“Ultimately, the ones paying the real price of prolongated [sovereign debt] default periods are the people of these countries,” said Joe Delvaux, a money manager in London at Amundi SA.' finance.yahoo.com/news/pressure-…

This time around nobody wants to run those deficits - not at the expense of local manufacturing

Chile imposed temporary anti-dumping tariffs on Chinese steel products used in the country’s mining industry in a bid to support faltering local mills trib.al/TK88Fre

Big Take: Elon Musk’s bet on Robotaxis over a cheaper EV has plunged an already besieged Tesla into further chaos trib.al/ItZWa8r

India keeps investing in coal. It’s a decision that puts the world's most-populous nation at odds with global allies who’re shunning the fuel on climate grounds trib.al/WA6V4bg

On the question of Africa's Energy Poverty - All Options Remain on the Table, by W. Gyude Moore open.substack.com/pub/gyudemoore…

World financial leaders are pushing to overhaul a system for sovereign debt restructurings that has left poor countries locked out of capital markets trib.al/kFe8ZKN

Happy for Ukraine. Grand Inga will be about $100 billion and will be paid back.

In most countries, you observe a lot abandoned unfinished buildings. In the US, you virtually never do. I'd never thought about this as a physical manifestation of the US's highly developed credit sector. economist.com/middle-east-an….

S&P has upgraded #Benin to 'BB-' from 'B+' to reflects its view of the strong economic outlook with growth to average 6.4% over 2024-27 thanks mostly to the authorities' efforts to diversify the economy through public investments and structural reforms. disclosure.spglobal.com/ratings/en/reg…

This is incredible. World Bank comparison of how much a worker making $1,000 in Soweto keeps after taxes and transport costs vs a similar worker in Vietnam.

A damning indictment of both apartheid's spatial legacy and subsequent failures to expand public transport.

Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year trib.al/T8wBtO5

'What is perceived in developed economies as an overcapacity for China makes what China produces cost competitive in markets that are very, very poor,' W. Gyude Moore tells gina chua #WES2024

Around the world, lead exposure remains one of the largest threats to global health and child welfare. USAID is proud to be working w/ experts like Center for Global Development’s Rachel Silverman Bonnifield to create solutions to eliminate lead in consumer goods & elevate this important cause.

World Bank, AfDB aim to bring electricity to 300 million Africans devex.com/news/world-ban… #Devex via @Devex Todd Moss W. Gyude Moore The Big Shift Global World Bank African Development Bank Group

'78 per cent of Africa’s population commutes by foot and on bicycles every day, yet difficult, dangerous and uncomfortable conditions contribute to a rapid rise in the number of vehicles in cities and an increasing number of road fatalities.' unep.org/news-and-stori…

Nestlé adds sugar to infant milk sold in poorer countries, report finds theguardian.com/global-develop…

'African visa applicants face more severe restrictions compared to applicants from other regions, resulting in a disproportionately high rejection rate. In 2022, Africa topped the list of rejections with 30% of all processed applications being turned down.'

Namibia will invest a large share of any revenue it gets from a potentially massive oil discovery into a sovereign wealth fund trib.al/uoFz8PQ

“…for man, unlike other creatures, is gifted and cursed with an imagination which extends his appetites beyond the requirements of subsistence.' - Reinhold Niebuhr