WASHINGTON — Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect […]
Third World and Developing Countries
Trending topics and news from the Third World and Developing Countries category
Back to news homeGlobal Fallout From Rate Moves Won’t Stop the Fed
The Federal Reserve, like many central banks, sets policy with an eye on the domestic economy. Its battle to control prices is causing pain abroad. Read More
In Global Slowdown, China Holds Sway Over Countries’ Fates
BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts.As Pakistan has struggled to cope with […]
Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve’s determination to crush inflation at home by raising interest rates is inflicting profound pain in other countries — pushing up prices, ballooning the size of debt payments […]
India’s Electric Vehicle Push Is Riding on Mopeds and Rickshaws
In the United States, luxury-car buyers are snapping up Teslas and other electric cars that cost more than $60,000, and even relatively cheap models cost more than $25,000.Here in India, […]
Economy Is at Risk of Recession by a Force Hiding in Plain Sight
This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a plunge on stock markets.At the root […]
Global Growth Will Be Choked Amid Inflation and War, Says World Bank
For large and small nations around the globe, the hope of averting a recession is fading, the World Bank warned on Tuesday.The grinding war in Ukraine, ongoing supply chain chokeholds, […]
Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt
Before war ravaged Yemen, Walid Al-Ahdal did not worry about feeding his children. At his hometown near the Red Sea, his family grew corn, raised goats and relied on their […]
Trade Barriers From the Ukraine War Are Sending Food Prices Higher
In a speech last week, Janet L. Yellen, the Treasury secretary, said the pandemic and the war had revealed that American supply chains, while efficient, were neither secure nor resilient. […]
Critics Say I.M.F. Loan Fees Are Hurting Nations in Desperate Need
At a time when the coronavirus pandemic is fueling a rapid rise in inequality and debt, a growing number of policymakers and economists are pressuring the International Monetary Fund to […]