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.
There is increased demand to join BRICS in the emerging world order, partly as a countervailing power to “the west”.
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.
Ghana’s deal with the IMF is the 17th in its history.
The bank has set hares running by forecasting actual growth of the UK economy in 2023, while most other forecasters are more downbeat.
Alongside the global economic outlook, Russian supply and Chinese demand are contributing to ‘a cocktail of uncertainty’ for oil prices.
The Albanese government had no intention of giving the Low and Middle Income Tax Offset a further lease of life. It just would have preferred that a pesky journalist hadn’t highlighted the fact
It’s a crucial time for the World Bank, with growing calls for reform and sky-high expectations of what one leader needs to do. A former World Bank official explains the challenges ahead.
Thirty years ago the World Bank recognised that its position was untenable. It put in place mechanisms to make the bank more accountable to ordinary people.
In being grey listed South Africa joins a list of countries with poor governance. Others are war zones or countries with jihadist terror groupings operating on their land.
William Ruto is determined to reduce public debt by collecting more taxes to pay for what the country needs.
Chalmers has bought himself a doozy of a conversation, with his essay advocating we embrace “values-based capitalism”
Ghana’s finance ministry is struggling to build consensus on the country’s debt burden.
Look for significant progress in 2023 in two key areas, writes a veteran of international climate policy.
Zimbabwe, Turkey, Argentina, Pakistan and Nigeria all have presidential or general elections in 2023.
Two of the largest financial institutions are not doing enough to scale up funding for climate action.
The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.
Former prime minister emerges from assassination attempt wounded, but vowing to continue protest against government.
Various scholars weigh in on the state of Ghana’s economy, how it got into this situation and on the IMF’s involvement.
Crisis, which crisis?