Developing countries are calling for more funding and for changes at the World Bank.
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The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.
What happens when you owe more on your mortgage than your house is worth? Negative equity is a growing concern for some homeowners, but how real are the risks?
Debt swaps in some countries have involved commitments to protect the ocean.
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Many small island nations are struggling to protect their land from rising seas while also facing paralyzing debt.
Various scholars weigh in on the state of Ghana’s economy, how it got into this situation and on the IMF’s involvement.
Nigeria’s 2023 budget may not address food inflation.
Nigeria’s 2023 budget could worsen the country’s cycle of deficits and debts.
Ghana is engaging the IMF over a bailout.
Ghana’s sovereign risk has been downgraded to near junk status by ratings agencies in recent times.
The growth of Islamic banks provides Muslims living in North America with options that reflect their beliefs.
Shariah law informs financial contracts and credit systems, and the growth of Islamic financing options provides an alternative to current debt-based banking systems.
Image by Michal Jarmoluk from Pixabay
As with any major financial decision, you need to understand how the renovation fits with your broader life goals. Why do you want to do it?
Finally: the first shipment of Ukrainian grain arriving in Istanbul this week en route for Lebanon.
The deal to restart grain shipments won’t bring food prices back to pre-war levels.
Ukrainian president Volodymyr Zelensky and G7 ambassadors visit the port of Odesa, a vital export hub for Ukraine’s agricultural products.
Ukrainian Presidential Press Service / EPA-EFE
The long-term economic outlook for Ukraine as it manages the effects of the Russian invasion
Ghana has struggled to find balance with its power generation.
Ghana’s power sector is mired in debt and excess production.
Part of a restoration edict of Ammisaduqa, one of the rulers of ancient Babylon.
© The Trustees of the British Museum
A scholar of the ancient Near East explains how loan forgiveness was handled thousands of years ago in the Bible and royal decrees.
The writing was on the wall in Sri Lanka.
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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.
Children queue for porridge in Harare, the capital of Zimbabwe during the height of the COVID pandemic.
Photo by Tafadzwa Ufumeli/Getty Images
A return to debt sustainability will create room for African policy makers to stave off risks to the post-pandemic recovery.
Ghana’s borrowing has it on the verge of debt distress.
There are a number of reasons why Ghana’s domestic borrowing is more expensive than foreign debt.
A general view shows the Standard Gauge Railway train constructed by the Chinese Communications Construction Company and financed by Chinese government.
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The fear that borrowers’ strategic assets are at risk from Chinese banks continues to fail the test of evidence.
Ghana’s economy is in dire straits.
Ghana’s economy is in its most precarious state in decades.
A Puerto Rican man passes buildings for lease in San Juan, Puerto Rico, on May 16, 2017.
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Puerto Rico has reached an agreement to partially settle its historic bankruptcy crisis. But public cuts to education and health care are unlikely to ease, creating ongoing challenges for Puerto Ricans
Student loan borrowers save a collective of $7.1 billion per month thanks to the loan pause.
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Student loan forgiveness doesn’t benefit the economy the way some advocates believe it would, an economist argues.
Parents who borrow for their children’s college education say finances control their lives.
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Student loan debt can hurt borrowers, but the pain is even greater when the borrower is taking out a student loan for their child, new research shows.