Ethiopia on Tuesday became the third African nation in three years to default on its sovereign debt, following in the unfortunate footsteps of Zambia and Ghana. Ethiopia’s default was unsurprising, as it has pursued debt relief since 2021. As with many other developing nations, the Wuhan coronavirus pandemic slammed Ethiopia’s finances, followed by the enormous
BRICS Inductee Ethiopia Becomes Third African Country in Three Years to Default on Sovereign Debt
February 26, 2024 by
Carney on ‘Kudlow’: The Collapse of Russia and China’s Currencies Shows Why BRICS Is Not a Threat to the Dollar
September 29, 2023 by
The collapse of the Russian ruble and the Chinese yuan shows why a potential BRICS currency is not a threat to the U.S. dollar’s status as the world’s reserve currency, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow Friday. As the BRICS countries of Brazil, Russia, India, China, and South Africa prepare