Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.
Tag: Credit and Debt
World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
Your Tuesday Briefing: Putin Addresses Russia
Also, Pakistan’s military fired three top commanders.
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
After Doling Out Huge Loans, China Is Now Bailing Out Countries
Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
Meet the Xi Jinping Loyalist Now Overseeing China’s Economy
He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.
Biden’s World Bank Pick Looks to Link Climate and Development Goals
Ajay Banga will begin a monthlong “global listening tour” to drum up support for his nomination to be the bank’s next president.
Ecuador Moves to Expand Drilling in the Amazon
A novel idea to leave the country’s vast oil reserves in the ground fizzled for lack of international support. Now, struggling under painful debt, the government wants to expand drilling in the rainforest.
Rishi Sunak Will Face Difficult Economic Tests Immediately
As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.