One thing I can agree on with The @Guardian: with development going in reverse, the “business-as-usual approach is both unethical and unsustainable.”

Both private sector and sovereign bilateral creditors must act now to reduce developing countries’ debt burdens.

IDA countries have lost a decade of development. If they lose another, the damage to global peace and prosperity will be high.

It is clear poverty is getting worse despite development assistance and record IDA - World Bank support.

Some factors:

- Currency devaluations and dual exchange rates that steal inflows
- Outflows on debt to China
- Secret contracts
- Predatory government spending in advanced countries

Worth reading this informative article by Greg Ip on chips and Purdue University: “America’s Chip Renaissance Needs Workers.”

With inflation remaining persistent for a third straight month, policy adjustments are clearly needed.

Last year, I wrote on the urgent need to reduce government spending and fix over-regulation — points that remain relevant.

Read my @WSJOpinion op-ed: wsj.com/articles/gover…

Today's jobs data sounded good at 303,000, but 200,000 of those were added in government, health care and leisure.

Average wage growth remains disappointing.

A good day for the DC area’s multi-decade boom, but the rest of the world is having trouble affording the debt buildup.

The G20 Brasil's debt restructuring sham is getting worse.

Kicking the can helps China gain even more power across the Global South as billions of people struggle, and high for long increases the resource extraction by creditors.

GSDR should pause until leaders change course.

Good explainer from Bloomberg’ Matthew Hill and @emposts on why the G20 Brasil Common Framework is failing developing nations.

With Treasury Department Secretary Janet Yellen in China, a top priority for US-China talks should be reducing debtor countries’ unsustainable debt burdens.

Bingo.

Solves the external liquidity issue in the short-run.

But still have bad domestic debt dynamics plus other well known structural issues.

Opinion | Bingeing on free money at taxpayers’ expense Washington Times Opinion

trib.al/dJCJmW8

.Bloomberg uses a million simulations to show exploding national debt is unsustainable — even if defense burden declines and interest costs are contained, which are both unlikely.

With gold and bitcoin prices hitting all-time highs, this exercise reminds us of the risks of the…

Looking forward to discussing the developing country debt crisis with the Hudson Institute this Thursday, March 21, at noon.

Watch it here: hudson.org/events/address…

President Hakainde Hichilema is correct to say that the G20 Brasil Common Framework for debt reduction is not working.

The US, IMF and World Bank should be crystal clear that the G20 Brasil, Paris Club, China and private creditors must reduce unsustainable debts to poorer countries.

Very discouraging to see Russia and China making rapid progress in Africa as the US surrenders a key base in #Niger .

My March ‘23 trip to Niger underscored its importance in the fight against terrorism and the need for strong global support.

Read more: worldbank.org/en/news/statem…

Good news that Somalia, IMF and World Bank have used the HIPC debt relief initiative to provide debt relief and forgiveness — the IMF and World Bank must lead firmly toward debt relief for other countries.

But more must be done.

The G20 Brasil Common Framework through the…