World Bank slashes economic recovery for Asia
East Asia and the Pacific region’s recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, …
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Debt ceiling fight pits corporate America against Republicans
The debt ceiling battle on Capitol Hill is pitting corporate America against congressional Republicans in a test for business groups that have historically aligned with GOP lawmakers on economic issues. …
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Another IMF Loan Feared For Kenya
Kenya is suffering from a financial crisis, and the government has invited the IMF back. But those who survived the IMF and World Bank Structural Adjustment Programmes of the ’80s …
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Oil-rich Kuwait faces looming debt crisis
When Kuwait emerged from a months-long coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike much of …
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Zimbabwe’s odious debts
Civil society organisations have called for an audit of Zimbabwe’s national debt, as inequality and poverty grasp the economy. This comes at a time the World Bank projects further GDP …
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The debt crisis looming for poor countries
A growing number of poor countries, some already in humanitarian crisis, will soon have to choose between servicing their lenders or helping their most vulnerable citizens, as the World Bank …
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A large consideration
The UK is in hock to a discordant tune of trillions. Who should pay the piper? Alex Tziamalis writes. Consider debt. The UK owes nearly £2 trillion and now, with …
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Shorn of the debt
Peter Manley describes the horrors of walking dead companies and the dangers in killing them off. The Coronavirus pandemic has put much of the world’s economy on financial life support, …
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Coronavirus may trigger debt emergency across Africa, new study finds
Many African countries could default on debt payments due to increasing repayment costs, precipitated by weak currencies, a ripple effect of the pandemic. But it may also spark digitalization across …
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