Industry Opinions

Time for a Selective Debt Jubilee

NEW YORK – The COVID-19 crisis will leave many private and public borrowers saddled with unsustainable debt. We are still in the “pre-Keynesian” supply-shock-cum-derived-demand-shock phase of what is likely to be a global depression. But once the virus is mostly vanquished, households will engage in precautionary saving, and businesses will be reluctant to commit to […]

Jobs & career Opportunities

Learners in Uganda to Benefit from Free Learning Materials by Bridge

Kampala, May 21, 2020 – Bridge International Academies has launched a free online learning resource called Bridge at Home, to support remote learning for pre-primary, lower and upper primary children in Uganda. Bridge at Home provides all parents, teachers, and caregivers with access to free weekly lessons and activity plans that are class-specific. Bridge has […]

Industry Opinions

Emerging Markets’ Hidden Debt Risk

By Mitali Das, Şebnem Kalemli-Özcan, Damien Puy, and Liliana Varela  WASHINGTON, DC/LONDON – Stark warnings about the COVID-19 shock’s potentially devastating effects on emerging markets (EMs) have become ubiquitous. With the pandemic engulfing ever more countries, EMs face a mass exit by foreign investors seeking safe assets. As a result, capital outflows and currency depreciations […]

Insights Opinions

The Big Failure of Small Government

By Mariana Mazzucato and Giulio Quaggiotto  LONDON – Decades of privatization, outsourcing, and budget cuts in the name of “efficiency” have significantly hampered many governments’ responses to the COVID-19 crisis. At the same time, successful responses by other governments have shown that investments in core public-sector capabilities make all the difference in times of emergency. […]

Industry Opinions

Killer Corruption

By John Prendergast WASHINGTON, DC – COVID-19 is a ticking time bomb in Africa. Some of the risks are widely documented. Health-care systems are weak and overburdened, with ten African countries reportedly having no ventilators at all. Food supplies are unstable, and have already suffered major disruptions. And over 18 million people are refugees or […]

Markets Opportunities Wellness

AfDB approves $13.7m to strengthen health system, boost anti-COVID-19 efforts

The Board of Directors of the African Development Bank has approved a $13.7 million grant to finance the COVID-19 response in Zimbabwe. The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index in the wake of the novel coronavirus pandemic. Approval for the grant was made […]