The lessons learned from this crisis must extend beyond Senegal and lead to greater debt transparency and banking supervision in the region.
Articles on Debt crisis
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Gabon’s military ruler risks becoming the country’s third autocratic leader if he fails to generate economic growth and return the country to democratic paths.
Almost two-thirds of low-income countries are at risk of debt distress – in part because of higher borrowing costs. And that isn’t the only problem.
The Treasury has been taking extraordinary measures to delay a default, but these measures could fail as early as June 1.
It’s a crucial time for the World Bank, with growing calls for reform and sky-high expectations of what one leader needs to do. A former World Bank official explains the challenges ahead.
Personal debt in New Zealand is growing. But instead of hiding the true extent of what we owe, New Zealanders should be talking about how we got here – and what needs to change.
Debt is becoming unaffordable.
The latest cancellation reflects the pressure China feels it’s under in the international debt debate.
National Treasury is incapable of coming up with the sweeping governmental, social and economic changes required to dig South Africa out of its economic hole.
The world economy collapsed when homeowners couldn’t repay subprime mortgages. We’re now making a similar bet on ‘repaying’ carbon emissions.
President Erdoğan is accusing the West of striving to destabilise Turkey.
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
Hurricane Maria has left 3.4 million Puerto Ricans facing shortages of food, health care and transit, an American humanitarian crisis fueled by the US territory’s May 2017 bankruptcy.
A year after Congress passed its plan to fix Puerto Rico’s US$123 billion debt and pension crisis, little has changed for the lives of Puerto Ricans.
The US government reached the limits of its borrowing capacity in March and is fast approaching the point at which it will no longer be able to pay all its bills. What’s the big deal?
About 44 million Americans are still paying off student loan debt. But it didn’t always used to be this way. As the perceived purpose of a college education changed, so too did the way we pay for it.
Africa needs billions of dollars to finance the Sustainable Development Goals. Its not clear where this money will come from.
Mozambique returns to the limelight following controversy over its external debt. How can the country contain this situation and avoid a downward spiral?
The island, which missed a debt payment earlier this month, faces ‘disastrous’ consequences if a solution to its spiraling crisis isn’t found soon.
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Part-Time Professor of Economics, The New School
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