An expert on Sri Lanka’s economy identifies and explains three key challenges that Ranil Wickremesinghe will have to overcome if he hopes to steer the country out of its crisis.
Global economic policy excludes low-income countries from the spending options that developed nations use to buffer their economies in times of crisis, and the pandemic has inflamed that inequality.
China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
Deputy Prime Minister Barnaby Joyce said that when the Coalition lost government in 2007, Australia was owed billions by the world – but that when the Coalition regained power in 2013, Australia was in debt. Is that right?
South Africa’s current economic situation is reminiscent of events in 1985 when the economy nearly collapsed. This article, first published last year, looks at the similarities.
The expected departure of Ngozi Okonjo-Iweala as Nigeria’s finance minister will leave Nigeria and sub-Saharan Africa without a significant voice in the IMF and World Bank.
Election campaigns in Australia often seem to crystallise around the dire performance of a single economic indicator. In the 1996 election, it was the size of Australia’s foreign debt (Peter Costello argued…