New Delhi: China is securing loans to low-income and developing nations with commodity revenue streams and cash held in restricted escrow accounts in Chinese banks, with such practices implemented for almost half of the total loans worth $991 billion, according to a new study. China significantly ramped up loans to developing countries in Asia, Africa…
The United States is ending its financial support for family planning programs in developing countries, cutting nearly 50 million women off from access to contraception. This policy change has attracted little attention amid the wholesale dismantling of American foreign aid, but it stands to have enormous implications, including more maternal deaths and an overall increase…
The Trump administration intends to terminate the United States’ financial support for Gavi, the organization that has helped purchase critical vaccines for children in developing countries, saving millions of lives over the past quarter century, and to significantly scale back support for efforts to combat malaria, one of the biggest killers globally. The administration has…
The African nation of Zaire was elated. Its president, Mobutu Sese Seko, had struck a deal in 1974 for the country to host potentially the biggest boxing contest in history: Muhammad Ali, a legend seemingly on the decline, versus George Foreman, a ferocious, rising heavyweight world champion. Mr. Mobutu, a brutal autocrat, saw a chance…
While the Trump administration in Washington was cutting environmental programs, delegates at U.N. biodiversity talks in Rome made modest progress Thursday on a series of measures to support nature. Governments gathered to tackle global biodiversity losses that are unprecedented in human history, driven by the ways people have transformed the world. The seismic geopolitical changes…
As the Trump administration imposes deep cuts on foreign aid and renewable energy programs, the World Bank, one of the most important financiers of energy projects in developing countries, is facing doubts over whether its biggest shareholder, the United States, will stay on board. While the Trump administration has voiced neither support nor antipathy for…
As the reality sets in that the United States is drastically diminishing its foreign assistance to developing countries, an urgent conversation is starting among governments, philanthropists, and global health and development organizations. It is centered on one crucial question: Who will fill this gap? Last year, the United States contributed about $12 billion to global…
The Trump administration on Tuesday issued a waiver for lifesaving medicines and medical services, offering a reprieve for a worldwide H.I.V. treatment program that was halted last week. The waiver, announced by Secretary of State Marco Rubio, seemed to allow for the distribution of H.I.V. medications, but whether the waiver extended to preventive drugs or…
The Trump administration has instructed organizations in other countries to stop disbursing H.I.V. medications purchased with U.S. aid, even if the drugs have already been obtained and are sitting in local clinics. The directive is part of a broader freeze on foreign aid initiated last week. It includes the President’s Emergency Plan for AIDS Relief,…
Today’s newsletter looks at how Trump’s return to the White House is giving China a chance to become a weather superpower. You can also read and share a full version of the story on Bloomberg.com. For unlimited access to climate and energy news, please subscribe. Source link