The International Monetary Fund and World Bank’s Spring Meetings in Washington have told a tale of two economies: In the developed world, inflation is falling, and recession looks unlikely. But many of the world’s poorest countries are struggling under tremendous debt burdens inflated by rising interest rates that threaten to undo decades of development progress. That means these key lenders of last resort have their work cut out for them. But according to GZERO Senior Writer Matthew Kendrick, there's a proven model.
The international community is struggling to address half a dozen conflicts, spanning from the Middle East to Haiti, that often involve institutions poorly equipped to tackle modern problems.
Moscow has reportedly begun recruiting 20,000 soldiers to be deployed to at least five Russia-aligned African countries to replace Wagner Group mercenaries previously stationed there as Russia deepens its influence on the continent.
Fifty-nine people were killed Saturday in a bomb blast at a mosque in Mastung, Pakistan, where people were gathering to mark the birthday of the Prophet Mohammad. Pakistan’s interior ministry accused India’s intelligence service of masterminding the attack, a charge Delhi denies.
First, there was the devastating earthquake in Morocco. And then, cataclysmic flooding in Libya. Recent natural disasters in northern Africa have shocked the world. They've also mobilized United Nations rescue and support teams, says UN Secretary-General António Guterres in an exclusive GZERO World interview.
The death toll continues to rise in Libya, where at least 6,000 are now dead after two dams in the eastern part of the country burst due to torrential flooding.