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Finance Sub-Saharan Africa

Mozambique on course for default

After the revelation of hidden debts, the IMF has suspended its emergency aid to Mozambique, and the country is now on course for defaulting on its national debt.

Economics South and Central Asia

Taking Crimea may throw Russia into recession

Russian leaders may celebrate annexing Crimea, but it will cost the Russian economy. Already weak, this latest move threatens to send the country into recession. Following the successful referendum on Crimean independence and