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 […]

Leisure Opinions

Nature Is Our Best Antiviral

By Enric Sala WASHINGTON, DC – The Seychelles, a string of 115 verdant, rocky islands in the Indian Ocean, recently announced – in the midst of the coronavirus pandemic – that it would protect 30% of its glittering turquoise waters from commercial use. Safeguarding some 410,000 square kilometers (158,000 square miles) of the sea will […]

Agribusiness Opinions

COVID-19 response must target African agriculture and the rural poor (by Olusegun Obasanjo and Hailemariam Desalegn Boshe)

Agriculture contributes 65 per cent of Africa’s employment and 75 per cent of its domestic trade ROME, Italy, May 14, 2020/ — By Olusegun Obasanjo, former President of the Federal Republic of Nigeria and Hailemariam Desalegn Boshe, former Prime Minister of the Federal Democratic Republic of Ethiopia Africa has so far escaped the worst health […]

Industry Opinions Uncategorised

Emerging Economies Need New Finance, Not Moratoriums

By Mauricio Cárdenas BOGOTÁ – Many are calling for a temporary moratorium on all debt repayments by developing and emerging economies, in order to prevent the COVID-19 pandemic from triggering a tsunami of sovereign defaults. Rather than waiting passively until debtors stop meeting their obligations, the argument goes, creditors would be better off agreeing now […]