Flood aid conference raises $9B for Pakistan rebuilding
Climate-induced devastating floods submerged a third of Pakistan last year, affecting 33 million people and leaving 1,739 dead, and could force 9 million people into poverty.
Asian Development Bank (ADB)
The Asian Development Bank is a regional development bank that works to reduce poverty and promote social and economic development across Asia and the Pacific. Owned by 69 nations, the ADB provides loans, technical assistance, and grants for projects in sectors like energy, education, and transport.
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Voting rights in international organizations
Proportion of voting rights in international organizations, with only small changes over time to reflect agreement on suspension and negotiated changes.
China tries to ease debt trap worries about its 'Belt and Road' program
Despite fears about being weighed down with too much debt, developing nations embraced the infusion of Chinese cash.
U.N. expert group warns of risk to data-carrying underwater cables
Data worth an estimated $10 trillion — equal to twice Japan's GDP — moves through underwater cables every day.
IMF is wary of governments piling up unsustainable levels of debt
The global financial institution has acknowledged difficulties in assessing the problem among developing nations.