The Belt and Road Initiative (BRI) from China is providing Africa with infrastructure such as roads and railways, but also creating a burden of debt.
NAIROBI, KENYA — Over 150 nations, particularly in Africa, have agreed to participate in China’s decade-old Belt and Road Initiative, also referred to as the BRI. Although the massive undertaking has successfully improved transportation and infrastructure in numerous impoverished countries,…
The International Monetary Fund has issued a warning about the state of the global economy, describing it as “limping.”
Economists of high standing convened in Marrakech, Morocco, on Tuesday to attend the yearly conference of the International Monetary Fund. Their main point was evident: The global economy is starting to decline as divisions between the East and West become…
Lagarde, head of the ECB, expresses confidence in achieving the 2% inflation target and addresses Europe’s winter gas situation.
Paris — In a recent interview, Christine Lagarde, President of the European Central Bank, expressed her confidence that the ECB will successfully reach its goal of reducing inflation to 2%. She also stated her relative confidence regarding Europe’s gas reserves….