LMICs Face Record Debt Outflows

  So, what shifted beneath the surface this year to drive LMICs debt stocks? One major factor was the increase in debt reorganization by LMICs. Such efforts hit their highest level since 2010, with most agreements involving IDA-eligible countries. Reorganizations included restructuring under the Group of Twenty Common Framework, debt swaps, and agreements with private creditors,…

Does the UFC Have a Gambling Problem?

On Nov. 13, TKO heralded what it termed a “first-of-its-kind sports partnership” with Polymarket, the controversial crypto-powered platform that treats news events as tradable assets. This deal promises to place betting center stage — in the words of CEO Ari Emanuel, “transforming passive viewership into active participation” — by integrating a real-time “prediction scoreboard” into…

The G20 must follow through on debt relief

As G20 leaders met in Johannesburg last month, they faced a grim reality: many developing-country governments are spending more than they can afford on debt service. To keep funds flowing to foreign creditors, policymakers have been forced to cut spending on education, health care, and infrastructure. These countries have so far avoided default, but at…