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IMF: Rich world recovering faster than expected

As the rich world recovers faster than expected from the pandemic-induced downturn, what about developing countries?

The IMF says that the rich world is recovering faster than expected from the downturn resulting from the pandemic. But what about the developing world? Jubilee USA campaigns for debt relief for developing countries - we speak to its executive director, Eric Le Compte. And in a world struggling to pull itself out of a pandemic, lockdowns and recession, why are there quite so many billionaires? We hear from Kerry Dolan, Assistant Managing Editor of Wealth at Forbes about their latest rich list. Credit Suisse replaced two key executives and cut bonuses amid the fallout from two major business relationships; Peter Hody from Finnews.com in Zurich analyses what went wrong. And we're joined throughout the programme by Mehmal Sarfraz, journalist and co-founder The Current in Lahore, Pakistan; we're also joined by Tony Nash, chief economist at Complete Intelligence in Houston Texas. (Picture of IMF sign by Saul Loeb via Getty Images).

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53 minutes

Last on

Wed 7 Apr 2021 00:06GMT

Broadcast

  • Wed 7 Apr 2021 00:06GMT

Podcast