The nuclear-armed rivals are also wrangling over Pakistan’s access to desperately needed foreign aid, as India explores ways to use its soft power and relationships to bedevil its old enemy.
Tag: Credit and Debt
IMF Expects Trump’s Tariffs Will Slow Global Economic Growth
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
Global Growth Expected to Sputter Amid Trade War Fallout Fears
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
France Acknowledges Devastating Effect of Debt Imposed on Haiti for Freedom
After two centuries, a contrite tone from President Emmanuel Macron, though no talk of reparations for French actions that thwarted the development of its former colony.
A $35 Billion Loan Project, Led by World Bank, Aims to Expand Electricity in Africa
Some $35 billion is aimed at building small solar sites in rural areas and other improvements. The World Bank chief called the project “foundational to everything.”
COP29 Climate Talks Focus on Financing
Negotiators agree that trillions are needed to help lower-income countries adapt and cope, but not on who should pay.
Global Economic Leaders Confront a New Era of Industrial Policy
Policymakers brace for more protectionism and the demise of “neoliberalism” if Donald J. Trump is re-elected in the U.S.
U.S. Raises New Concerns Over Chinese Lending Practices
A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World
Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
Kenyan President Fires His Cabinet After Nationwide Protests
President William Ruto dismissed all but one of his cabinet secretaries after demonstrations over a finance bill that would have raised taxes led to the deaths of at least 41 people.