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.
Arun Sankar/AFP via Getty Images
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.
Simon Maina/AFP via Getty Images
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.
Mark Ralston/AFP via Getty Images
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.
Pekic/E+ via Getty Images
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.
kali9/E+ via Getty Images
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.
The number of New Zealanders with ‘negative net wealth’ is large and growing – reflecting widening economic inequality that remains an urgent political priority.
Visitors take photos near a model of the doll Younghee featured in ‘Squid Game,’ displayed at the Olympic park in Seoul, South Korea, on Oct. 26, 2021.
(AP Photo/Lee Jin-man)
Squid Game alludes to anti-worker violence that has permeated South Korean labour history, and reminds viewers of the need to overcome real inequalities.
The commentary made by the hit show may seem absurd, but it’s uncomfortably close to the truth.
In the hit Korean Netflix show ‘Squid Game,’ players are required to sign dubiously ethical contracts as their lives are assigned monetary value.
The show is violent fantasy emerging from the desperation experienced by those in crippling debt.
The unanticipated popularity of the Korean show ‘Squid Game’ highlights our relationship to debt and capitalism, but the contradictions extend beyond the show itself.
Instead of blaming young people for eating too many avocado toast breakfasts, we need a better understanding of the economy and society they are growing up in.
Would a default mean an end to the dollar’s position as the go-to trading currency?
AP Photo/Jacquelyn Martin
An economist explains why defaulting on the national debt would result in economic crisis.
Currently, the total outstanding federal student loan debt is $1.7 trillion.
Suzanne Kreiter/The Boston Globe via Getty Images
As federal student loan debt continues to rise, a number of scholars discuss how debt affects the nation’s college students, graduates and the economy as a whole.
Nigeria’s economy is struggling to recover from fluctuating oil price, inflation and impact of COVID-19 pandemic.
Photo by Pius Utomi Ekpei/AFP via Getty Images
To non-economists, the World Bank ranking Nigeria fifth on the list of its top ten debtor countries is alarming. A deeper analysis shows there is no cause for concern.