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Coronavirus Threatens China’s Belt and Road. What Happens When It Wants Half a Trillion Dollars Back?
The COVID-19 pandemic has unleashed a global recession that threatens the colossal international loan program that is a symbol of China’s growing prestige and a centerpiece of President Xi Jinping’s reign.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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West Africa Facing Food Crisis as Coronavirus Spreads
Food insecurity could also double this year to affect 265 million people across the continent; west Africa, where the outbreak of the virus is most severe, is of increasing concern.
- Categories
- Agriculture, Coronavirus
- Region
- Sub-Saharan Africa
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Oxfam to Close in 18 Countries and Cut 1,500 Staff Amid Coronavirus Pressures
Oxfam currently operates in 66 countries and 20 affiliates. It will retain a physical presence in 48 countries, six of which it will explore as new independent affiliate members.
- Categories
- Coronavirus
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Peru’s Coronavirus Response Was ‘Right on Time’ – so Why Isn’t It Working?
Peru was one of the first Latin America countries to go into lockdown – but the jump in new cases is undeniable, and experts say it’s due to people’s behaviour.
- Categories
- Coronavirus
- Region
- Latin America
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Cash, Long a Refuge in Uncertain Times, Now Under Suspicion
This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus, is a source of suspicion rather than reassurance.
- Categories
- Coronavirus, Finance
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Debt ‘Bigger Threat Than Virus’ in Cambodia
Many MFI loans are collateralised by land titles, leaving millions at risk of losing their homes and property should they default. Those forced to sell their land face abject poverty.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
Parent Organization
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@NextBillion (link opens in a new window)
In Africa, less than 3% of total bank lending goes to the agricultural sector – even though it accounts for about 7… https://t.co/WKfpf0f7Qc (link opens in a new window) -
@NextBillion (link opens in a new window)
Reducing remittance costs "may not be as flashy as other #GlobalGoals (link opens in a new window)," but doing so could have great impact on… https://t.co/OzGXve41uG (link opens in a new window) -
@NextBillionFH (link opens in a new window)
#FinancialInclusion (link opens in a new window) for women is growing in #India (link opens in a new window) – but who are the real beneficiaries? @MicroSave (link opens in a new window) explores why t… https://t.co/MK29Z33oCS (link opens in a new window)