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#developingworld

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Wen<p>Debt is crushing the developing world</p><p>A reminder and something that has been ignore by many in the West, most governments willing to turn a blind eye to the plundering of already poor countries by the companies that they regulate.</p><p><a href="http://archive.today/2025.06.02-041422/https://www.ft.com/content/29a0f7fa-1871-4012-a730-48717fc61ecb" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">http://</span><span class="ellipsis">archive.today/2025.06.02-04142</span><span class="invisible">2/https://www.ft.com/content/29a0f7fa-1871-4012-a730-48717fc61ecb</span></a> (archive)</p><p><a href="https://mastodon.scot/tags/Debt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Debt</span></a> <a href="https://mastodon.scot/tags/DevelopingWorld" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DevelopingWorld</span></a> <a href="https://mastodon.scot/tags/Theft" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Theft</span></a> <a href="https://mastodon.scot/tags/Profiteering" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Profiteering</span></a> <a href="https://mastodon.scot/tags/Misery" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Misery</span></a> <a href="https://mastodon.scot/tags/Stiglitz" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stiglitz</span></a> <a href="https://mastodon.scot/tags/FT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FT</span></a></p>
Ms. Que Banh<p><a href="https://beige.party/tags/Azerbaijan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Azerbaijan</span></a> has announced a $1bn fund to invest in <a href="https://beige.party/tags/ClimateAction" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateAction</span></a> projects in the <a href="https://beige.party/tags/DevelopingWorld" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DevelopingWorld</span></a>, to help <a href="https://beige.party/tags/VulnerableNations" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>VulnerableNations</span></a> build resilience to <a href="https://beige.party/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateChange</span></a> risks, including <a href="https://beige.party/tags/floods" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>floods</span></a> and <a href="https://beige.party/tags/droughts" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>droughts</span></a>.</p><p>This was announced as a prelude to the UN Climate Change Conference <a href="https://beige.party/tags/COP29" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>COP29</span></a> – being held in November this year – by COP29 President-Designate Mukhtar Babayev at a news conference on Friday.</p><p>The <a href="https://beige.party/tags/Climate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Climate</span></a> <a href="https://beige.party/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Finance</span></a> <a href="https://beige.party/tags/ActionFund" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ActionFund</span></a> <a href="https://beige.party/tags/CFAF" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CFAF</span></a> will be capitalised with contributions from <a href="https://beige.party/tags/FossilFuel" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FossilFuel</span></a> producing countries and companies across <a href="https://beige.party/tags/oil" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>oil</span></a>, <a href="https://beige.party/tags/gas" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>gas</span></a> and <a href="https://beige.party/tags/coal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>coal</span></a>, and Azerbaijan will be a founding contributor, he said.</p><p><a href="https://www.dawn.com/news/amp/1846748" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">dawn.com/news/amp/1846748</span><span class="invisible"></span></a></p><p><a href="https://beige.party/tags/Geopolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Geopolitics</span></a> <a href="https://beige.party/tags/Environmental" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Environmental</span></a> <a href="https://beige.party/tags/EcoJustice" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EcoJustice</span></a> <a href="https://beige.party/tags/EcoFinance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EcoFinance</span></a> <a href="https://beige.party/tags/ClimateFunding" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateFunding</span></a> <a href="https://beige.party/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateCrisis</span></a> <a href="https://beige.party/tags/GlobalSouth" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalSouth</span></a> <a href="https://beige.party/tags/EnvironmentalAction" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EnvironmentalAction</span></a></p>
Norobiik @Norobiik@noc.social<p>"Here is a simple moral proposition. No one in <a href="https://noc.social/tags/America" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>America</span></a>, or anywhere in the world, should die or suffer unnecessarily because they cannot afford a <a href="https://noc.social/tags/PrescriptionDrug" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PrescriptionDrug</span></a> which, in many cases, costs a few cents or a few dollars to manufacture." - Senator Bernie Sanders </p><p>Poor people in the <a href="https://noc.social/tags/DevelopingWorld" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DevelopingWorld</span></a> have a right to <a href="https://noc.social/tags/medicine" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>medicine</span></a> | Bernie Sanders | The Guardian<br><a href="https://www.theguardian.com/commentisfree/2023/nov/20/poor-people-in-the-developing-world-have-a-right-to-medicine?utm_source=press.coop" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/commentisfree/</span><span class="invisible">2023/nov/20/poor-people-in-the-developing-world-have-a-right-to-medicine?utm_source=press.coop</span></a></p>
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