G-20 agrees to 'common framework' for debt relief
The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
Founded in 1944, the Washington-based World Bank Group provides financial and technical assistance to developing countries around the world. Its mission is to fight poverty and to help people help themselves and their environment.
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The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
The final phase of a race to become WTO's next director-general began with two well-qualified women from Nigeria and South Korea vying for the top post.
Experts cautioned a move by the world's richest countries to give the poorest ones more time to pay off debts will not do enough to alleviate massive suffering.
The pandemic-hit global economy is expected to contract by as much as 4.4% this year, the International Monetary Fund forecast.
A new report found disasters due to weather may force nearly 162 million people to seek humanitarian aid by 2030, almost 50% more than in 2018.
Leaders at a high-level U.N. meeting lamented the world's slow progress over the past quarter-century for advancing the rights of women and girls.
More than 30 nations pledged to help 10 international organizations raise US$35 billion for fast-tracking coronavirus tests, medicines and vaccines.
Four anti-poverty international organizations called on G-20 finance ministers to cancel debts in poor nations so they can deal with the COVID-19 pandemic.
Eight contenders from Britain, Egypt, Kenya, Mexico, Moldova, Nigeria, Saudi Arabia and South Korea have until September 7 to campaign for the job of WTO chief.
The world generated 53.6 million metric tons of electronic waste in 2019, more than one-fifth higher than the amount discarded five years earlier.
The embattled WTO shifted to selecting a new director-general in an expected race between candidates from Mexico, Africa and Europe.
Humanitarian organizations offered guidelines to help 1.5 billion students who face "an unprecedented risk" if the pandemic keeps schools closed for long.
The African Development Bank Group launched emergency measures to provide up to US$10 billion in credit for those struggling with the coronavirus pandemic.
Leaders of G-20 major economies promised to spend more than US$5 trillion to prop up the global economy and hasten recovery from the pandemic.
WHO and two international foundations launched a first-of-its-kind fund to help vulnerable populations and weak health systems cope with the pandemic.
Trade economists who advise the U.N. warned COVID-19 could cost the world economy up to US$2 trillion in 2020 and push nations into recession.