Donor governments do not have to fund poor country debt relief from their fiscal budgets. They can tap long-unused reserve assets available at the IMF called Special Drawing Rights (SDRs).
As China’s example shows, a country needs to invest in its future prosperity. Tariffs and tax cuts are no way to get there.
Russia has abundant natural resources, but is also highly dependent on them.
Vast inflows of donor cash, intended to bring about reconstruction, may instead have added significantly to Afghanistan’s corruption problems.
A nation’s income level doesn’t always correlate to its freedom level.
India’s improvement in The Ease of Doing Business index is the first tangible proof of Modi’s election promise of “maximum governance, minimum government.”
Post-Mugabe Zimbabwe could use its bountiful natural resources to usher in a new era.
Reforms to make the World Bank less dependent on the United States would enable them to be more effective
U.S. participation in the IMF and World Bank was authorized in the Bretton Woods Agreement Act that became law in July 1945.