Rich, western countries face a stark choice: 6-day workweeks or more immigration, top economist warns One of the world's foremost economists, Lant Pritchett, has a plan. Fortune · Aug 4, 2024
World Bank warns 108 countries risk being stuck in ‘middle-income trap’ Too many nations, including China and India, are relying on outmoded strategies to become advanced economies, says report The Guardian - UK · Aug 1, 2024
Tanzania's Maasai relocation scheme slammed in new HRW report A Human Rights Watch report says Tanzania is forcibly evicting tens of thousands of Maasai from their ancestral lands, claiming that government rangers beat some members of the community with impunity. Radio France Internationale · Jul 31, 2024
World Bank Approves $1.5 Billion Ethiopia Rescue Package The World Bank has approved a $1.5 billion financial package to support cash-strapped Ethiopia's economic reform programme after officials loosened curbs on the local currency. International Business Times · Jul 31, 2024
Trade row won’t hurt US and China’s emissions talks, says US climate chief John Podesta says negotiations ‘to find a path forward’ continue with urgent discussions planned for Cop29 The Guardian - UK · Jul 30, 2024
Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis The “tuna bond” scandal that shook Mozambique’s economy is washing into a U.S. court The Independent UK · Jul 17, 2024
How Israel has brought the Palestinian Authority to the brink of financial collapse Israel’s ultranationalist finance minister, Bezalel Smotrich, announced in May that he would be witholding tax revenues earmarked for Palestine. The decision was made in response to Spain, Ireland and Norway’s recognition of a Palestinian state. The Conversation · Jul 11, 2024
Pacific islands are being ‘debanked’. What does it mean – and why are Australia, NZ and the US concerned? The withdrawal of major banks from Pacific islands poses significant socio-economic risks to the region, prompting intervention by Australia, the US and New Zealand. The Conversation · Jul 9, 2024
What do the IMF and foreign debt have to do with Kenya’s current crisis? Critics say IMF provides loans to desperate African countries on stringent terms, disproportionately affecting the poor. Al Jazeera · Jul 7, 2024
Millions in Nigeria have little to no electricity. It's straining businesses and public services The lack of reliable electricity severely affects education and businesses in Nigeria The Independent UK · Jul 1, 2024
Mauritanians vote in presidential election as incumbent Ghazouani expected to secure second term Mauritanians went to the polls on Saturday to elect their next president, with the incumbent Mohamed Ould Ghazouani widely expected to win after positioning Mauritania as an exception in a region swept by coups and violence. France 24 · Jun 29, 2024
Bretton Woods: bloodied, battered but still a huge international achievement 80 years on In July 1944, with war still raging in Europe and the Pacific, 730 delegates from 44 countries gathered at the Mount Washington, a grand hotel built at the turn of the century in New Hampshire. They were on the edge of a little town called Carroll, surrounded by a national… The Conversation · Jun 28, 2024
Key takeaways from the Bonn climate conference Main points from the talks in Germany over who should pay for changes needed to cope with impact of climate breakdown The Guardian - UK · Jun 21, 2024
Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and back economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country The Independent UK · Jun 14, 2024
The Independent UK · Jun 12, 2024 Myanmar's economy in crisis as civil strife disrupts trade and livelihoods Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods
France 24 · Jun 11, 2024 World Bank sees global 'soft landing' but warns of sluggish growth for developing nations The World Bank has upgraded its global growth outlook for this year, expecting it to hold steady at 2.6 percent for the first time in three years. The latest Global Economic Prospects report, however, warns that growth still remains well below the average of the pre-pandemic decade, with the world's…
The Conversation · Jun 11, 2024 Africa’s freeports should boost trade and foreign exchange earnings – but evidence is thin The concept of a freeport – an area where normal tax and customs rules don’t apply – has existed for centuries. Over time, different terms have emerged. They include export processing zones, free trade zones, special economic zones and industrial free zones. West Africa has 29 free zones, spanning 11…
Top News · Jun 11, 2024 World Bank Upgrades Global Economic Outlook, Cautions On Trade Barriers World Bank revises global economic outlook for 2024, highlighting growth projections, concerns about trade barriers, and conflicts impacting economic perfo...
International Business Times · Jun 11, 2024 World Bank Upgrades Global Growth Outlook On Resilient US Economy The World Bank raised its global growth outlook on Tuesday on the back of resilient consumer spending in the United States, but warned that growth remains weak by historical standards.
The Independent UK · Jun 11, 2024 World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States
The Guardian - UK · Jun 11, 2024 Protectionism is slowing growth and entrenching poverty, says World Bank International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says report
The Conversation · Jun 10, 2024 Investors have bid against each other to buy Australia’s first green bond. Here’s why that’s a great sign You might think government debt is bad, but it actually plays a crucial role in modern finance.
The Independent UK · Jun 7, 2024 Mexico's president vows to press ahead with changes to Constitution despite market nervousness Mexico’s outgoing president has pledged to press ahead with judicial reforms despite nervousness among investors, and suggestions from his own handpicked successor that he should wait
The Conversation · May 31, 2024 African countries could unlock billions in local and global trade – what’s working and what’s not Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty.
Fortune · May 31, 2024 Renault links up with Chinese partner to build $22,000 EV after VW broadside Renault CEO Luca de Meo was critical of Volkswagen after talks over a joint affordable EV imploded.