Latest Development aid News

EU adds Anguilla, Bahamas, Turks and Caicos to tax blacklist

Oct. 04, 2022 07:26 AM EDT

BRUSSELS (AP) — The European Union added the Bahamas and the Turks and Caicos Islands to its tax haven blacklist Tuesday, and also put Anguilla back on as a “non-cooperative jurisdiction” just a year after it was removed. The EU said it made the additions largely due to...

Latin America development bank axes chief after ethics probe

Sep. 26, 2022 18:28 PM EDT

MIAMI (AP) — Governors of the Inter-American Development Bank have voted to fire its president, Mauricio Claver-Carone, after an ethics probe found he likely carried on an intimate relationship with a subordinate. The governors from the IADB's 48 members had until Tuesday to vote...

Governors of the Inter-American Development Bank have voted to fire its president following an ethics investigation

Sep. 26, 2022 14:56 PM EDT
MIAMI (AP) — Governors of the Inter-American Development Bank have voted to fire its president following an ethics investigation.

Afraid and anxious, young protesters demand climate action

Sep. 23, 2022 18:13 PM EDT

NEW YORK (AP) — Frustrated, anxious but also a tad hopeful, young activists staged a coordinated “global climate strike” Friday to highlight the effects of global warming and demand more aid for poor countries hit by wild weather. In New York, as leaders of developing...

USAID head urges crisis-hit Sri Lanka to tackle corruption

Sep. 11, 2022 10:31 AM EDT

COLOMBO, Sri Lanka (AP) — A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside efforts to uplift the country's economy as a way out of its worst crisis in recent memory. USAID Administrator Samantha Power...

Australian FM warns East Timorese against Chinese debt

Aug. 31, 2022 23:49 PM EDT

CANBERRA, Australia (AP) — Australia’s foreign minister used a visit to East Timor on Thursday to warn the nation against going into “unsustainable debt” to the Chinese on a major gas project. Foreign Minister Penny Wong said she discussed with East Timorese President Jose...

UN warns 6 million Afghans at risk of famine as crises grow

Aug. 30, 2022 00:38 AM EDT

UNITED NATIONS (AP) — Warning that Afghanistan faces deepening poverty with 6 million people at risk of famine, the U.N. humanitarian chief on Monday urged donors to restore funding for economic development and immediately provide $770 million to help Afghans get through the winter as the United...

USAID chief calls on China to restructure Sri Lanka's debt

Jul. 27, 2022 11:05 AM EDT

NEW DELHI (AP) — The head of the U.S. government aid agency called on China on Wednesday to help Sri Lanka and other nations that had borrowed heavily from Beijing with debt restructuring, not just with lines of credit and emergency loans. Samantha Power, the administrator for the...