Ahead of Nepal Prime Minister KP Sharma Oli’s visit to China in December, the country’s ruling parties are at odds over Beijing’s Belt and Road Initiative. While Oli’s Communist Party of Nepal-Unified Marxist Leninist wants to go ahead with a loan from Beijing under the BRI, the Nepali Congress led by Sher Bahadur Deuba is staunchly against it. While Oli’s …
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How will the coming years unfold for Egyptians who are hoping that their standard of living will improve a bit? “People chose President el-Sisi because of his experience in overcoming security challenges,” political analyst Gamal Abdel-Gawwad subsequently wrote in state-owned newspaper Al Ahram Weekly. “The election was in some ways a test for whether the now-revamped political machine the regime …
The World Bank says it will not consider new loans to Uganda following the country’s enactment of an anti-gay law earlier this year. The World Bank says it will not consider new loans to Uganda after the East African country earlier this year enacted an anti-gay law that rights groups and others have condemned. “No new public financing to Uganda …
“It’s like they grab you by the neck and pin your back to the wall,” the ambassador said. The right solution is a re-imagining of the debt system to have borrowers “club together.” Most Poor Countries Are in Debt to Others – And Need to Be I am loath to use the analogy of the individual in debt to extrapolate …
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