Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
Category: World Bank
$29 Trillion: That’s How Much Debt Emerging Nations Are Facing
A decades-long crisis is getting worse, and now dozens of nations are spending more on interest payments than on health care or education.
Even With Gaza Under Siege, Some Are Imagining Its Reconstruction
International development agencies have been meeting with Middle East business interests and urban planners to map out an economic future for the territory.
The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Yellen May Face Questions in Morocco Over U.S. Dysfunction
Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.