Poor Guatemalans, desperate to come to the United States, take out loans under false pretenses to finance their journey. The dream is often elusive.
Tag: Credit and Debt
China Injects $126 Billion Into Its Slowing Economy
The move comes as Beijing fights a costly trade war with the United States while looking for ways to keep its growth going.
Circulating in China’s Financial System: More Than $200 Billion in I.O.U.s
As the trade war escalates, Beijing needs private companies to pull China’s economy out of its rut. But for some, ready money can be hard to find.
Modern Monetary Theory’s Reluctant Poster Child: Japan
Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the idea.
As Trade War Rages, China’s Sway Over the U.S. Fades
Beijing once could count on allies in business and politics to help get its way. Now many of its old allies are staying on the sidelines.
‘China’s Manhattan’ Borrowed Heavily. The People Have Yet to Arrive.
A largely empty urban district struggling with billions of dollars in debt demonstrates the breakdown of the Chinese economic growth model.
Imran Khan Calls for Vast Anti-Poverty Plan, but Money Is Tight
The Pakistani leader envisions the foundation of a welfare state. But he has not yet come close to turning the country’s debt crisis around to pay for it.
Ukraine Wins New I.M.F. Support as Tensions Rise With Russia
The International Monetary Fund agreed to a $3.9 billion line of credit for Ukraine, whose economy has struggled with corruption and a conflict with Russia.
One African Nation Put the Brakes on Chinese Debt. But Not for Long.
Sierra Leone canceled a $300 million airport loan. Then its president changed his tone. Across the continent, Beijing’s money often proves irresistible.