Ministers - eriinfo

UK in dire straits after finance minister’s tears rattle markets

eriinfo.com3 weeks ago07 mins

Prime Minister Keir Starmer and Finance Minister Rachel Reeves to his right, looking visibly upset, in the House of Commons on Wednesday. Image sourced under the Open Parliament Licence v3.0 All eyes are now on the U.K.’s ruling Labour Party for any sign of further political fractures that could rattle Britain’s economic stability, after the…

Africa

African Finance Ministers Shouldn’t Be Making Bond Deals – How to Hand Over the Job to Experts

eriinfo.com4 weeks ago010 mins

Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of…