How the ECB Will Help France

Thank you for subscribing to my posts. If you’re not yet a paying supporter, please consider becoming one. That’ll allow you to DM me with questions and comments. Your contribution will help cover the cost of the data I use in my posts, which I fund out of my own pocket. Thanks so much for…

Africa’s Debt Crisis Deepens as AFRODAD Demands Overhaul of Global Financial System

AI-generated picture for illustrative purposes HARARE, Zimbabwe— African countries are paying an increasingly heavy price to service their debts despite declining overall debt levels, raising fresh concerns about a global financial system that civil society organisations say continues to prioritise creditors over development, writes Winston Mwale. The African Forum and Network on Debt and Development…

Domestic worker debt trap and money advice

In 2019, Monette owed money to three loan sharks and was so frightened she could barely function. The 42-year-old Filipina, who declined to give her last name, says: “You cannot sleep, you cannot eat, you cannot work. You’re so scared that you can’t even close your eyes.” To harass her, a lender repeatedly sent food…

Debt traps ensnaring domestic workers in Singapore

It was National Day evening. Retired kindergarten operator Mary (not her real name) and her husband were watching the parade on TV when her phone started ringing incessantly. She ignored the first few calls from the unfamiliar Malaysian number, but they kept coming. Assuming it was urgent, she finally answered. The woman on the line…