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The International Monetary Fund has endorsed the Reserve Bank’s tough monetary policy – while warning rates might need to rise again if the fight against inflation stalls. A report after IMF staff visited…
Many African countries are spending too much money on repaying debt at the expense of health and education. Children in southern Kenya attend classes under an acacia tree.
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A two-part new approach to helping countries manage their debt would improve the situation for governments as well as their creditors.
Anura Kumara Dissanayake’s celebrates his vote.
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Anura Kumara Dissanayake touted his victory as a ‘fresh start’ for the South Asian nation, two years after it came to the brink of economic collapse.
Debt restructuring eases the pressure on government finances by reducing periodic repayments.
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Unless Kenya secures a write-off or other debt-reducing deal, it will almost certainly default.
A shop owner counts Ethiopian birr notes in his stall at the Shola Market in Addis Ababa.
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Ethiopia’s macroeconomic policy shift holds the promise of significant progress, but success is far from certain.
Sudanese men harvest onions, weeks into the conflict between the army and the militia group RSF.
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August 13, 2024
Khalid Siddig , International Food Policy Research Institute (IFPRI) ; James Thurlow , International Food Policy Research Institute (IFPRI) ; Josée Randriamamonjy , International Food Policy Research Institute (IFPRI) ; Mariam Raouf , International Food Policy Research Institute (IFPRI) , and Mosab Ahmed , International Food Policy Research Institute (IFPRI)
Despite its stark reality, there is a potential path forward for Sudan if peace can be found.
Kenyan anti-riot police officers patrol close to the Kibera informal settlement amid protests over high food prices in March 2023 in Nairobi.
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President Ruto’s re-awakening of class identities has shifted the character of Kenya’s politics in ways even he could not have predicted.
Bretton Woods in session, July 1944.
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The 1944 conference to create a post-war international monetary system marked the beginning of America’s global dominance.
Protesters dress as G7 leaders during the IMF-World Bank Spring Meetings in Washington, DC.
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South Africa should encourage the G20 to commission studies on the challenges that the international community faces, and suggest responses.
The upgraded Kudube pedestrian bridge in Hammanskraal, South Africa.
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Development finance addresses the failures or limitations of financial institutions such as commercial and investment banks.
The government has been warned.
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Cuts could really help squeezed households.
Zambia’s foreign debt stalemate handicaps the country’s ability to raise funds for education and health.
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The current approach to debt restructuring has failed Zambia.
Recent teachers’ protest in Colombo.
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Sri Lanka is just one of a number of countries in which IMF loan conditions appear to be mainly burdening supporters of the opposition.
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Infrastructure is always a vexed issue. The program is full of pork barrelling, whoever is in power. Even when that’s not involved, what to build and when it should be built is often contested.
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In this podcast, independent economist Chris Richardson joins The Conversation to discuss a rate rise, "sticky" inflation, the fall in the standard of living, and a bleak prospect as we go into 2024.
IMF managing director Kristalina Georgieva during the World Bank Group and IMF meetings in Washington in April 2023.
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Many sources of finance, including those from the World Bank and IMF, don’t adequately cater for African nations’ specific needs.
Radical conservative Javier Milei is ahead in polls to become next president.
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The IMF’s US57 billion bailout to Argentina in 2018 was the biggest loan it has ever extended.
Sri Lanka is among the countries facing the risk of debt distress.
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Almost two-thirds of low-income countries are at risk of debt distress – in part because of higher borrowing costs. And that isn’t the only problem.
Ethiopia’s Prime Minister Abiy Ahmed (left) with China’s President Xi Jinping in Beijing in 2018.
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There is increased demand to join BRICS in the emerging world order, partly as a countervailing power to “the west”.
The rise in extreme weather events dent into developing countries’ budget and raise their debt interest rates.
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This week’s summit for a “New Global Financing Pact” will look to secure some much-needed climate cash for developing countries, while ensuring their debt remains manageable.