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Developing countries are sinking in a world awash in cash. Here’s what the US can do.

US President Joe Biden looks toward Speaker of the House Nancy Pelosi in Washington, U.S., February 5, 2021. REUTERS/Kevin Lamarque The Biden administration has inherited a crisis in poor and middle-income countries, where the economic fallout from COVID-19 has pushed hundreds of millions of people into extreme poverty. It’s a crisis that cries out for global leadership, a...

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Eye on Africa: US and China tussle for economic influence

The US and China are increasingly rivals on the world stage, competing over resources, policy and influence. One region where China has spent years establishing a foothold is Africa. Now the US is also keen to reassert itself after years of economic neglect. The US fired the latest salvo late last year when it pledged to provide at least US$14 billion in public and private a...

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