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"Historically, European settlers in Kansas struggled to find a foothold until Mennonites from Ukraine arrived with seeds of Turkey Red wheat, a variety that proved able to withstand the area’s dry soil, harsh winters and extreme temperature swings." finance.yahoo.com/news/amber-wav…

One for the Matthew E. Kahn collection of Yes, we've been adapting for quite a while!

New World Bank report "Radical Debt Transparency" being discussed tomorrow in Tokyo (11am), tonight US East Coast (10pm) with registration form here (tip: put the same information in both boxes for each question). worldbank.org/en/events/2025…

CEMAC / WB Economic Barometer. Nice breakdown of the external debt by country, with a category for China bilateral and private. worldbank.org/en/region/afr/…

From the new World Bank report Radical Debt Transparency, a schematic for the Angola / JP Morgan total return swap on the December Eurobond. worldbank.org/en/news/press-…

World Bank report "Radical Debt Transparency" (reposting today since link changed overnight), led by Diego Rivetti & David Mihalyi (bsky) with contributions from Anirudh Bharadwaj Rowan Rockafellow 罗安 Roberto Lobarinhas worldbank.org/en/publication…

Lebanon / WB Economic Monitor. Nice chart bringing out how the debt ratio is not really informative about debt sustainability due to inflation-erosion of domestic debt, updated estimates of debt stock, and unfavorable debt dynamics. worldbank.org/en/country/leb…

Fiji / IMF Selected Issues Paper (part of A4 package) on sea level rise (SLR). SLR requires different perspective on adaptation & resilience than we are used to: coastal protection would be more expensive, in GDP terms, than no adaptation. imf.org/en/Publication…

NBER WP (Breza & Kaur), a survey of labor markets in developing countries: " We offer evidence on several ways in which poverty itself can dampen labor supply, so that "low" labor supply may itself be an outcome of under-development." nber.org/papers/w33908