Developing nations' 30% share of global public debt in 2023, particularly in Asia and Oceania, rose from 16% in 2010.
GENEVA (AN) — Developing countries owed nearly a third of the record $97 trillion in global public debt in 2023, all but ensuring their inability to provide adequate health care, schools and climate programs.
The amount owed rose by $5.6 trillion, or 6%, from 2022, "driven by cascading crises as well as the sluggish and uneven performance of the global economy," U.N. Trade and Development reported.
The spike in the world’s deadliest infectious disease comes as officials warn global aid cuts could lead to a resurgence.
Minimum wage workers in the E.U. had the most purchasing power in Germany and the least in Estonia.
The South African president invoked Nelson Mandela's emphasis on global 'interdependence' and cooperation.
Billionaires' wealth 'surged' by $2 trillion in a year, while 44% of the world population lives on less than $6.85 a day.
Experts agreed science and diplomacy need to evolve to build trust, solve problems, and promote national interests.
The spike in the world’s deadliest infectious disease comes as officials warn global aid cuts could lead to a resurgence.
More than 275,000 glaciers cover 700,000 square kilometers of the planet. Glaciers and ice sheets store 70% of all freshwater.
From migrants to refugees, millions of lives and the organizations that help them are at risk from U.S. aid cuts.
