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Just after the footpath beside the school passes into the cool late afternoon shadows, a gentle cracking sound signals that Doud Sebet has arrived. He sits on a piece of cardboard, with one long leg out in front of him and the other tucked underneath.
Concerns are building over a massive credit bubble, and some say it is no longer an engine of global growth. Excess capacity in which demand for products is less than potential supply continues to be one of China's biggest problems. An excellent
The Sudanese government today announced that the size of its foreign debt rose to a record $42 billion by the end of 2012 and blamed it on accumulation of interest arrears. Yahiya Hussein Babiker, a member of Sudan's negotiating team with South Sudan
We have a national currency that is slipping faster than the Reggae Boyz's chances of making the World Cup Finals. Touching the $100 mark for the first time, it seems to be on a relentless run in the direction of a historic low each day...My
When a currency loses value, it is usually because of three broad factors, namely: (1) fundamental weakness in that country's competitive economy (otherwise called uncompetitiveness or market forces), (2) devaluation by government, and (3)
The U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases, the International Monetary Fund said Friday.
A view shows the Federal Reserve building in Washington August 22, 2012. The International Monetary Fund on Friday urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year. In its annual
International Monetary Fund (IMF) senior resident representative to Jamaica, has branded as illusionary, the view that an inflow of hard currency from the multinationals will bring stability to the country's foreign exchange market. Leon, who was a
The International Monetary Fund says it is deploying staff to Zimbabwe to monitor recovery in the embattled economy after striking the first IMF pact with the southern African country in more than a decade. IMF chief Christine Lagarde said the
Ikaria is everything that our society, our obsessive consumerism, our corporate madness, our worship of technology, the IMF, the Eurosceptics, the EU, Angela Merkel and the rest despise...It becomes quickly apparent that one of the things introducing