The prospects of the economy generating the resources to discharge the obligations that must be defrayed soon do not look good. It could transmute into a declaration of default.
Around 130 countries attended virtual 'Voice of Global South Summit' Friday. People-centric development finance, inclusive and sustainable energy transition also among takeaways.
IMF chief Kristalina Georgieva also added that such assistance would be particularly important against the backdrop of high interest rates and currency depreciation.
The global economy will have to face the knock-on effects of the Covid crisis, while geopolitical stability will be critically fragile over the next 5-10 years.
The US and Israel’s assassinations of Iranian leadership ended up bestowing martyrdom on those killed. Shias saw the deaths as a continuity of martyrdom from the Battle of Karbala.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Theaterisation, which aims to divide the forces into three theatres with specific areas of responsibility, will become the single most far-reaching reform that the Indian military has witnessed since independence.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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