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U.S. President Joe Biden on Thursday announced he would support the African Union joining the G20 group of large economies as a permanent member, part of Washington's efforts to reinvigorate ties with…
Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
Rich economies expect to be largely unaffected by debt distress and looming defaults in developing countries.
While a “sense of dread” surrounded last week’s IMF-World Bank meetings in Washington, the U.S. is struggling to mount a coordinated response.
The global turmoil provides the latest test of U.S. influence over international affairs, after the Biden administration sought to re-engage with the world in the post-Trump era.