Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
Category: World Bank
-
Growing Economic Anxiety and Inequality Fuels Unrest Worldwide
Economic turmoil is spreading across the globe, and the response has been protests, attempted coups and elections of far-right politicians.
-
Behind the Unrest in Kenya, a Staggering and Painful National Debt
Kenya, the fastest growing economy in Africa, is on the brink of a fiscal calamity. Across Africa, nations are spending more on interest than on health or education.
-
$29 Trillion: That’s How Much Debt Emerging Nations Are Facing
A decades-long crisis is getting worse, and now dozens of nations are spending more on interest payments than on health care or education.
-
World Bank Sees Rosier Growth Outlook
But rising trade barriers pose a long-term threat to global output as protectionist policies spread, the bank said.
-
I.M.F. Sees Steady Growth but Warns of Rising Protectionism
The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.
-
Investigation Finds World Bank Failed to Police Abuse at Kenyan Schools
The World Bank’s investment arm has been facing scrutiny over sexual abuse at a program it was financing.
-
Sex Abuse Inquiry Poses Leadership Test for World Bank’s Ajay Banga
The bank is facing scrutiny as it debates how to compensate victims of abuse at Kenyan schools that it was financing.
-
World Bank Warns of Energy Price Surge if Mideast War Spreads
A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”
-
The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
-
World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.