The World Bank on Tuesday said developing countries spent a record $1.4 trillion to service their foreign debts in 2023 as interest costs climbed to a 20-year high, squeezing budgets for necessities ...

Over the past two years, private creditors have been squeezing public-sector borrowers in developing countries, taking out more in interest payments than they are providing in fresh lending ...

At the International Development Association meeting in South Korea, African leaders will call for equitable financial ...

Kevin Watkins thinks the fate of the 2030 targets hinges on the next International Development Association replenishment.

A breakup in Germany’s ruling party coalition has frozen proposed funding cuts to the development budget for next year. But ...

Everything you need to know ahead of the World Bank’s IDA pledging conference in Seoul. Plus, report reveals LMICS paid a ...

Developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, the World Bank’s latest International Debt Report shows.

The World Bank on Tuesday said developing countries spent a record $1.4 trillion to service their foreign debts in 2023 as ...

The 2024-2025 Global Top Brands Award Ceremony & International CE Industry Leaders’ Summit will kick off on January 8, 2025, ...

Providing round-the-clock energy, using minimal space and yielding a cleaner source of power -- geothermal energy seems like ...

Clear guidelines for communicators’ use of generative AI, will help avoid an explosion of misleading information, the erosion ...

This early pledge announcement comes ahead of the final IDA21 replenishment meeting scheduled for December 5-6, 2024, in Seoul, South Korea. The increase underscores Croatia's recognition of the ...