By Hailemariam Desalegn Boshe At the Second Africa Climate Summit (ACS2), which took place in Addis Ababa a couple months ago, I delivered a warning that every G20 government should heed: Africa cannot finance its future while drowning in debt. The numbers speak for themselves: Sub-Saharan Africa requires $143 billion in annual climate finance, equivalent…
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Sredneuralsk, a satellite city of Yekaterinburg, has officially been declared insolvent. By order of the governor of Sverdlovsk region, external financial management has been imposed. The trigger was expenditures exceeding revenues by 18 million rubles. Against the backdrop of the oblast’s overall budget deficit of over 30 billion rubles, this amount seems minor, but it…
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