African countries are charged ‘extortionate’ rates on debt, UN chief says
HEAVILY indebted African countries are getting a raw deal from the international financial system which charges them ‘extortionate’ interest rates, the UN Secretary-General Antonio...
World Bank may loosen loan ratio to free up $4 billion a year
The World Bank, under pressure to do more to help developing countries cope with climate change, may change its internal lending guidelines to free...
World Bank president David Malpass quits
The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to...
G20 host India to propose China, other creditors take haircuts on loans
India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war,...
Column: Markets ride US$1 trillion global liquidity wave
The explanation for the whoosh higher in risk assets this year may be as simple as it is surprising: eye-popping liquidity from central banks.
Largely...
