Tag: Debt restructuring

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China debt restructuring is at impasse, says World Bank chief

China is at an impasse in terms of restructuring debts owed to it by developing nations in distress even after the World Bank made...

IMF head sees disbursement to Zambia ‘soon’, Kenya unlikely to default

 The International Monetary Fund expects to disburse the next tranche of its $1.3 billion financing program with Zambia "soon", the managing director of the...

Some Ghana bondholders received coupon payment of World Bank-backed bond -source

Some investors of Ghana's 2030 Eurobond have received coupon payments which had been due on April 14, a source with direct knowledge of the...

Zambians struggle with cost of living as debt rework drags on

The Comesa market in Zambia's capital Lusaka appears to be bustling, but traders say business is suffering as a weak local currency pushes up...

IMF: Zambia needs bilateral debt relief to secure next payout

 The next International Monetary Fund (IMF) payout to Zambia from a total loan of $1.3 billion is contingent upon its bilateral creditors reaching an...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

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...

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