April 15
Africa: Leaders Need to Break the Chokehold of Debt and Austerity. Our Health Depends On It
As leaders gather for the Spring Meetings of the IMF and World Bank amid the cherry blossom trees of Washington, DC, there is some good news to celebrate. Read more »
April 03
Africa: Developing Countries' Govt Debt Crises Loom Larger
Developing countries are being blamed for having borrowed and spent irresponsibly. But they have only been doing what foreign powers and financial interests have urged them to do. Read more »
March 13
Africa: Global South Stagnating Under Heavier Debt Burden
Much higher interest rates - due to Western central banks - are suffocating developing nations, especially the poorest, causing prolonged debt distress and economic stagnation. Read more »
February 28
Africa: Africa's Debt Crisis Needs a Bold New Approach - & a Way Forward
It hasn't been easy for African states to finance their developmental and environmental policy objectives over the past few years. Read more »
January 31
Africa: Onerous Debt Making Poorest Poorer
Contractionary economic trends since 2008 and 'geopolitical' conflicts subverting international cooperation have worsened world conditions, especially in the poorest countries,… Read more »
October 09, 2023
Africa: Faced With Crushing Debts, World's Poorest Nations to Slash Public Spending By Over 229 Billion Dollars
The World Bank and the International Monetary Fund (IMF) are returning to Africa, for the first time in decades, with the "same old failed message". Read more »
October 04, 2023
Africa: Debt-Pushing As Financial Inclusion
Ajay Banga was anointed World Bank president for promoting financial inclusion. Thanks to its success and interest rate hikes, more poor people are drowning in debt as consumer… Read more »
May 18, 2023
Africa: Human Rights & Sovereign Debt Restructurings - a Proposal for an Optimal Outcome
Zambia defaulted on its debt in November 2021 but has not yet reached an agreement with its creditors. Its president recently warned that this situation is hurting its citizens and… Read more »
January 27, 2023
Africa: The Year of Debt Distress and Damaging Development Trade-Off
As the year 2022 drew to an end, the United Nations Conference on Trade and Development (UNCTAD) warned, "Developing countries face 'impossible trade-off' on debt", that spiralling… Read more »
November 21, 2022
Africa: A Looming Debt Crisis Is Threatening Global Health Security. It Is Time to Drop the Debt
In this moment of profound challenge in international relations, it was understandable that the conclusion of the G20 meeting left leaders feeling relieved that the meeting took… Read more »
October 19, 2022
Africa: Time Is Running Out for Decisions On Debt Relief As Countries Face Escalating Development Crisis
Developing low- and middle-income economies are taking hard hits from global economic developments outside their control. Monetary tightening in advanced economies coupled with… Read more »
September 27, 2022
Africa: Inflation Phobia Hastens Recessions, Debt Crises
Inflation phobia among central banks (CBs) is dragging economies into recession and debt crises. Their dogmatic beliefs prevent them from doing right. Instead, they take their cues… Read more »
September 06, 2022
Africa: 1980s' Redux? New Context, Old Threats
As rich countries raise interest rates in double-edged efforts to address inflation, developing countries are struggling to cope with slowdowns, inflation, higher interest rates… Read more »
May 19, 2022
Africa: Debt Distress in Africa - Problems and Ways Forward
The COVID pandemic has had a profoundly negative impact on Africa's sovereign debt situation. Currently, 22 countries are either in debt distress or at high risk of debt distress. Read more »
May 10, 2022
Africa: Finance Drives World to Stagflation
The world is being pressed by financial interests to raise interest rates, ostensibly to check inflation. After the US Federal Reserve started raising interest rates, more central… Read more »