Results for: Developing Nations

A new report by the UN Conference on Trade and Development (UNCTAD) highlights the staggering financial needs of developing nations to combat climate change. By 2025, these countries will require $1.1 trillion annually, rising to $1.8 trillion by 2030. The report urges developed nations to significantly increase their climate finance commitments, emphasizing the need for effective, transparent, and accessible funding mechanisms that prioritize sustainable development without deepening debt burdens.

The Group of 77 (G77), a coalition of 134 developing nations, will convene in New York on Friday for its 48th annual meeting. The gathering will address critical issues impacting developing countries, from widening economic disparities to the effects of climate change. Learn about the G77’s history, goals, and the diverse group of nations it represents.

Prime Minister Narendra Modi addressed the G7 summit in Italy, calling for an end to monopolies in the technology sector. He emphasized the impact of global uncertainties and tensions on developing nations in the ‘global south.’ Modi emphasized India’s contributions and his government’s commitment to developing the country. He noted that countries in the global south are disproportionately affected by global challenges.

In the evolving landscape of ransomware attacks, hackers are exploiting developing nations as experimental playgrounds to test their malicious software before targeting enterprises in more affluent regions. Organizations in Africa, Latin America, and Asia often possess weaker cybersecurity defenses and attract less attention, making them ideal targets for these cybercriminals. Instances of ransomware attacks have been witnessed in Senegal, Chile, Colombia, and Argentina, with the same malware strains later surface in Europe and North America.