the largest share of greenhouse gas emissions from the transport sector, emissions from developing countries in Asia are growing rapidly.
Dell policy formalizes ban on exporting broken electronics and parts to developing countriesMay 12th, 2009 Dell bans e-waste export to developing countriesSEATTLE — PC maker Dell Inc. on Tuesday formally banned the export of broken computers, monitors and parts to developing countries amid complaints that lax enforcement of environmental and worker-safety regulations have allowed an informal and often hazardous electronic-waste recycling industry to emerge.
Developing countries say they are hit harder by global financial crisis and need urgent helpApril 24th, 2009 Developing countries hit harder by global crisisWASHINGTON — Developing countries are being hit harder by the global financial crisis than industrialized nations and need urgent and unprecedented help to cope with it, the Group of 24 countries said Friday. Among the effects of the crisis the developing countries are experiencing are falling prices for their commodities and exports, a decline in money transfers their citizens send from abroad, a sharp reduction in foreign direct investment and exposure to the credit crunch other countries are facing.