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The US inflation bonanza for sovereign debtors
Oped, Gautam Nair and Federico Sturzenegger, Published on 08/10/2022
» As developing countries confront a new era of elevated inflation, rising interest rates, a stronger dollar, and capital outflows, some governments stand to benefit from a little-noticed bonanza. During the "Great Moderation" that preceded the Covid-19 pandemic, years of low inflation led to the growth of sovereign debt issued at fixed interest rates and long maturities. Now, two years of unexpected inflation in the United States have effectively diluted this debt.
Late King's wishes for Thai children
News, Kul Chandra Gautam, Published on 12/01/2019
» As Thailand celebrates National Children's Day today, I wish to share my recollection of a memorable audience with His Majesty the late King Bhumibol Adulyadej and his profound message and wishes for the children of Thailand and the world. I had the great honour to meet the late king on Nov 12, 1998. I was then serving as Unicef's regional director for East Asia and the Pacific, based in Bangkok. The occasion of my audience with the late king at Chitralada Palace was to accompany visiting Unicef executive director Carol Bellamy. Also accompanying us was the late Thai foreign minister Surin Pitsuwan.