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What can trade unions do to constrain Africa's spiralling sovereign debt crisis?

Since the dawn of Africa's independence from colonial rule, the continent has grappled with an insidious foe: unsustainable public debt. Ensnared within the intricate web of historical legacies, (...)

Russia , Ghana , Ukraine , Ethiopia , Chad , Zambia , Kenya , Nigeria , Indebted-poor-country-initiative , Education-institute , International-monetary-fund

The G20's approach on debt has failed

The “Common Framework” shows the perils of announcing solutions before governments have them.

India , Tunisia , Egypt , Laos , Paris , France-general- , France , Ghana , China , Beijing , Chad , Sri-lanka

Experts advise Nigeria to improve borrowing accountability, transparency at Heinrich Boll's conference – Nigerian Observer

Experts advise Nigeria to improve borrowing accountability, transparency at Heinrich Boll's conference – Nigerian Observer
nigerianobservernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nigerianobservernews.com Daily Mail and Mail on Sunday newspapers.

Abuja , Abuja-federal-capital-territory , Nigeria , Nigerian , Sodiq-okoh , Sadiq-okoh , Chinedu-bassey , Ulrich-volz , Sanusi-lamido , David-ugolor , Jason-braganza , Heinrich-boll

It's become a middle-income world, but increasingly hard to join the club

Critical development gains over the past two decades have enabled half of the countries classified as low-income in the early 2000s to become middle-income.

World-bank , Indebted-poor-country-initiative , Millennium-development-goals , Heavily-indebted-poor-country-initiative , World-governance-indicators , Sub-saharan-africa ,

A World of Dangerous Debt Limbo

In March, the World Bank estimated that a dozen developing countries could default on their debt over the next 12 months. The warning signs are everywhere. Investors have pulled $50 billion from emerging-market bond funds this year, and the debt of nearly one-third of these countries is trading at distressed levels. Without market access, many governments will struggle to roll over their external debt. According to our own calculations, low-income countries alone face nearly $15 billion in Eurobond rollovers over the next three years.

United-states , Chad , Washington , Ghana , China , Russia , World-bank , District-of-columbia , Zambia , Ethiopia , Sri-lanka , Ukraine