Exacerbated by COVID-19 and building on economic and climate challenges, a major debt crisis is brewing in the developing world. The International Monetary Fund projects that average GDP in emerging market and developing countries will decline 3.3% in 2020. These developments make existing

Joe Biden’s victory in the U.S. presidential election offers new hope in the fight against climate change, both within U.S. borders and around the globe. During his first speech as president-elect, Biden committed to restore the United States’ standing in

COVID-19 continues to sweep across the world, and has now spread from the developed world to the global South. With rural populations making up three-quarters of the world’s poor, the impact of the pandemic will inevitably be most devastating in developing

The ocean economy, which contributes upwards of $1.5 trillion in value added to the global economy, was particularly hard hit by the COVID-19 pandemic, with a projected loss of $1.9 billion for international shipping carriers alone. Coastal communities were hardest hit,

On May 27, the European Union unveiled a €750 billion ($826 billion) recovery proposal as a centerpiece of its economic response to the coronavirus crisis, while also increasing its existing budget. EU officials have said that 25% of the stimulus package will be

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