Tag: debt

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G20 to discuss international debt architecture, more loans to developing nations

Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture...

Nigeria amasses $3 billion debt to traders for oil swaps – sources

Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for fuel supplies and...

At Paris summit, World Bank unveils debt payment pause for disaster-hit countries

The World Bank chief announced a raft of measures on Thursday to aid countries hit by natural disasters, including a pause in debt repayments...

African economies debt outlook remains “cloudy” – World Bank economist

The outlook for Africa's debt sustainability remains "cloudy" as low growth and high inflation challenge the stability of many economies across the continent, the...

France lobbies G7 over Africa debt, climate impact

The Group of Seven (G7) wealthy nations need to take more responsibility in boosting crisis financing for vulnerable countries across the world and work...

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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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