Many emerging economies must borrow to grow. But borrowing smartly — not just borrowing more — can protect governments from crises and build stronger financial futures. Most developing countries face the same dilemma: Without exportable natural resources such as oil or minerals, they cannot fund long-term economic development on their own. Roads, schools, hospitals and…
By opening the door for banks to trade loans, developing countries could unlock billions in untapped capital, giving small businesses and everyday borrowers a fair shot at growth. In much of the developing world, the story is frustratingly familiar: small businesses with big ambitions can’t get the financing they need, and individuals with valuable property…
A dual-currency model with gold-backed banknotes could help developing nations boost stability, reduce dollar reliance, and strengthen financial sovereignty Before President Franklin D. Roosevelt’s April 5, 1933, recall of gold-backed currency, the U.S. Treasury had been circulating gold Certificates since 1865. These notes were backed by equal gold coin and redeemable upon demand. When the…
