The world’s 58 poorest countries—home to 1.4bn people—grew by 3.7% a year between 2004 and 2014, against average annual growth of just 1.4% in the OECD club of mostly rich countries.

The Central African Republic, with a total GDP of $3.03 billion and a population of 5,849,358, ranks as the third poorest country in the world. Despite its abundant reserves of gold, ...

Countries in AP’s analysis had as much as 50% of their foreign loans from China and most were devoting more than a third of government revenue to paying off foreign debt.

Climate funding deal for third-world countries divisive. The Associated Press. Tue, November 26, 2024 at 10:00 PM UTC. ... Speaking for nearly 50 of the poorest nations of the world, ...

Indeed, some innovations began in a poor country and only reached richer ones later. Kenya’s M-Pesa mobile payment system, for example, took off well before similar apps did in the United States.

Soaring inflation saddled developing countries with a record $1.4 trillion in debt servicing costs last year, the World Bank said in a report published on Tuesday, detailing the precarious state ...

Countries in AP’s analysis had as much as 50% of their foreign loans from China and most were devoting more than a third of government revenue to paying off foreign debt.