Africa / Opinion
IMF: Extreme inequality is fuelling a global debt crisis
During the Great Depression, as he saw ordinary people’s purchasing power collapse, Federal Reserve Chairman Marriner Eccles warned that excessive saving by the rich was draining demand and deepening the downturn.
COMMENT: We are fighting the wrong war
Imagine if an alien bug invaded the earth. I'm not talking about the big slick black monsters that bite your head off from the Alien franchise. I'm talking about tiny little nondescript bugs that gnaw away at plants and have a taste for concrete.
IMF: Africa shifts from external to domestic debt come with rewards and risks
A major transformation is underway in sub-Saharan Africa: Governments are increasingly shifting borrowing away from external debt and toward domestic debt. This trend brings fresh opportunities to build resilience and support development.
COMMENT: Did Europe just hand the future to Madrid?
Spain's Socialist government is delivering Europe's fastest growth, the EU's most outspoken stance on Gaza, the continent's biggest Chinese EV investments and Latin America's only serious European interlocutor.
IMF: Can advanced economies avoid debt distress?
Many highly indebted advanced economies face a grim fiscal outlook. Under current policies, the public debt ratios of countries including Belgium, France, the United Kingdom, and the United States are set to deteriorate over the next two decades.