The Colombian peso Monday suffered a historic devaluation amid uncertainty less than a month ahead of President-elect Gustavo Petro's inauguration.
By Arturo Porzecanski of American University (*) - Jose Antonio Ocampo, a former United Nations official and co-president with Prof. Joseph Stiglitz of Columbia University’s Initiative for Policy Dialogue, which promotes the adoption of heterodox economic policies in developing countries, recently wrote a guest post welcoming a UN General Assembly resolution calling for the launch of negotiations on a multilateral framework for sovereign debt restructuring.
Jim Yong Kim, the US nominee to head the World Bank, told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world poorest.
The US is under intense pressure to nominate a top candidate for the World Bank presidency after developing countries put forward two credible contenders of their own.