Kenya’s President Ruto tried to de-dollarise African economies and crashed out, now green buck is bracing for end to its dominance
Ballooning US fiscal deficits – projected at $1.9 trillion in 2025 – together with a widening current-account gap, estimated at 6 per cent of GDP, are adding pressure to the dollar. On top of this is the overuse of the “printing press,” meaning the creation of large amounts of new money to finance spending.
‘If we imagine poor countries can fund own transition while drowning in debt and climate disasters, we’re facing collective collapse’
A lack of money also affected the humanitarian presence at COP30, with fewer numbers attending than previous recent summits, a consequence of the deep cuts that have rocked the aid sector this year.
Flowers of Good: Brazilian women spearhead campaign for medical marijuana for sick children
In drugstores, a 30 millilitre bottle (1 fluid ounce) of the CBD that Murillo’s paediatrician prescribed for his condition costs as much as 900 reais ($180) – more than half Silva’s monthly wages as an office assistant. Since June, she has spent zero on Murillo’s CBD medication. Twice a day, she drips the oil into the boy’s mouth and each bottle lasts about 45 days.
