We’re almost a quarter of the way through the 21st century, and the past 25 years or so have been a tale of two economies when it comes to bridging the gap between the world’s richest and poorest ...

According to the OECD, there are only 37 countries belonging to the developed countries list. In contrast, there are 152 developing countries. At least, that’s the number according to the definition ...

Rich nations built their wealth on coal, oil and gas. Now the world is asking poorer countries like Mozambique to chart a ...

Developed and Developing Countries: An Overview It's difficult to determine how best to quantify the difference between developed and developing countries. Although gross domestic product (GDP) is one ...

This week, officials from around the world are meeting in Seville for a landmark event in the development policy calendar: the 4th International Conference on Financing for Development. The previous ...

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief. By Alan Rappeport Reporting from Washington Soaring inflation saddled developing ...

FILE - Chinese Premier Li Qiang, right, shakes hands with Director-General of the World Trade Organization Ngozi Okonjo-Iweala, in Tianjin, ahead of the annual World Economic Forum New Champions ...

According to a report by the International Monetary Fund (IMF), the growth in developing economies is expected to remain steady at 4.2% in 2024 and 2025. This stability is attributed to the fact that ...

LONDON, Nov 7 (Reuters) - The amount of finance provided to developing countries to help them adapt to the impacts of climate change is far short of the $359 billion a year needed even after the ...

Casa dos Ventos wind turbines operate in Serra da Babilonia in Morro do Chapeu, Bahia state, Brazil, on May 17, 2023. Maria Magdalena Arrellaga/Bloomberg—Getty Images As the world accelerates efforts ...

WASHINGTON, Dec. 3, 2024—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 ...

Each year, more than $13 trillion in public procurement contracts are awarded worldwide. In low-income countries, these contracts make up a substantial portion of the economy. But research suggests ...