Despite pledges for debt relief and expanded programs, the World Bank and International Monetary Fund have delivered meager aid, say economists.
Record quarterly growth inspires little joy as the threat of a double-dip recession looms.
U.S. efforts to cut Iran off from the rest of the world in the midst of the pandemic are cruel. So is Iran’s refusal to release political prisoners.
“The economics of gender equality is a book already written,” said Kristalina Georgieva, the managing director of the International Monetary Fund.
The vow to accelerate help, made during a video call with other heads of state, comes amid furious demonstrations in Beirut against the Lebanese government.
BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.
Why would China go to the trouble of capsizing the global order when it can simply take it over?
Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus.
Governments won’t be able to contain the pandemic if they are forced to use scarce foreign currency to make unsustainable debt payments.
Even before the coronavirus deepened Argentina’s recession, the country was on track to default on $66 billion in debt.
Anger over a failing economy and unaffordable food has pushed protesters into the streets despite the coronavirus.
Experts say that for the first time since 1998, global poverty will increase. At least a half a billion people could slip into destitution by the end of the year.
Delaying the repayments to the Group of 20 is not enough.
Developing nations will need help with the economic and public health disruptions from coronavirus. But institutions designed to help are being hobbled.
Poor countries are going to be decimated by the coronavirus. They need a serious rescue package.
What happens when the pandemic strikes nations of millions of people that have only a half-dozen ventilators?
Iran, devastated by the coronavirus, is asking the U.S. to lift sanctions on humanitarian grounds. U.S. officials say sanctions aren’t to blame; Iran is.
Iraq depends on oil revenues, which have plummeted. The country is so desperate it is asking for donations to help it weather the pandemic.