Tag: Debt restructuring

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Zambia announces debt restructuring agreement with bondholders

Zambia's finance ministry said on Thursday it had reached an agreement in principle on debt restructuring terms with a creditor group holding its international...

G20 draft welcomes moves on Zambia, Ghana debt restructurings

Finance leaders from the Group of 20 (G20) major economies welcomed "advanced work" toward finalization of a memorandum of understand for Zambia's debt treatment...

Ghana invites domestic dollar bondholders to debt restructuring

Ghana's finance ministry has invited eligible holders to exchange $809.9 million in domestic U.S. dollar bonds for a package of new bonds with lower...

Zambia debt restructuring to save $7.7 billion by 2026, IMF says

Zambia's long-delayed external debt restructuring will save the southern African country $7.65 billion by 2026, the International Monetary Fund (IMF) said in a report...

IMF approves $189 million payment to Zambia after first programme review

The International Monetary Fund's executive board has approved an immediate $189 million disbursement to Zambia following its first review of a $1.3 billion loan...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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