US bars Ghana from aid over sovereign debt defaults

The United States government has barred Ghana from receiving foreign assistance, including development loans and flagship programs such as the Millennium Challenge Corporation (MCC), following the country’s failure to meet debt obligations owed to Washington. The restrictions are set to take effect in the 2026 financial year. A report to the U.S. State Department stated…

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…