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Emerging markets feel the heat of the “bondfire”

BUSINESS Just as developing economies were poised to profit from the post-Covid-19 rebound in global growth, a fire in the bond market ravaged the bond markets only to burn them down again. Most major investment banks predicted a bumper year 2021 for emerging market (EM) assets as long as a …

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CADTM denounces G20 debt measures

Faced with the worsening of the debt crisis in the countries of the South due to the deterioration of the world economic situation combined with the coronavirus pandemic, the International Financial Institutions and the main bilateral creditors had launched in spring 2020 measures of emergency financing and debt relief. . …

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Senate confirms Miguel Cardona as Secretary of Education

Top line The US Senate confirmed Miguel Cardona as Education Secretary on Monday as the Biden administration presses for schools to reopen amid the Covid-19 pandemic. Education Secretary Miguel Cardona during his Senate confirmation hearing on February 3, 2021 (Anna … [+] Moneymaker / The New York Times via AP, …

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G20 agrees on debt relief framework amid Covid-19

But he did not specify which creditors would agree to a possible debt cancellation. China, for example, has repeatedly opposed parts of the debt relief plans. The country, considered Africa’s biggest creditor, is reluctant to give up billions owed to it from its politically strategic projects across the developing world …

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