The rating agency demoted the US government’s creditworthiness to AA+, its second-highest ranking, on Aug. 1, 2023.
Replacing ships like the Moskva will be pricey. The flagship of Russia’s Black Sea Fleet recently sank after suffering damage.
Russian Defense Ministry Press Service via AP
Russia is on the verge of defaulting on its foreign debt, which not only could have severe economic consequences but could also complicate Putin’s ability to wage a prolonged war in Ukraine.
A grant from the Chinese government will make way for a multimillion-dollar fishing port complex in Accra, Ghana.
Nipah Dennis/AFP via Getty Images
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.
To meet the needs of its youthful population, African businesses must expand and governments must invest in infrastructure.
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A blanket solution to Africa’s debt burden risks costing African countries dearly in terms of access to international capital markets and the relatively lower cost of borrowing.
Jakarta’s shortcomings as a capital are obvious: it has headline-grabbing problems with congestion, pollution, and land subsidence.
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Indonesian President Joko “Jokowi” decision to relocate the country’s capital is seen as an effort to shift economic activity and address infrastructure gaps outside of Java and Sumatra.
L’Oréal headquarters in Clichy, France. The firm is family owned, and while it has extensive experience in capital markets, many other family-owned enterprises are hesitant to take such a step.
Arthur Weidmann/Wikimedia
Family firms can attract investor interest, yet owners are often reluctant to offer equity. New research indicates that concerns of potential interference and emotions are two of the key issues.
Embracing sustainable finance will help Canada build a green economy — and ensure all Canadians will flourish.
Gustavo Quepo/Unsplash
Africa should be concerned about news that the World Bank is looking to migrate from the model that largely relies on funding member states to become a broker of private capital.
Viana, near Luanda, Angola. China has played a major role in funding infrastructure projects in Africa but the deficit remains huge.
Reuters/Siphiwe Sibeko
Since time immemorial, huge infrastructure projects have been financed with funds from the capital markets. Africa should not rely on development finance institutions.