It holds 62% of Africa’s bilateral debt which rose from 1% of GDP to over 15% in a decade COMMENT | PAOLA SUBACCHI | The pandemic is confronting highly indebted poor countries with a fateful dilemma. As Ethiopian Prime Minister Abiy Ahmed, a Nobel Peace Prize laureate, lamented last April, …
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They ought to be cultivating younger people in order to broaden the range of approaches and expertise COMMENT | PAOLA SUBACCHI | The changing of the guard that is taking place at the systemically important central banks in 2018-2019 will mark the beginning of a new era of monetary policy. Who …
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The Bretton Woods institutions must align representation with countries’ relative importance COMMENT | Paola Subacchi | This October, the International Monetary Fund and the World Bank will hold their annual conference. It can’t be business as usual. To remain legitimate, effective, and accountable, the Bretton Woods institutions, established in the …
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COMMENT: By Paola Subacchi Once seen as modern witch doctors with exclusive knowledge, economists are now despised `experts’ Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive …
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The Independent Uganda: You get the Truth we Pay the Price