Tag: debt

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China’s rising clout spotlighted at finance chief meetings before G7 summit

The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies did not single out China as a threat in their...

North Africa backslides toward swirling debt troubles

Tunisia and Egypt are edging closer to major debt crises that could suck in a volatile North Africa region and pose tough choices to...

China and US debt woes may dominate G7 finance chiefs’ talks

China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify...

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...

Africa needs bilateral help to cope with major funding squeeze, IMF says

Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its...

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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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