Axios Visuals One out of every six dollars the world's poorest governments received in revenue in 2024 went straight to foreigners in the form of debt service, per a new analysis from Debt Justice.
In 1996 the IMF and the World Bank launched an initiative aimed at reducing the debt burden for some 41 heavily indebted poor countries (HIPC), whose total debts amount to about 10% of the Third World ...
It is the World Bank’s job to lend to all 78 of the world’s poorest countries—defined both by their income per person and the sustainability of their debt burden—through a single fund, the ...
Every time I go to Singapore to visit my son and his family, I can’t help but wonder how a small island about the size of Metro Manila but half its population and with no natural resources can be a ...