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COVID-19 may trigger an ideological shift over decades

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INTERNATIONAL

Research by Thomas Piketty shows that a form of free-market ideology has been a key driver of rising income inequality since the 1980s. The airing of alternative ideas, the…

Panama mine contract end will worsen economic woes

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PANAMA

The decision followed weeks of protests over the terms of the newly revised contract. Cobre Panama, located in Colon province, is Central America’s largest open-pit copper mine…

Near-term IMF funds are ample, but more may be needed

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INTERNATIONAL

IMF funding dynamics.

Angola's renewed China dependence will bring more pain

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ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

IMF unlikely to resolve Zambia's debt conundrum

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ZAMBIA

While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…

More developing countries will face debt distress

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INTERNATIONAL

EMDC debt distress.

Creditors will seek geopolitical gains in debt talks

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INTERNATIONAL

Whereas developed economies and China have benefited from USD9tn in fiscal stimulus and USD5tn in liquidity, EMs have less scope because they cannot issue local-currency debt…

Zambia faces default despite bondholders’ reprieve

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ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Africa will offer major tests for refugee compact

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AFRICA

Global Compact on Refugees.

Prospects for East Africa and the Great Lakes in 2023

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PROSPECTS 2023

Prospects for East Africa and the Great Lakes in 2023.