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.
By pairing Indian drone engineering with Japanese semiconductor expertise, the two firms aim to develop more advanced autonomous systems tailored to both defence & commercial use.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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