In the coming months, Sergio Massa, Argentina’s Economy Minister predicted a spike in inflation. This is attributed to the recent depreciation of the Argentine peso, which he claims was influenced by the International Monetary Fund (IMF). Speaking from Washington, D.C., Massa mentioned that the IMF’s stipulation for Argentina to adjust its currency has a definite […]
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Debt Woes Escalate for Ethiopia as Credit Rating Drops
Ethiopia, facing a challenging economic period, recently saw its credit rating downgraded by Fitch Ratings. This change indicates a heightened risk of the country defaulting on its debts. Previously known for rapid economic growth, Ethiopia is now grappling with heavy debt following a devastating civil war and the effects of the COVID-19 pandemic. The downgrade […]
