The cost of living crisis is affecting UK households, but there are options to consider if you’re having problems repaying debt such as mortgages and credit cards.
South Africa’s minister of finance should have used the bailout of Eskom to fast-track its split and introduce the private sector into the electricity sector.
Emerging economies such as Brazil, Egypt, India, and Indonesia are vital global players. Saving them from possible debt default may improve the world’s resilience against the looming global recession.
Low-income countries that sought to spend more on health care during the pandemic have been hit with ratings downgrades, while others avoided borrowing entirely.
African countries should tread carefully over the debt relief offered by multilateral institutions and other lenders. It could prove very costly in the medium to long term.
About 10 million borrowers in the government’s main student loan program are struggling to make their payments, yet unlike other types of debt, it’s next to impossible to have it forgiven.
The increasing importance of non-traditional donors such as China has meant that the economic and political stronghold of Western countries in sub-Sahara Africa has gradually ebbed.