World Debt

Latest News for: World debt

Edit

These Republicans are defunding the US, not China

Jacksonville Progress 28 Mar 2023

House conservatives have devised a "new and improved" threat to the world economy if their demands are not met ... debt if desired cuts in government spending are not made ... debt ... debt ... "They are composing an imaginary world in which the debt limit has been breached and there is not catastrophe ... That's in the real world.

Edit

China ramping up bailout loans: report

Taipei Times 28 Mar 2023

Around the world, BRI nations have come under strain as soaring inflation and interest rates, compounded by the lingering effects of the COVID-19 pandemic, have hurt their ability to repay debts ... Beijing says the initiative aims to deepen friendly trade relations with other nations, particularly in the developing world.

Edit

China now bails out countries after pushing them into 'debt-trap'

Beijing News 28 Mar 2023

Now a new heavyweight has emerged in providing emergency loans to debt-ridden countries and that is China, New York Times reported ... Foreign Minister Qin Gang of China has strongly defended his country's debt record, noting that China allowed dozens of the world's poorest countries to delay debt repayments in 2020 and 2021.

Edit

US House Speaker McCarthy urges President Biden to begin debt ceiling talks

Anadolu Agency 28 Mar 2023

US House of Representatives Speaker Kevin McCarthy sent a letter Tuesday to the White House, urging President Joe Biden to begin negotiations on the nation's debt ceiling ... an increase of the debt limit," wrote McCarthy ... The world's biggest economy hit its debt ceiling Jan.

Edit

US should learn from China's diplomatic success: American scholar

China Daily 28 Mar 2023

... by frequently charging that Sri Lanka is facing a "debt trap" because of high levels of debt in various projects of the BRI. "In actual fact, 80 percent of Sri Lanka's foreign debt is owed to multilateral institutions such as the World Bank and Wall Street investors.

Edit

China's foreign policy success reveals flaws in American strategy: US media

People Daily 28 Mar 2023

Goodman also refuted US mainstream media's reports charging that Sri Lanka is falling into a "debt trap" due to high levels of debt in various projects of BRI. "In actual fact, 80% of Sri Lanka's foreign debt is owed to multilateral institutions such as the World Bank and Wall Street investors.

Edit

China spent $240bn bailing out ‘Belt & Road’ countries: study

Dawn 28 Mar 2023

That’s why it has gotten into the risky business of international bailout lending,” said Carmen Reinhart, a former World Bank chief economist and one of the study’s authors ... In response, it has called on the World Bank and International Monetary Fund to also offer debt relief.

Edit

China spent $240 billion bailing out ‘Belt & Road’ countries--study

Asahi News 28 Mar 2023

Edit

China spent $240 bln bailing out 'Belt & Road' countries, study shows

Live Mint 28 Mar 2023

That's why it has gotten into the risky business of international bailout lending,' said Carmen Reinhart, a former World Bank chief economist and one of the study's ... In response, it has called on the World Bank and International Monetary Fund to also offer debt relief.

Edit

How China Became a Global Lender of Last Resort

Time Magazine 28 Mar 2023

China provided 128 rescue loans in 22 countries from 2008 to 2021, according to researchers from the U.S.-based research lab AidData, the World Bank, Harvard Kennedy School, and the Kiel Institute for the World Economy ... Previously, China has also called on the World Bank and IMF to offer debt relief, facing criticism for holding up the process.

Edit

Politicians and the IMF are failing Pakistan’s most vulnerable people, laments Murtaza Syed

Economist 28 Mar 2023

The pandemic saw public debt soar across the world, but it fell in Pakistan as a result of commendable fiscal discipline ... \nBut at the end of 2021, with a large amount of external debt coming due over the next few years, the government had no choice but to resume the IMF programme that had been paused due to covid-19.

Edit

Don't let financial shame be your ruin: Open conversations can help ease the burden of ...

Phys Dot Org 28 Mar 2023

According to a recent survey, a third of New Zealanders were not completely truthful with their family or partners about the state of their finances, and 12% actively hid their debt ... The burden of growing debt ... Many households have taken on significant debt to "keep up with the Joneses" and to pursue the quintessential quarter-acre dream.

Edit

John Kennedy, Janet Yellen, and the Disastrous Biden Budget

The American Spectator 28 Mar 2023

And Team Biden thinks this is debt reduction ... We could certainly cut it by a quarter and get a healthier economy along with a shrinking rather than the burgeoning national debt that one day will destroy America as a world superpower and likely will break up our nation.

Edit

Why Crashing Banks Will Usher in Digital Currency

GlobalResearch 28 Mar 2023

In order for this to occur the elite are planning to create a global financial crisis the likes of which the world has never seen ... People often ask why the globalist elite would collapse the world economy ... That’s the point at which added debt cuts into annual economic growth, according to the World Bank ... debt-to-GDP ratio was 125%.

Edit

Bellies of the Rich Swell Further on the Back of Hunger

Off Guardian 28 Mar 2023

The world’s poorest countries were due to pay $43 billion in debt repayments in 2022, which could otherwise cover the costs of their food imports. Governments across the world are now largely under the control of international creditors after COVID policies resulted in (deliberately) triggering a multi-trillion-dollar global debt crisis.