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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Developing countries need oil and gas resources to meet their needs for affordable and reliable energy, but that doesn’t mean that they shouldn’t be incentivized to transition to cleaner forms of ...

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 ...

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 ...

They have set the stage for what is now called embedded finance—financial instruments or services directly integrated into ...

Allison Schrager is a Bloomberg Opinion columnist covering economics. A senior fellow at the Manhattan Institute, she is author of “An Economist Walks Into a Brothel: And Other Unexpected Places to ...