The COVID pandemic has had a profoundly negative impact on Africa’s sovereign debt situation. Currently, 22 countries are either in debt distress or at high risk of debt distress. This means that African governments are…
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Machine learning and other artificial intelligence (AI) methods have had immense success with scientific and technical tasks such as predicting how protein molecules fold and recognising faces in a crowd. However, the application of these…
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2/2 © Reuters. FILE PHOTO: A copper roll that will be used for drawings is seen at the workshop of the artist Ricardo Moreno in San Pedro de Barva, Costa Rica October 23, 2017. REUTERS/Juan…
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Nigeria has a strong ambition to industrialise. It has relied heavily on the restriction of imports of certain goods targeted for domestic production. But for Nigeria’s industrialisation drive to succeed, it needs a broader array…
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Both of the main components of long-term interest rates matter for monetary policy spillovers, but the effects differ between advanced and emerging economies, a Bank for International Settlements working paper finds. Aaron Mehrotra, Richhild Moessner…
Read MoreFSB Chair Klaas Knot speaks at the International Swaps and Derivatives Association (ISDA) 36th Annual General Meeting. by : Source link
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Some 252 million years ago the world was going through a tumultuous period of rapid global warming. To understand what caused it, scientists have looked to one particular event in which a volcanic eruption in…
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4/4 © Reuters. A supporter of presidential candidate Ferdinand “Bongbong” Marcos Jr. holds up a newspaper with the winning of Marcos Jr. on the headline, as people gather to celebrate as partial results of the…
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In 2003, Thabo Mbeki – then president of South Africa – described South Africa’s economy as being like a two-storey house. The top floor was quite plush, with all the fittings packed neatly together. He…
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The longer you live through a crisis, the less likely you are to fully appreciate that you’re in one. This is especially true if there is more than one crisis, and they overlap. In Australia,…
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