Borrowing not a quick fix for a complex economic situation – Olabode Showunmi
14 October 2017 | 5:00 am
Borrowing not a quick fix for a complex economic situation - Olabode Showunmi
A year after the military seized control of the country, Myanmar is facing a "multidimensional humanitarian crisis," the International Labour Organization has warned.
Costa Rican voters are choosing the country's next president amid frustration over corruption scandals, the COVID-19 pandemic and poor economic conditions. Much of the electorate remains undecided.
Nigeria, once again, has been hit with a scarcity of fuel, as most filling stations in the country have either stopped selling to the public or have run out of supply. GuardianTV went round to find out how the scarcity is biting hard on Nigerians.
Prior to the Taliban takeover in Afghanistan, the country's tourism industry provided much-needed employment for tour guides, boat operators, and other professions. But due to the current economic crisis, all that has dried up.
European Union leaders are meeting with their counterparts from the African Union in Brussels this Thursday. Several major economic issues will be discussed, including the €150 billion investment plan promised by EU Commission President Ursula von der Leyen. Ahead of that gathering, French President Emmanuel Macron promised a deal on reallocating of up to $100 billion of International Monetary Fund finance to African countries. Also today, we bring you the latest on the fuel shortage crisis in Nigeria.
Ukraine's former finance minister has told FRANCE 24 that any company doing business with Russia is indirectly financing the war in Ukraine. Natalie Jaresko was in office from 2014 to 2016, when Russia annexed Crimea and conflict was raging in the eastern Donbas region. She described the current situation facing Ukraine as an "economic strangulation of the country" and called on global firms to stop any operations in Russia.
The war in Ukraine has provoked a massive humanitarian and economic crisis. The International Monetary Fund unblocked 1.4 billion dollars in emergency aid for Kyiv this week - and says it's ready to help neighbouring countries that request further assistance. The IMF's First Deputy Managing Director, Gita Gopinath, has been speaking to France 24's Kate Moody about the need for financing, the impact on regional and emerging economies, and how the global economy might change.
Russia's war in Ukraine has sent shockwaves around the world and hit the global economy hard. In economically depressed Sri Lanka it's exacerbating an already existing economic crisis.
Two months ago, the West African regional bloc Ecowas imposed sanctions on Mali after its military leaders announced they would remain in power for another five years before holding any elections. DW found out that civilians are hit the hardest.
Two months ago, the West African regional bloc Ecowas imposed sanctions on Mali after its military leaders announced they would remain in power for another five years before holding any elections.
Following days of protests over soaring prices and fuel shortages, Sri Lanka's cabinet ministers have resigned en masse. The head of the central bank has also stepped down. We take a look at how the heavily indebted country got to this stage. Plus, our correspondents report on how Niger could be facing its worst food crisis in a decade, amid global food and energy shortages worsened by the war in Ukraine.
As pressure mounts for a ban on Russian gas and oil imports, the DIW think tank suggests that alternative suppliers and lower consumption could free Germany from its dependence on the Kremlin to cover its energy needs.
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