Sub-Saharan Africa’s debt burden increased to a record $789 billion in 2021, highest since 2010
Low economic growth, skyrocketing inflation, the Ukraine war, massive debts and climate change increased the region’s dependancy on private …
EU offers 750 bln euros in grants and loans to overcome COVID-19 recession
The package will need to be ratified by the European Parliament before it is implemented
COVID-19: Global recession, unmatched in 80 yrs, currently underway, says World Bank analysis
The average developing economy is less well placed to respond to a global downturn now than before the 2009 global recession
COVID-19: 400 mln jobs lost in Q2 2020, says ILO
Job losses up 400% in Africa, Asia since first 3 months; working hours lower than estimates