Parliament will almost certainly rubber-stamp Finance Minister Tito Mboweni’s supplementary budget.
National Treasury is incapable of coming up with the sweeping governmental, social and economic changes required to dig South Africa out of its economic hole.
Vladi333 / shutterstock
The world economy collapsed when homeowners couldn't repay subprime mortgages. We're now making a similar bet on 'repaying' carbon emissions.
Turkish president, Recep Tayyip Erdoğan.
President Erdoğan is accusing the West of striving to destabilise Turkey.
An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
Venezuela urgently needs financial assistance, but the regime of Nicolás Maduro has few international allies.
AP Photo/Ricardo Mazalan
China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
Few Puerto Ricans expect the Trump administration to help the island as it did hurricane-hit Texas and Florida, yet the island’s recent bankruptcy has left it facing a humanitarian disaster.
Hurricane Maria has left 3.4 million Puerto Ricans facing shortages of food, health care and transit, an American humanitarian crisis fueled by the US territory's May 2017 bankruptcy.
Puerto Ricans are increasingly fed up with austerity.
AP Photo/Danica Coto
A year after Congress passed its plan to fix Puerto Rico's US$123 billion debt and pension crisis, little has changed for the lives of Puerto Ricans.
Ceilings are overrated.
AP Photo/J. Scott Applewhite
The US government reached the limits of its borrowing capacity in March and is fast approaching the point at which it will no longer be able to pay all its bills. What’s the big deal?
Has student debt changed because the purpose of education has changed?
John Collier/Library of Congress, Ermolaev Alexander/Shutterstock.com
About 44 million Americans are still paying off student loan debt. But it didn't always used to be this way. As the perceived purpose of a college education changed, so too did the way we pay for it.
Africa needs billions of dollars to finance the Sustainable Development Goals. Its not clear where this money will come from.
Mozambique should prioritise spending on infrastructure, agricultural development and human capital to ensure sustained growth.
Reuters/Grant Lee Neuenburg
Mozambique returns to the limelight following controversy over its external debt. How can the country contain this situation and avoid a downward spiral?
Will Padilla’s pleas to Washington go unanswered?
The island, which missed a debt payment earlier this month, faces 'disastrous' consequences if a solution to its spiraling crisis isn't found soon.