development bank

Mexico Plans to Back Argentina in Race to Lead the IAD Bank

Mexico Plans to Back Argentina in Race to Lead the IAD Bank

Mexican President Andres Manuel Lopez Obrador’s administration plans to support Argentina in the race to lead the Inter-American Development Bank, a key Washington-based multilateral lender, in
South African Airways to Get $239 Million From State Bank

South African Airways to Get $239 Million From State Bank

South African Airways’s business-rescue team said it’s been given access to 3.5 billion rand ($239 million) from the state-owned Development Bank of Southern Africa to avert the airline’s collapse.
Rio’s Dirty, Foul-Smelling Water Renews Privatization Push

Rio’s Dirty, Foul-Smelling Water Renews Privatization Push

The cloudy, foul-smelling water that runs from the taps in Rio de Janeiro is the latest crisis to rock the iconic city, underscoring the urgency behind a push to privatize public services like
Brazil's Eletrobras Will Be Sold in 2020, Privatization Czar Says

Brazil's Eletrobras Will Be Sold in 2020, Privatization Czar Says

A long-delayed plan to capitalize and privatize Brazil’s Eletrobras will move forward this year, Privatization Secretary Salim Mattar said amid concerns that delays in the sale of the power utility
Who’s in Charge in Venezuela and What May Come Next

Who’s in Charge in Venezuela and What May Come Next

Once one of Latin America’s richest countries, Venezuela has been laid low. Power, water and gasoline shortages have become an everyday occurrence across the country as hyperinflation hastens an
Haiti Seeks IMF Deal to Revive Worst Economy Since 2010 Quake

Haiti Seeks IMF Deal to Revive Worst Economy Since 2010 Quake

Haiti’s embattled president Jovenel Moise is seeking to reactivate a deal with the International Monetary Fund to revive the weakest economy since the nation was devastated by an earthquake in 2010.
South Africa’s Epidemic of Hate

South Africa’s Epidemic of Hate

From the highest level of government to the grassroots, the country is blaming foreigners for economic woes.
How Governments Use Immigration to Boost Their Economies

How Governments Use Immigration to Boost Their Economies

People from abroad bring brains and energy, but there’s always the risk of a backlash.
China Urged to Curb Risky Lending to Vulnerable Pacific Nations

China Urged to Curb Risky Lending to Vulnerable Pacific Nations

China should put the brakes on its lending in the South Pacific to avoid lumping economically vulnerable nations with unsustainable debt, according to a report released by an Australian think tank.
Sudan Edges Closer to Civilian Rule as Army Set to Share Power

Sudan Edges Closer to Civilian Rule as Army Set to Share Power

Sudan’s military council signed a power-sharing deal with the main opposition movement, bringing Africa’s third-largest country closer to civilian rule about four months after President Omar
Zimbabwe Leader Wants New Currency, IMF Loan in Revival Bid

Zimbabwe Leader Wants New Currency, IMF Loan in Revival Bid

Zimbabwean President Emmerson Mnangagwa and his finance chief want a new currency by March, would seek financing from the International Monetary Fund and may even consider a Eurobond offering as the
African Borrowers Face Risk of Debt ‘Tipping Point’

African Borrowers Face Risk of Debt ‘Tipping Point’

A third of African countries have unsustainable debt positions and the continent must reduce its reliance on foreign funding for projects that don’t help them service loans, Zimbabwean Finance
Lukashenko Reshuffles Cabinet as Russian Oil Money May Dry Up

Lukashenko Reshuffles Cabinet as Russian Oil Money May Dry Up

Belarusian president Alexander Lukashenko reshuffled the government in his biggest overhaul in almost four years as the former Soviet republic confronts the prospect of a drop in earnings from Russian
China's $2 Billion Pakistan Loan Shows Desire to Keep Khan Close

China's $2 Billion Pakistan Loan Shows Desire to Keep Khan Close

If there were any doubts about China’s intent to keep ties close with its all-weather ally Pakistan, Beijing demolished them with a reported $2 billion loan just days after the election of a new
U.S.-Led Infrastructure Aid to Counter China in Indo-Pacific

U.S.-Led Infrastructure Aid to Counter China in Indo-Pacific

Julie Bishop Photographer: Josh Edelson/Bloomberg
Zimbabwe's Next Ruler Faces Hollow Victory as Economy Flails

Zimbabwe's Next Ruler Faces Hollow Victory as Economy Flails

The winner of Zimbabwe’s July 30 elections could find their victory to be a hollow one.
Fixes to South Africa ‘Elephant’ Eskom Span China Loan to Debt Swap

Fixes to South Africa ‘Elephant’ Eskom Span China Loan to Debt Swap

South Africa is getting down to the business of fixing its debt-ridden state power utility.
Lula's Would-Be Heir Kicks Off Presidential Race in Brazil

Lula's Would-Be Heir Kicks Off Presidential Race in Brazil

Ciro Gomes, who hopes to become the standard bearer of Brazil’s left in the October presidential race, got his party’s official backing but still is struggling to forge alliances and broaden his
AMLO Won. What Comes Next for Mexico?

AMLO Won. What Comes Next for Mexico?

Andres Manuel Lopez Obrador, Mexico’s next president, has promised to transform the nation. AMLO, as he’s known, pledged during his campaign to root out corruption, reduce violence, stop energy deals
Brazil Avoids Default Risk by Approving Venezuela Loan Pay-Out

Brazil Avoids Default Risk by Approving Venezuela Loan Pay-Out

Brazil avoided a possible default as Congress approved funds for the payment of a loan guarantee made to Venezuela and Mozambique.