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UrduGlobal public debt may soon collectively catch up to the worldwide gross domestic product (GDP), likely matching it by 2030. New research from a Notre Dame economist suggests that this could happen even sooner, thanks to countries’ hidden debts. This misreported debt can lead to higher interest rates for borrowers and lower recovery rates for lenders, suggesting indirect adverse effects on global financial stability and consumer welfare.
Tag: World Bank
“Developing Thai Family Stability to Fight Human Crisis” Workshop
Ministry of Social Development and Human Security, in collaboration with Chulalongkorn University’s College of Population Studies and Institute of Asian Studies, Chula Ari, and World Bank, organized a workshop on “Developing Thai Family Stability to Fight Human Crisis” on March 7, 2024, at Plenary Hall 1, Queen Sirikit National Convention Center. Minister of Social Development and Human Security, Mr. Varawut Silpa-archa, gave the opening speech and offered his insights on the policies on the human crisis situation.
Floundering economies look to IMF, World Bank for meaningful change
With the coronavirus pandemic challenging the wellbeing of people and countries around the world, global financial institutions face the tremendous task of coordinating economic policies and offering relief for the most vulnerable countries. Such effort will be on display this…
The End of Antibiotics?
Less than a century after the discovery of antibiotics, the world is at risk of entering an era in which the life-saving drugs no longer work.