Keywords: Debt
Washington, D.C.— President-elect Donald Trump dealt a significant blow to bipartisan congressional budget negotiations, rejecting a proposed deal and reigniting political turmoil in Washington. The move came after billionaire ally Elon Musk led a public campaign against the bill, labeling it as......
A recent report from the World Bank Group, International Debt Report 2024, reveals that Morocco's external debt surged to $69.267 million in 2023, a significant increase from $27.3 million in 2010. The report provides an in-depth analysis of the debt’s composition and the conditions of Morocco’s......
The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, marking a crucial step for the island nation’s recovery. Despite signs of stabilization, the global lender cautioned that Sri Lanka’s economic outlook remains fragile and......
Spirit Airlines has officially filed for Chapter 11 bankruptcy protection, citing mounting losses, increasing debt, and a failed merger as key factors in its decision. The Florida-based airline made the announcement on Monday, detailing the steps it will take to stabilize its operations amid financial......
Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......
In a historic shift, Ethiopia has ended its half-century-long control over the birr, its national currency. Driven by unmanageable debts and dwindling foreign reserves, this decision marks a significant turning point for the Horn of Africa nation. In July 2023, Ethiopia liberalized its exchange rate......
As Kamala Harris gains momentum in the United States presidential race, surpassing Republican opponent Donald Trump in polls across five crucial swing states, economic experts are raising concerns about the potential hurdles she may encounter in implementing her fiscal agenda. The year 2025 looms as......
Canada's reliance on temporary foreign workers has faced severe criticism from a United Nations special rapporteur, who has labeled the program as a "breeding ground for contemporary forms of slavery." The scathing report from UN investigator Tomoya Obokata reveals troubling power imbalances......
In a significant development in the ongoing saga of Morocco's sole oil refinery, the North African kingdom has decisively rejected a substantial $2.7 billion compensation claim brought forth by Saudi entrepreneur Mohammed Al Amoudi. This rejection comes on the heels of a concluded arbitration procedure......
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