By Islam Farag – Cairo, Egypt Over the past two years, Egypt has been facing bleak economic prospects that have been worsening day by day. The features of its economic crisis began to take shape and worsen clearly after the outbreak of the Russian-Ukrainian war in February 2022, but the flight of hot money from the country thwarted all government ...
During the COVID-19 crisis, many countries in the world launched stimulus measures to stop the deterioration of their productive and financial sectors. Rich nations, based on a growing indebtedness, have carried out unprecedented fiscal interventions to prevent economic collapse. How will that be paid for once the global recovery begins? The Global South has not had the same opportunity. Debt, ...