The global institutional architecture designed in the aftermath of World War II to ensure that disaster was never repeated is showing its age. The United Nations, the International Monetary Fund and the World Bank are all …
Tag Archive for: "IMF"
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 …
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 …