WASHINGTON, DC : The rising cost of living in Africa has triggered a wave of protests in recent months, underscoring the disproportionately higher economic and social costs of inflation on a continent with persistent widespread poverty and...
CAMBRIDGE : In 1971, US Treasury Secretary John Connally famously told his counterparts in the G10 that “the dollar is our currency, but it’s your problem.” Connally was being unexpectedly candid about the fact that, even though...
CAMBRIDGE: Ethiopia has long suffered from recurrent large-scale famines, most notably in the early 1980s, when at least one million people died, and millions more were displaced. This year, however, Ethiopia has become a net exporter of wheat for...
CAIRO :The US Federal Reserve’s decision to raise interest rates by 475 basis points over the course of 12 months, in a bid to curb inflation, was bound to be perilous. As should have been expected, it precipitated a dramatic shift in yield...
CAIRO: Despite containing 60 per cent of the world’s uncultivated arable land, Africa has been a net food importer for decades. According to the most recent estimates, food imports are the biggest budget item for many countries across the...
CAIRO: Since the Latin American debt crisis of the 1980s, sovereign-debt crises have become a regular occurrence for emerging and developing economies. Today, Sri Lanka needs a bailout from the International Monetary Fund after defaulting on its...
