Economic development
Process and policies to improve economic well-being
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| May 30 2025 |
Trillion dollar club
United States projected to be part of the Trillion Dollar Club in macroeconomics, representing a significant milestone in global economic status
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| 2025 |
Developing country
Indonesia becomes the tenth member country of the BRICS organization.
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| May 18 2025 | A board member position is scheduled to become vacant on May 18, 2025. |
| 2025 |
Gwadar Port
Planned completion of first phase of Gwadar Special Economic Zone, with manufacturing and processing industries to be developed.
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| April 16 2025 |
Trillion dollar club
Switzerland projected to potentially join the trillion dollar club of economies in the current economic analysis
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| April 10 2025 |
Department of Economy, Planning and Development
Ferdinand Marcos Jr. signed the Economy, Planning, and Development Act (Republic Act No. 12145), transforming the agency into a full-fledged executive department. The law was set to take effect 15 days after its first publication in the Official Gazette or a newspaper of general circulation.
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| 2025 | IDB President Ilan Goldfajn announced the intention to increase financing capacity by an additional $130 billion over a decade. |
| April 2025 | The IPA was superseded by the National Infrastructure and Service Transformation Authority (NISTA), marking the end of its operations after approximately nine years of service. |
| April 2025 | NISTA to be established as a joint unit of the Treasury and Cabinet Office, with Darren Jones as the responsible minister. |
| March 23 2025 |
China Development Forum
The annual China Development Summit Forum 2025 was held in Beijing, organized by the Development Research Center of the State Council and hosted by the China Development Research Foundation. The forum's theme focused on 'Comprehensively Unleashing the Dynamic Energy of Development and Promoting Stable Growth of the Global Economy'.
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| 2025 |
Urbanization in China
China's goal to urbanize 250 million citizens as part of a long-term green modernization plan.
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| 2025 | With Donald Trump's election, the proposed Department of Government Efficiency (DOGE) targets the Southern Crescent Regional Commission for potential elimination from the federal budget. |
| 2025 |
UNDP South Africa
UNDP South Africa aims to complete a just transition to a low-carbon society and improve resilience of vulnerable communities to climate change effects by this year.
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| 2025 |
Trillion dollar club
India is projected to join the trillion-dollar club, marking a significant economic achievement for the country.
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| January 1 2025 | Roy Cooper left office as Governor of North Carolina. |
| 2024 |
Developing country
Egypt, Ethiopia, Iran, and United Arab Emirates are added to the BRICS organization, significantly expanding its membership.
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| 2024 |
Kudumbashree
The State Level Arts Festival Competition was organized in Kasaragod, continuing the annual tradition of showcasing Kudumbashree members' artistic talents.
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| 2024 | Tennessee Valley Authority CEO Jeff Lyash received a total compensation of $10,500,000, which sparked significant public criticism regarding executive pay. |
| 2024 | A recapitalization and new, pro-mobilization business model for IDB Invest was approved. |
| 2024 |
Kudumbashree
During the Wayanad landslides, Kudumbashree contributed Rs 20,60,25,388 to the Chief Minister's Distress Relief Fund (CMDRF) and prepared Micro Plans for those affected, working closely with the Wayanad District Administration to support disaster recovery.
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| 2024 | By this year, eight countries had graduated from the Least Developed Countries list, indicating progress in socioeconomic development. |
| 2024 | Rwanda, Uganda, and Tanzania met the LDC graduation criteria for the first time. |
| 2024 |
Transition town
Psychological work related to Transition Network's inner transformation continued, focusing on emotional adaptation to a low-energy world and community resilience.
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| December 2024 | São Tomé and Príncipe graduated from Least Developed Country status. |
| December 31 2024 |
Urbanization in China
China reaches an urban population rate of 67%, demonstrating significant progress in national urbanization efforts since the reform policy's introduction.
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| December 1 2024 | China eliminates tariffs for goods imported from 33 African least developed countries and 10 non-African least developed countries with which it has diplomatic relations, including Yemen, Kiribati, Solomon Islands, Afghanistan, Bangladesh, Cambodia, Laos, Myanmar, Nepal, and East Timor. |
| October 2024 | Sir John Armitt's chairmanship extended by six months to oversee development of a 10-year strategy and NISTA's creation. |
| August 2024 | Muhammad Yunus was appointed as chief adviser to Bangladesh's interim government, during which several Yunus Centre-affiliated organizations received significant regulatory approvals, including Grameen University, a manpower export licence for Grameen Employment Services Limited, and a digital wallet licence for a Grameen Telecom concern. |
| June 2024 | North Carolina Democratic Governor Roy Cooper was appointed to serve as state co-chair of the Southeast Crescent Regional Commission. |
| May 2024 |
Transition town
As of May, the Transition Towns movement had 992 registered groups and 21 established hubs, continuing its global expansion and community-driven approach to sustainability.
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| May 2024 | The Labour Party announced plans to merge the IPA with the National Infrastructure Commission, creating the National Infrastructure and Service Transformation Authority (NISTA). |
| May 18 2024 | Adam Wade White appointed as board member of the Tennessee Valley Authority, with a term set to expire on May 18, 2027. |
| May 18 2024 | William J. Renick appointed as Chairman of the Tennessee Valley Authority board, with a term set to expire on May 18, 2027. |
| March 2024 | NABSAMRUDDHI launched the first phase of a nationwide funding awareness campaign called 'Climate Ready WASH', targeting women joint liability group (JLG) borrowers of microfinance institutions to promote sustainable rural development. |
| March 24 2024 |
China Development Forum
The China Development Forum 2024 was held in Beijing from March 24 to March 25, with the theme 'The Continuous Development of China'.
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| January 1 2024 | Dr Tayo Aduloju officially assumed the role of CEO of the Nigerian Economic Summit Group. |
| 2023 | The NESG announced the appointment of Dr Tayo Aduloju as the new Chief Executive Officer (CEO), to be effective from 1 January 2024. Prior to this appointment, Dr Aduloju served as the Chief Operating Officer (COO) and Senior Fellow, Economic Policy, Strategy, and Competitiveness of the NESG. |
| 2023 |
Developing country
Croatia was graduated from a developing to an advanced economy by the IMF.
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| 2023 |
Kudumbashree
Two significant events occurred: the State Level Arts Festival Competition was held in Thrissur, and a Special Category was introduced for Auxiliary Group Members.
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| 2023 | NABCONS was involved in supporting the Kerala state agriculture department's initiative to create the first-ever Digital Crop Survey (DCS), preparing to implement the innovative agricultural data collection programme. |
| 2023 | Provided emergency response after the Turkey–Syria earthquake. |
| 2023 | IDB Invest had a 'record year', with total activity surpassing $10 billion, including $5.3 billion in mobilized resources from private investors. |
| 2023 | SNV achieved a significant financial milestone, realizing €163.3M in revenue, demonstrating the organization's growth and impact in international development. |
| 2023 |
China Development Forum
Premier Li Qiang attended the forum, focusing on building foreign investment confidence by emphasizing China's commitment to continued openness.
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| 2023 |
Urbanization in China
Urban population reaches 66.16%, indicating ongoing urban growth and demographic transformation.
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| 2023 |
Urbanization in China
Chinese state portrays urbanization of rural people as crucial for building a more equitable society and improving the relationship between society and the environment.
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| 2023 |
Trillion dollar club
Turkey achieved trillion-dollar GDP status, highlighting its economic growth and resilience.
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| 2023 |
Trillion dollar club
The United States became part of the 'trillion dollar club', representing major economies with significant economic scale and global economic influence.
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| 2023 |
Trillion dollar club
France joined the Trillion Dollar Club, indicating its substantial economic standing and reaching the trillion-dollar economic threshold.
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This contents of the box above is based on material from the Wikipedia articles National Infrastructure Commission, Kudumbashree, Transition town, Inter-American Development Bank, Southeast Crescent Regional Commission, Yunus Centre, Malteser International, Trillion dollar club (macroeconomics), ACORN International, Urbanization in China, Department of Economy, Planning and Development, National Bank for Agriculture and Rural Development, UNDP South Africa, Tennessee Valley Authority, China Development Forum, Least developed countries, Gwadar Port, Nigerian Economic Summit Group, Developing country, SNV Netherlands Development Organisation & Infrastructure and Projects Authority, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.