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www.imf.org
| | blog-pfm.imf.org
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| | [AI summary] Uganda's public debt has surged to over 52% of GDP, driven by rising interest rates, declining aid, and currency depreciation, raising fears of a sovereign debt crisis.
| | oecd-development-matters.org
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| | they are reinforced by global megatrends. International economic asymmetries, arising from economic concentration, global value chains, financial centres, or digital networks are becoming harder to ignore. The pandemic has further narrowed LAC countries' fiscal space, especially for those with high debt levels prior to the crisis, reducing public institutions' capacity to respond to citizens' needs.
| | views-voices.oxfam.org.uk
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| | It's time both the World Bank and IMF abandoned the short-term fixes and austerity that have repeatedly failed people in developing countries, says Anthony Kamande. With their joint annual meetings back on African soil for the first time in five decades, he sets out six ways both institutions can make real and lasting change: from debt restructuring to encouraging social spending and taxes on the wealthiest.
| | www.aiib.org
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| A joint report by multilateral development banks (MDBs) published today finds that MDB climate finance reached a new record high in 2022.