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Tinkering with a Spanish Proposal
It is an idea that just refuses to die. Mere days after a Dutch-led cabal of northern Eurozone finance ministers swept the concept of debt mutualisation off the negotiating table, the prime minister of Spain ups the ante by proposing
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PwC Nigeria: Nigeria’s Finance Act Gets a Facelift to Attract Business and Investment
Earlier this year, Nigerian president Muhammadu Buhari signed the Finance Bill 2019 into law as the Finance Act of 2019 — the first amendment to the country’s tax laws since 1999. The Act, which comprises 57 sections, seeks to amend
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Making Sense of Irrational Markets and Conflicting Data
This is how an economy is destroyed: ignore small businesses because small isn’t beautiful but complicated, cumbersome, risky, and a nuisance. US commercial banks charged with the distribution of the $349 billion federal credit line earmarked for troubled companies under
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Dull but Sound: Ordoliberalism to the Rescue
A hallmark of quality recognised the world over, ‘Made in Germany’ represents a welcome victory of content over hype. The German mindset and constitution, it would seem, are almost incapable of cutting corners to maximise short-term outcomes. As such, the
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Lessons from China
For the first time in nearly half a century China’s economy has stopped growing. The National Bureau of Statistics (NBS) reported a 6.8 percent drop in economic output over the first quarter of the year. Retail sales were down by
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The Great Lockdown and Echoes from the Past
The brief and uneventful interlude that followed the Great Recession of 2007-13 has been supplanted by the Great Lockdown of 2020. The term was coined by Chief Economist Gita Gopinath of the International Monetary Fund (IMF) as she unveiled the
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Debt Relief Needed to Preserve 30 Years of Progress
A grand coalition of creditors is to provide debt relief to the world’s least developed countries. Earlier this week, the International Monetary Fund (IMF) took the lead and cancelled some $214 million in debt repayments owed by 25 of its
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SDG Lab at UN Geneva: Delivering the 2030 Agenda in Decade of Action Will Call for Co-operation and Courage
In 2020, to mark its 75th anniversary, the United Nations have initiated UN75, the largest and most inclusive global conversation on how to build a better future. The initiative intends to map out what works and what doesn’t within the
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Raining on China’s Parade
Sensing a unique opportunity to take a shortcut to the global top spot, China is putting in a sustained effort to turn tragedy into triumph and expand its standing and reach in the wake of the pandemic. The Chinese government
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The Final Destiny of the Trillions
When the going gets though, the weak are moved aside. A depressingly large number of the 181 US corporations that last year signed a solemn pledge to fight inequality and work for the benefit society have failed to honour their
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