Category: Developing Countries

Nepal Puts Cost of Disaster at $5 Billion, Blaming Climate Change

The New York Times – On the Runway:
The country is seeking urgent help from a special U.N. climate fund, but the program lacks money because the United States and others have been reluctant to contribute.
Nepal Turns to Mass Burials, as Thousands Remain Missing from Floods

The New York Times – On the Runway:
Only a fraction of the over 2,500 missing are turning up among the dead, underscoring a bleak reality: The death toll is likely to keep rising for days to come.
U.S. Restores Some Vaccine and Health Aid to Unicef, Gavi and World Food Programme

The New York Times – On the Runway:
The amount is still far below what the U.S. spent previously on humanitarian and health aid, but resumes the flow of money for key efforts to fight malnutrition and disease.
The Iran War’s Persistent Threat to Farmers in Poor Countries

The New York Times – Business:
A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
These Countries Embrace E.V.s to Avoid Oil Price Shocks

The New York Times – Business:
People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
Ozempic Is About to Go Generic in India, China and Canada

The New York Times – Business:
In India, China and several other nations, Novo Nordisk is on the verge of losing patent protection for its blockbuster weight loss drug, opening the door for cheaper competing versions.
Cheap Solar Is Transforming Lives and Economies Across Africa

Chinese panels are now so affordable that businesses and families are snapping them up, slashing their bills and challenging utilities.
Poor Countries Got $1 Trillion From China. So Did Rich Ones.

Beijing has used loans to developing nations to expand its influence, but a new study says no country has received more Chinese financing than the United States.
Will Bill Gates’s ‘Strategic Pivot’ Shake Up Climate Policy?

The billionaire philanthropist said it was a mistake to focus so much on “near-term emissions goals,” a position that could generate serious debate.
Bill Gates Says Climate Change ‘Will Not Lead to Humanity’s Demise’

In a memo, the Microsoft co-founder warned against a “doomsday outlook” and appears to have shifted some of his views about climate change.
Philanthropies Strike a Promising Deal to Turn Back H.I.V.

Low- and middle-income countries will be able to purchase an effective preventative at a reduced price. The arrangements may help stem the epidemic 40 years after it began.
Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief

Initially 49%, it was lowered to 19%, easing worries of a damaging hit to the country’s garment and footwear production industries.