The disparate nature of the six prospective members is bound to spark debate about the real nature of Brics.
The challenge is to ensure that the bank is making decisions on a principled and predictable basis.
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.
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.
Geopolitics is forcing BRICS countries to balance respect for international law, self-determination, sovereignty and peaceful resolution of disputes with their friendly relations with Russia.
The conditions placed on countries borrowing money from the International Monetary Fund have further disadvantaged these countries economically.
Alongside the global economic outlook, Russian supply and Chinese demand are contributing to ‘a cocktail of uncertainty’ for oil prices.
Ethiopia’s unmet refugee education reforms highlight the ways in which bureaucratic structures and interests can shape policy.
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.
Average farm machinery use in Africa is among the lowest in the world.
The negative effects of conflict on human capital – particularly nutrition, health and education – are larger than commonly thought.
William Ruto is determined to reduce public debt by collecting more taxes to pay for what the country needs.
East Africa is one of the fastest urbanising regions in the world, but it’s still in the early phases. There’s a big opportunity to get the region’s cities right.
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.
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.
With a square and a circle, the father of ecological economics and a founding architect of sustainable development redrew our understanding of the economy. It was revolutionary.
Many small island nations are struggling to protect their land from rising seas while also facing paralyzing debt.