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Today: March 20, 2025
Today: March 20, 2025
Libby George

Libby George

Staff Writer

Latest From Libby George

Europe|Political|US|World

Ukraine's former army chief says US 'destroying' world order

Valeriy Zaluzhnyi, Ukraine's former armed forces chief and current ambassador to Britain, said on Thursday that the United States was "destroying" the current world

Ukraine's former army chief says US 'destroying' world order
Economy|Election|Europe|Finance|Political

Romania's budget cuts spark backlash ahead of sensitive election

Government cost cuts to curb Romania's chronic budget deficit and avert a ratings downgrade are causing a social backlash that

Romania's budget cuts spark backlash ahead of sensitive election
Africa|Asia|Business|Economy|Europe|MidEast

Growth outlook slows again and 'peace dividend' fades, EBRD says

Weak external demand and the impact of conflicts slowed economic growth again in countries covered by the European Bank for Reconstruction and Development (EBRD),

Growth outlook slows again and 'peace dividend' fades, EBRD says
Business|Economy|Political|US|World

What are the IMF and World Bank, and what happens if the US pulls support?

Alarm is rising over Washington's potential withdrawal from global institutions, including the International Monetary Fund and the World Bank, with the no-show of

What are the IMF and World Bank, and what happens if the US pulls support?
Business|Economy|Finance|Political|World

Global debt marches to record high, raising risk of bond vigilantes, IIF says

The global debt-to-GDP ratio rose for the first time since 2020 last year, as the world's debt stock hit a new year-end record of $318 trillion and economic growth

Global debt marches to record high, raising risk of bond vigilantes, IIF says
Economy|Europe|Finance|Political|World

Ukraine's bond investors left reeling as ceasefire hopes sour

Ukrainian bond prices have dropped sharply this week as increasingly hostile rhetoric from U.S.

Ukraine's bond investors left reeling as ceasefire hopes sour
Africa|Economy|Europe|Finance|MidEast|Political|US|World

Emerging economies most vulnerable to USAID elimination

War-torn countries, those with high levels of debt and U.S. allies such as Jordan have the most to lose if the United States Agency for

Emerging economies most vulnerable to USAID elimination
Africa|Americas|Economy|Political|US|World

Trump's aid cuts imperil emerging market investment cash

The United States' decision to freeze and potentially scrap its core aid agency jolted countries receiving its funding and could make it harder

Trump's aid cuts imperil emerging market investment cash
Africa|Americas|Asia|Business|Economy|Europe|Finance|Political|World

To weather Trump, emerging market investors look to the frontier

The new era of unpredictability, marked by tariff threats and rising global tensions, is prompting emerging market investors to look for shelter in frontier markets

To weather Trump, emerging market investors look to the frontier
Business|Economy|Europe|Finance|MidEast

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation

Foreign investors are flocking to Turkey's local debt markets, saying they are impressed by interest rate cuts and easing inflation and are

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation
Business|Economy|Finance|US

Investors pull record sums from Saudi in Middle East fund flight

Foreign investors pulled a record amount of money from U.S. equity funds tracking Saudi Arabia in October as the Middle East's worst

Investors pull record sums from Saudi in Middle East fund flight
Business|Economy|Europe|Finance

Exclusive-EBRD backs 3 billion euro plan to wean North Macedonia off coal power

International lenders including the European Bank for Reconstruction and Development and the World Bank are backing a 3 billion

Exclusive-EBRD backs 3 billion euro plan to wean North Macedonia off coal power
Economy|Finance

Saudi sovereign wealth fund splashes cash in 2023 - report shows

Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report

Saudi sovereign wealth fund splashes cash in 2023 - report shows
Economy|Environment|Finance

Record debt costs mean climate spending could push nations to brink of insolvency

Emerging countries will pay a record $400 billion to service external debt this year, and nearly four dozen cannot spend the money they need for climate adaptation

Record debt costs mean climate spending could push nations to brink of insolvency
News|World

Battle for development cash heats up at IMF/World Bank meetings

Development agencies gathering in Washington this week face one of their toughest battles in years: getting a rich world worried about wars

Battle for development cash heats up at IMF/World Bank meetings
Economy|Europe

EBRD warns Georgia 'foreign agents' law could hit economy, investor confidence

Tensions around Georgia's controversial draft "foreign agents" law could hit the country's economy and investor confidence, the president of the European Bank for

EBRD warns Georgia 'foreign agents' law could hit economy, investor confidence
Economy|Europe|Finance|News

Conflict, high borrowing costs clip growth in EBRD regions, report says

Two wars and high borrowing costs have trimmed expected growth in countries covered by the European Bank for Reconstruction and Development (EBRD), the bank said in

Conflict, high borrowing costs clip growth in EBRD regions, report says
Business|Economy|Finance|World

Bigger investors pouring money into emerging markets belie EM outflows

Big-money investors are beginning to place more cash in emerging markets as they chase returns in what could be a structural shift in the way they allocate their

Bigger investors pouring money into emerging markets belie EM outflows
Economy|Environment|Finance

Former emerging world finance chiefs call for debt reworks to enable climate spending

A group of prominent former emerging market finance chiefs is pressing global leaders to incorporate external shocks and climate change into debt sustainability

Former emerging world finance chiefs call for debt reworks to enable climate spending
Africa|Americas|Asia|Economy|Election|Finance|News|Stock Markets|World

Elections roil markets as biggest race looms in packed 2024

Election results in Mexico, South Africa and India jolted currencies and stocks alike, a stark reminder that politics still matter for markets in a

Elections roil markets as biggest race looms in packed 2024
Economy|Finance|News

Wealthy nation creditor club sees tide shifting as debt defaults peter out

The debt crisis risk that has overshadowed the global economy for four years is beginning to recede, the Paris Club of rich creditor nations

Wealthy nation creditor club sees tide shifting as debt defaults peter out
Africa|Economy

Kenya clashes and Bolivia's failed coup show perils of economic hardship

Deadly Kenyan protests that scuppered tax hikes and a failed coup amid fading economic prospects in Bolivia this week are

Kenya clashes and Bolivia's failed coup show perils of economic hardship
Africa|Economy|Finance

Ghana's bondholders to re-engage government next week on debt rework

Ghana and its bondholders will restart talks next week to hash out a debt restructuring deal on $13

Ghana's bondholders to re-engage government next week on debt rework
Economy|Europe|Finance|News

Ukraine eyes debt deal before deadline, seeks to add GDP warrants, sources say

Ukraine told investors it still expects to succeed in its unprecedented aim of restructuring debt in the middle of a war before payment

Ukraine eyes debt deal before deadline, seeks to add GDP warrants, sources say
Economy|Europe|Finance|News|World

Ukraine's international bond rework derailed as deadline nears

Ukraine has not been able to reach an agreement with a group of bondholders over restructuring some $20 billion of international debt during

Ukraine's international bond rework derailed as deadline nears

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