With Millions Facing Starvation, US Treasury Unveils Plan to Address Food Crisis
On May 18, the U.S. Treasury along with several global development banks, in collaboration with other groups, announced a multi-billion dollar plan to address the worldwide food security crisis that has only deepened following Russia’s...
World Bank Paints Grim Economic Picture For Dozens of Low to Middle-Income Countries: New Report
The World Bank has released its annual report, this year titled, “Finance For an Equitable Recovery,” detailing the financial fallout — due to the COVID-19 pandemic — currently being experienced by dozens of low- to...
Favoring China: IMF Meeting to Decide Fate of Managing Director Ends Without Resolution
The executive board of the International Monetary Fund (IMF) met on Oct. 8 to discuss the fate of incumbent Managing Director Kristalina Georgieva following a controversy linked to communist China. However, the meeting was adjourned...
Developing Nations Risk Falling in Chinese Belt-and-Road Style COVID-19 Debt Traps
As developing countries continue to accrue debt due to the Coronavirus Disease 2019 (COVID-19) pandemic, economists are concerned that creditors such as China will exploit their situations through debt-trap diplomacy. While panelists at a recent...
