As inflation rates spike and interest rates rise, many countries are facing looming sovereign debt crises. A mechanism like the G-20’s Common Framework for Debt Treatments, aimed at addressing what could become a global debt crisis, is becoming more important than ever—but to be effective it needs to address major shortcomings.
U.S. Secretary of State Antony Blinken is using his visit to Africa to unveil Washington’s new approach to relations with the continent. That approach will be hampered by Washington’s deafness to long-standing complaints on a range of issues from many African countries, and its blindness to its own hypocrisy toward the continent.
The first ship exporting grain from Ukraine since February left Odessa’s port this week thanks to a deal brokered by Turkey and the U.N. The agreement aims to ease the global food crisis triggered by Russia’s invasion of Ukraine, but there are doubts as to whether it will hold for long enough to make a difference.
