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Toi Staff
Gideon Levy
Andrew Mitrovica
Yara Hawari
Robert Mardini
Wang Xiangwei
Khaled Diab
Jeffrey D. Sachs
Marwan Bishara
Priorities for Saving the Private Sector
WASHINGTON, DC – For most countries, navigating the protracted economic slump brought on by COVID-19 is starting to look more like a marathon than a sprint. According to our estimates at the International Finance Corporation (IFC), domestic private investment and foreign direct investment in emerging economies will fall this year by almost $700 billion and $250 billion, respectively, and may not return to pre-crisis levels until 2023.
The Master and the Prodigy
William H. Janeway reviews recent books on Frank Ramsey, John Maynard Keynes, and a highly consequential meeting of minds. 3 Add to BookmarksHow to Prevent the Looming Sovereign-Debt Crisis
Joseph E. Stiglitz & Hamid RashidFrom Latin America’s lost decade in the 1980s to the more recent Greek crisis, there are plenty of painful reminders of what happens when countries cannot service their debts. A global debt crisis today would likely push millions of people into unemployment and fuel instability and violence around the world.
propose a multilateral facility for buying back low- and middle-income countries' bonds. 11 Add to BookmarksWorse, the crisis is exacting a massive toll on the world’s poor and most vulnerable, jeopardizing decades of hard-won development gains. The World Bank warns that we are about to witness the first increase in global poverty........
© Project Syndicate
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