Ghana’s latest IMF bailout was necessitated by a combination of global shocks and domestic factors, primarily a spending spree by President Nana Akufo-Addo’s administration. Akufo-Addo campaigned for the presidency in 2016 on the promise of change. Seven years on, change has indeed come. But it has not been in the promised direction.
Domestic Politics
When Brazilian President Luiz Inacio Lula da Silva reestablished the country’s Ministry of Culture on his first day back in office, the move was greeted by a muted response. The absence of media coverage was surprising, considering that for most of the past decade the ministry had been at the center of Brazil’s culture wars.
While the exodus of millions of Venezuelans from their homeland to countries across the Western Hemisphere has attracted considerable attention in recent years, another equally significant migratory pattern in Central America has been taking place with less notice: the roughly 200,000 Nicaraguans who have fled to Costa Rica.