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Articles on Foreign debt

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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

COVID-19 further exposes inequalities in the global financial system

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.
Venezuela urgently needs financial assistance, but the regime of Nicolás Maduro has few international allies. AP Photo/Ricardo Mazalan

Nobody is going to bail out Venezuela

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.
Scott Morrison says after current spending is taken care of the government will be able to focus on ‘good debt’. Lukas Coch/AAP

Morrison moves to reassure credit ratings agencies

Treasurer Scott Morrison says the government will take on more ‘good debt’ to boost productivity when current spending is under control.
Debt mantra: Sloganeering around a single economic issue can help win elections. AAP

The trouble with singing the debt song is the tune may change

Election campaigns in Australia often seem to crystallise around the dire performance of a single economic indicator. In the 1996 election, it was the size of Australia’s foreign debt (Peter Costello argued…

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