The departure of Nicolás Maduro from Venezuela has opened the door to what could become the world’s largest and most complex sovereign debt restructuring since Greece’s 2012 default, the Financial Times reports.
The departure of Nicolás Maduro from Venezuela has opened the door to what could become the world’s largest and most complex sovereign debt restructuring since Greece’s 2012 default, the Financial Times reports.
More
Ethiopia has announced that it reached an agreement in principle with bondholders over the restructuring of a $1 billion bond on which it defaulted in 2023, signaling progress in its efforts to
More
When Michelle Gurule agreed to meet a man she barely knew at a Cheesecake Factory in Denver in 2015, she was not chasing luxury or indulgence. She was a 24-year-old college student
More
The World Bank’s corporate lending arm, the International Finance Corporation (IFC), plans to regularly sell slices of its loans to private investors, after successfully packaging $500 million of debt in its first
More
Credit card defaults in the United States have reached their highest level in 14 years, reflecting a sharp increase in financial distress among consumers, particularly those from lower-income households. This surge in
More
When a politician promises to give you something for nothing, they must first confiscate that wealth from you — either by direct taxes, indirect tax, or by inflationary pricing arising from more
More
Editorial Note: This series is based on the keynote speech by the author, titled “Shaping the Future: Policies for Dynamic Growth towards Improving Social Protection and Well-being of the People,” delivered at
More