Climate : Divergences on contributors & recipients of new finance goal (PRIV)
(Indrajit Bose, New Delhi)
Divergences between developed and developing countries arose over who are to be contributors and recipients o f the new finance goal, at discussions during the first meeting under the Ad Hoc Work Programme (AHWP) on the New Collective Quantified Goal on Climate Finance (NCQG) under the Paris Agreement (PA), which convened in Cartagena, Colombia from 25-26 April 2024.

Finance : Cross-border bank claims fell by $377 billion in Q4 2023, says BIS (PRIV)
(Kanaga Raja, Penang)
Cross-border bank claims fell by $377 billio n in Q4 2023, as banks in several advanced economies (AEs) reported lower derivatives claims on the United Kingdom, a centre for derivatives clearing , according to the Bank for International Settlements (BIS).

Finance : US dollar credit to EMDEs saw up-tick in Q4 2023, says BIS (PRIV)
(Kanaga Raja, Penang)
US dollar credit to emerging market and developing economies (EMDEs) rose by $12 billion in Q4 2023, reversing a decline in Q3, the Bank for International Settlements (BIS) has said.