2021
March
16
Tuesday

Monitor Daily Podcast

March 16, 2021
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Mark Sappenfield
Senior global correspondent

Four weeks after a historic winter storm, residents of Jackson, Mississippi, are still having to boil their water. Burst pipes and power failures were a familiar story across the American South after the storm. Some Texans went without power for days. But Texas applied for federal aid almost immediately, and recovery is underway. So did Louisiana. Mississippi still has not, according to the Clarion Ledger.

The Jackson water crisis fits a pattern. It took 11 months before power was completely restored in Puerto Rico after Hurricane Maria. Repeated concerns about lead in the water of Flint, Michigan, were ignored. When infrastructure fails in communities with little financial might or political power, the wait for the most basic services can make parts of the United States appear like a developing nation. 

As in Jackson, these issues are often intertwined with race. Jackson’s water system is in a deplorable state because much of the city’s wealth disappeared with white families who left as segregation-era laws were overturned. The city is now 80% Black. “White flight has led to divestment,” Mayor Chokwe Lumumba told The New York Times.

The crisis, he added, “hopefully ... allows us to build the resolve to address it.” Honest resolve to help is in many ways as important a building project as any pipes or plumbing.


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Today’s stories

And why we wrote them

President Donald Trump built his political brand on his personality. President Joe Biden’s focus on his team signals a different approach to connecting with voters.

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Difference-maker

Courtesy of Gabriel Passos/Gastromotiva
Through this Gastromotiva program, current and former students of the nonprofit, many of whom lost their jobs because of the pandemic, have turned their home kitchens into small delivery restaurants. Above, two people work in such a kitchen in Rio de Janeiro.

When life goals and world problems intersect, solutions are often born. David Hertz looked at food insecurity and saw local culinary training, among other things, as a way out.


The Monitor's View

Reuters
The logo of the International Monetary Fund at its headquarters in Washington.

In war, as the saying goes, truth is often the first casualty. During the pandemic and its economic shocks, however, truth has become a blessing for some. Take the African country of Chad. When its debt levels grew too onerous late last year, it was forthcoming with creditors about its finances. By February, the International Monetary Fund (IMF) agreed to loan it $560 million. In return, Chad promised to improve its “debt transparency.”

For poor countries with rising foreign debts, honesty in financial data has become a necessity if they expect credit relief. Even before the pandemic, nearly half of low-income countries were already in debt trouble. Now with the worst recession in peacetime since the Great Depression, many big borrowers have either defaulted, such as Lebanon and Zambia, or are at risk of doing so. For Africa, its average ratio of debt to gross domestic product is expected to rise by 10 to 15 percentage points this year, up from around 60% before the pandemic. Brazil’s public debt is higher than its GDP.

But creditors, whether private or government, often doubt official financial figures, especially about loans from China that are generally not published. The value of openness in governance has never been more important. Last April, the Group of 20, representing the world’s richest nations, agreed to freeze the debt obligations of some 73 countries. More than 40 have taken advantage of the offer – knowing that international creditors such as the IMF and its sister organization, the World Bank, would insist on better disclosure of data.

With the G-20’s window for debt leniency closing in June, the group has again hinted at fresh relief. This time it might come through loans that rely on the IMF’s own currency, known as “special drawing rights.” And again, the G-20 is stressing financial probity.

Any debt relief for African countries would require a credible commitment to bold governance reforms, states Akinwumi Adesina, president of the African Development Bank Group, in a new report. “The nexus between governance and [economic] growth is the right focus for putting Africa on a sustainable debt path and forestalling any need for a future debt relief,” he wrote.

Debt transparency can play a critical role in reducing the cycles of boom and bust in indebtedness, write Ceyla Pazarbasioglu of the IMF and Carmen Reinhart of the World Bank in a Bloomberg commentary. “Transparency is a global public good,” they state. It helps create trust among creditors. It may also help lift the pandemic-hit economies of poorer nations. Many, like Chad, have already seen the benefits of honesty.


A Christian Science Perspective

About this feature

Each weekday, the Monitor includes one clearly labeled religious article offering spiritual insight on contemporary issues, including the news. The publication – in its various forms – is produced for anyone who cares about the progress of the human endeavor around the world and seeks news reported with compassion, intelligence, and an essentially constructive lens. For many, that caring has religious roots. For many, it does not. The Monitor has always embraced both audiences. The Monitor is owned by a church – The First Church of Christ, Scientist, in Boston – whose founder was concerned with both the state of the world and the quality of available news.

Getting to know God as the source of all that’s good and true empowers us to defend ourselves from the effects of scams and falsehoods.


A message of love

Clodagh Kilcoyne/Reuters
Women in Dublin, Ireland, display signs at a March 16, 2021, protest against violence, following the charge of a British police officer in the London kidnapping and murder of Sarah Everard in early March. As her death sparked outrage over the wider issue of women's safety in Britain, Prime Minister Boris Johnson said Monday night that the government would more than double funding for neighborhood safety measures, The Associated Press reported.
( The illustrations in today’s Monitor Daily are by Karen Norris. )

A look ahead

Thank you for joining us today. Please come back tomorrow for an essay from a writer who had to deal with doubts about his future – even from his family – when he lost his sight. But his grit, and humility and patience with himself, helped him find success.

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2021
March
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