China’s Belt and Road Initiative, which is celebrating its 10th anniversary this week, has now advanced more than US$330 billion, which is about 80% of the lending of the World Bank over that period. The …
Tag Archive for: "IMF"
The world needs to prepare for a cascade of financial crises across emerging and developing economies. The writing is already on the wall, with Bangladesh, Ghana, Pakistan and Sri Lanka currently queuing at the International Monetary Fund’s …
Now that we have entered a new period of geopolitical conflict, protectionism and regionalism, one wonders whether the cosmopolitan, globalised world of Davos is gone forever. Returning after a two-year pandemic-induced hiatus, this year’s World …
Even before the outbreak of Covid-19, the level of global debt was high by historic standards. According to the Institute of International Finance, by late 2019 global debt (including private and public debt) was more …
The world turned a corner in 2019. The problem is that the world order didn’t turn with it. This disconnect could have disastrous consequences. The biggest global power change has been the start of the …