Sovereign Stabilization Funds and the End of the Commodities Super-cycle: What are the Challenges?

Les 20 et 21 avril 2020, sur le New York Mercantile Exchange (Nymex), les prix du West Texas Intermediate (WTI) pour le contrat de mai 2020 sont tombés largement en dessous de zéro. Ces prix négatifs – un concept quelque peu difficile à appréhender – ont montré, de façon spectaculaire, à quel point la pandémie du Covid-19 a un impact considérable sur le marché pétrolier mondial. Il convient, cependant, de relativiser ces prix négatifs qui portaient sur une qualité de pétrole (le WT ...

 اليقينيات و فضحت خال أسابيع محدودة مدى هشاشة الانسان في محطة متقدمة من العولمة من خال حدة الصدمة الاقتصادية التي أفرزتها عالميا. و رغم اننا ما نزال غير متحكمين في الخروج من هذه الأزمة الصحية فإن كل الملاحظين يتفقون على أن مسار العولمة سيتأثر حتما بعواقبها نتيجة الانخراط العالمي في الحجر الصحي الذي فرض نفسه كظاهرة معولمة. ذلك انهم يتفقون على ان هذه الأزمة ستؤدي مستقبلا لمراجعات عميقة للتدبير الاقتصادي و للسياسات العمومية بل للمنظومات السياسية و المجتمعية و للعلاقات الدولية بين .الأق ...

It is still too early to assess the extent of the Coronavirus pandemic in Africa, but everything seems to suggest that it will have a major impact on already vulnerable health systems – from prevention to the management of patients. Various forms of resilience are being tested with pejorative effects, especially against the very poor, who are less prepared to observe the protection measures and more exposed in their daily lives. However, lessons can be learned from past epidemic exp ...

In the field of health, important results have been achieved on the African continent as shown by recent data in terms of life expectancy and the availability of treatment for the major causes of morbidity. In spite of this, the recent episode of the Ebola epidemic, which required the mobilization of substantial human and financial resources, but above all international aid, shows that health systems remain vulnerable to major shocks. The current context of the Covid-19 pandemic poi ...

Data recently released on the first-quarter global domestic product (GDP) performance of major economies have showed how significant the impact of COVID-19 has been on economic activity and jobs, with large contractions across the board. The ongoing global recession is poised to be worse than the “great recession” after the 2008-09 global financial crisis, especially from the standpoint of emerging market and developing economies. The depth and speed of the GDP decline will rival th ...

They live in the shadow of death: the United States has 2,650 death-row inmates, 740 in California’s San Quentin State Prison alone. Today, these prisoners fear another executioner, the invisible COVID-19. The condemned on death row live in single cells, some having spent many decades in solitary confinement. The suicide rate is high, and many die of natural causes before their rendezvous with the special execution team. These prisoners hardly ever receive visitors, and for them th ...

Un examen, nécessairement à grands traits, des incidences économiques et sociales pour un pays, en l’occurrence le Maroc, d’une soudaine pandémie qui s’est déclarée sur presque la plupart des régions de la planète, ne peut être qu’un simple prélude d’une large étude exhaustive à entreprendre le moment venu. Et ce pour des raisons évidentes, à savoir que la crise en cours induite par le primat du sanitaire, pouvant évoluer, ensuite, en une forme de dépression économique que divers pr ...