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Global Debt

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Africa needs just trade for a Just Energy Transition, African Development Bank head says at Doha Forum

The President of the African Development Bank Group Dr Akinwumi Adesina has reiterated his warning that the introduction of a carbon border tax by the European Union could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of its climate change reduction measures. Adesina said this could penalize African […]

todayDecember 14, 2023 5

Business / Economics

IMF warns on rising debt

The IMF sees global debt growing faster and higher than projected before the pandemic, Vitor Gaspar, head of the Fund’s Fiscal Affairs Department said ahead of the launch of the Fiscal Monitor (FM) Wednesday (October 11) in Marrakech, Morocco. “Government debt ratios declined in 2021 and 2022. It will turn back up in 2023. Going forward global public debt is not only higher, but also projected to grow faster […]

todayOctober 18, 2023 3