Sri Lanka: The Die is Cast

By Neville de Silva* LONDON, 5 May 2023 (IDN) — Sri Lanka’s stand-in president Ranil Wickremesinghe is no Julius Caesar. But he is ready to cross his own Rubicon as he must. For time is running out fast for him after almost 50 years in politics and slowly nudging his 75th birthday.

Africa Pays High Interest Rates for Private and Chinese Loans

By Jutta Wolf BERLIN, 4 May 2023 (IDN) — African countries pay much higher interest rates to foreign bondholders and Chinese lenders than to international financial institutions such as the World Bank, says Germany’s eminent Kiel Institute for the World Economy. Besides, the hiatus in borrowing conditions has grown over the past ten years, suggesting […]

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