The IMF wants government intervention on climate change. It’s now abundantly clear Australia’s climate policies are at odds with even the most conservative approach to economic management.
Zimbabwe wants to issue a sovereign bond to raise $3.5 billion it has agreed to pay as compensation to white farmers, but the economic and political conditions aren’t conducive to such an issuance.
African countries should tread carefully over the debt relief offered by multilateral institutions and other lenders. It could prove very costly in the medium to long term.
A blanket solution to Africa’s debt burden risks costing African countries dearly in terms of access to international capital markets and the relatively lower cost of borrowing.
Africa is facing a profound crisis that could set its development back a generation. It needs a solution to its debt problems that doesn’t cripple countries.
As countries get ready to re-open their economies, will there be a post-pandemic recovery? History and current economic models suggest those looking for a quick rebound will be disappointed.
The current lockdown in Zimbabwe is going to provide a stern test for its informal economy, which is the country’s dominant economy and employs 90% of people.
How many people realise that the central banks’ great programme for reviving the global economy involves hand-picking which companies and sectors to help out?
On two fronts now Morrison, who likes to be in control, is at the mercy of events he can’t control: the drought, and the IMF’s downgrading of Australia’s growth outlook.