Debt

Middle East

World Bank, IMF consider linking debt relief to climate efforts | Climate Change News

The new initiative would focus on ‘systematically changing whole economies,’ a source tells Reuters. The World Bank and the International…

Read More »
Asia

‘Vaccine policy is economic policy,’ IMF chief stresses | Business and Economy News

Both the IMF managing director and World Bank president expressed alarm over growing global economic inequality on Wednesday after a…

Read More »
Latin America

Credit Suisse estimates Archegos loss at $4.7bn, shakes up board | Debt News

Credit Suisse Group AG on Tuesday announced an estimated loss of 4.4 billion Swiss francs ($4.7bn) from its relationship with…

Read More »
Africa

New IMF reserves could fund vaccines in poor nations: Rockefeller | Business and Economy News

G20 is expected this week to back $650bn in new IMF allocations to help countries cope with COVID pandemic. Moves…

Read More »
Africa

China demands secrecy in its loans to developing countries: Study | Coronavirus pandemic News

The terms of China’s loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese…

Read More »
Africa

New chapter: News Corp to buy Houghton Mifflin unit for $349M | Arts and Culture News

Houghton Mifflin, which has struggled financially for years, says it will use some of the proceeds from the sale of…

Read More »
Middle East

Sudan to access $2BN in World Bank grants after settling debts | Debt News

Sudan is still seeking relief from some $56bn in external debt owed to international financial institutions, official bilateral creditors and…

Read More »
Africa

US students defrauded by colleges could see full debt relief | Business and Economy News

Defrauded students who received only partial relief from their federal student loan obligations could now see that entire debt wiped…

Read More »
Asia

Nobel Prize economists call for vaccine equity and debt relief | Business and Economy News

Nobel Prize-winning economists Joseph Stiglitz and Michael Spence are spearheading calls for urgent action to help poorer countries recover from…

Read More »
Latin America

A year into pandemic, pressure builds to fix economic inequality | Business and Economy News

A year ago, as the global economy was melting down, I highlighted the silver lining that could emerge from the…

Read More »
Asia

Economist who predicted 2018 Turkish crash warns of boom and bust | Business and Economy News

Back in 2017, when Turkey’s economy was booming faster than China’s, Renaissance Capital’s Charles Robertson predicted that it would not…

Read More »
Latin America

US debt projected to balloon to more than double GDP by 2051 | Debt News

The non-partisan Congressional Budget Office warned that by 2051, the United States’ debt will skyrocket to 202 percent of its…

Read More »
Back to top button