News stories by Ndongo Samba Sylla

DAKAR, Senegal / KUALA LUMPUR, Malaysia, Jan 29 (IPS) - Ending US dollar dominance alone will not end monetary imperialism. Only much better multilateral arrangements to clear international payments can meet the Global South’s aspirations for sustainable development.

DAKAR and KUALA LUMPUR, Jun 20 (IPS) - Developing country governments are being blamed for irresponsibly borrowing too much. The resulting debt stress has blocked investments and growth in this unequal and unfair world economic order.

ACCRA, Ghana, Apr 03 (IPS) - Developing countries are being blamed for having borrowed and spent irresponsibly. But they have only been doing what foreign powers and financial interests have urged them to do.

DAKAR and KUALA LUMPUR, Nov 22 (IPS) - The ongoing plunder of Africa’s natural resources drained by capital flight is holding it back yet again. More African nations face protracted recessions amid mounting debt distress, rubbing salt into deep wounds from the past.

With much less foreign exchange, tax revenue, and policy space to face external shocks, many African governments believe they have little choice but to spend less, or borrow more in foreign currencies.