Egypt
ING: Back to the 80s? What soaring inflation, US rate hikes and a stronger dollar mean for EM sovereign debt
Soaring inflation, rate hikes and a stronger dollar are reminiscent of the early 1980s – a decade that brought a wave of EM sovereign debt crises. This year has already seen Sri Lanka default, hit by an external liquidity crisis.
EM debt crisis around the corner
Soaring inflation, a strong dollar and a complete overhaul of global energy markets are playing hell with Emerging Market debt. The world is now teetering on the edge of a global debt crisis, warns Oxford Economics.
The economic war with Russia has already cost the West $380bn
The economic war that the West launched against Russia in the days following the invasion of Ukraine has already cost developing nations $379bn, analysts estimate.
Russia woos Africa with arms, grain and nuclear power
Russian Foreign Minister Sergei Lavrov took to the road this week and toured Africa to build closer ties with non-aligned nations.
Russia preparing for second Africa Summit to build closer ties as it pivots away from the West
Russia is preparing for the second Russia-Africa summit, scheduled for October-November 2022 in Addis Ababa, Ethiopia, as it steps up its campaign to move closer to the African countries and pivot away from the West.
