Poorest countries are in debt; spent record $443.5 bln in debt service payments
Interest payments by these countries quadrupled to all-time high of $23.6 billion in 2022
Governments worldwide spent $1.7 trillion of public money on fossil fuels, a new report finds
Among G20 countries, only 13 per cent of annual reports available showed that their SOEs had invested in renewable energy
Advocacy groups pick holes in World Bank’s new safeguard policies
The new safeguard policies are allegdedly creating “loopholes" with vague language and more reliance on laws and standards of the borrower …
Paris finance meet: What is the Summit for a New Global Financing Pact about?
Discussions on how to reform Multilateral Development Banks (MDB) to better serve the needs of the Global South will be in spotlight
Time to reform UN Security Council, Bretton Woods system outdated: Guterres
Can’t ignore vast majority of countries suffering a deep financial crisis, UN Secretary-General says at G7 meet
World’s 60 largest banks pumped $5.5 trillion into fossil fuels after the Paris Agreement: Report
$673 billion spent on fossil fuel financing in just 2022; clean energy finance has been largely stagnant
Climate ambition requires reform of current financial system: CSE report
Current form of financing is adding burden on developing countries, CSE and other experts discuss at webinar