Global public debt soars to record $97 trillion, straining budgets
Developing nations' 30% share of global public debt in 2023, particularly in Asia and Oceania, rose from 16% in 2010.
The Group of 20 is the premier international forum for economic cooperation, bringing together the world's major economies to address global financial and economic challenges. Its members represent over 80% of global GDP and two-thirds of the world's population, making it a critical body for policy coordination on issues from trade to climate change and sustainable development.
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Developing nations' 30% share of global public debt in 2023, particularly in Asia and Oceania, rose from 16% in 2010.
The number of people facing high levels of acute food insecurity has increased every year since 2019.
This year and next mark the countdown to a 2025 deadline for governments to strengthen their carbon-cutting plans.
Non-veto wielding nations have tried for years to reform the U.N.'s post-World War II power structure with little success.
A handful of fossil fuel producers show no interest in a strong, restrictive and legally binding instrument for plastic pollution.
Emissions must decrease 42% by 2030 to keep the 1.5° target alive. Instead, they're expected to rise 3% by then.
Some 1,475 out of 4,000+ governments and businesses had net zero emissions targets, but "integrity" measures are lacking.
As interest rates soar and the economy slows, the World Bank sees an 'enduring setback' for many developing economies.
South Africa's President Cyril Ramaphosa pushed for A.U. membership as a needed step to confront climate change.
Recovering from the nearly three-year COVID-19 pandemic is a priority for the organization along with dealing with climate change, food shortages and inflation.
The G-20 summit in Bali, Indonesia, ended with a statement that notes U.N. resolutions deploring Russia's aggression.
Biden and Xi signaled a deal was struck after a three-hour meeting in Bali, Indonesia on the sidelines of a Group of 20 major economies summit. Beijing had suspended climate talks with Washington in August to protest a visit to Taiwan by House Speaker Nancy Pelosi, Democrat of California.
Alongside the G-20, Biden and Xi discussed working together on climate, debt relief, health and global food security.
Rising tensions between the United States and China and Myanmar's descent into widespread violence dominated talks among a 10-nation bloc of Southeast Asian leaders.
Indonesia's foreign minister called on top diplomats from the Group of 20 major economies to help end Russia's war in Ukraine "sooner than later."
The world is "sleepwalking" towards ruin as the coronavirus and Russia's war in Ukraine put a 1.5 degrees C. limit further out of reach, the U.N. chief said.