The Institute of International Finance (IIF) has released a report entitled Global Debt Monitor. According to the report, Global debt has surged by over $ 15 trillion since 2019, hitting a new record of over $ 272 trillion in Q3 2020. At the global level, the debt level is 363% of world GDP. This means that the debt bubble has exploded globally. The report notes that the debt of developing countries exceeds $ 76 trillion. In its report, the IIF a...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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