A proposal advanced by the International Monetary Fund aims to supply the developing world with extra money to buy vaccines, pay down debt and expand relief programs.
Tag: Credit and Debt
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform
Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.
Sanctions on Russian Debt Are Called a ‘First Salvo’ That Sends a Message
The curbs on U.S. banks’ purchases of some bonds apply to a small portion of the market but could signal a sharper aim at Russia’s access to global capital.
How Debt and Climate Change Pose ‘Systemic Risk’ to World Economy
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are calling for green debt relief.
Mario Draghi Saved the Euro. Can He Now Save Italy?
Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.
China Extends Reach in the Caribbean, Unsettling the U.S.
The region has strategic importance as a hub for logistics, banking and commerce. It is also very close to the United States.
China Tries Its Favorite Economic Cure: More Construction
Strong sales at China’s biggest construction equipment maker show Beijing’s strategy for recovery after the virus. But while the company, XCMG, is prospering, the rest of the economy is struggling.
E.U. Adopts Groundbreaking Stimulus to Fight Coronavirus Recession
The $857 billion package includes unprecedented steps to help less wealthy countries, including selling collective debt and giving much of the money as grants, not loans.
China Is Dismantling the Empire of a Vanished Tycoon
Three years after Xiao Jianhua was snatched from a luxury hotel in Hong Kong, Beijing is making it clear that his style of freewheeling finance is a thing of the past.
European Union Leaders Meet to Discuss Coronavirus Recovery Plan
Domestic political pressures and longstanding cultural differences are putting a brake on Angela Merkel’s push for swift agreement.