Tag: debt

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IMF says public debt is growing faster than pre-COVID projections

Public debt is higher and growing faster than projected before the COVID-19 pandemic, driven mainly by the United States and China, the world's two...

Yellen to push for ‘speedy’ action on debt relief for Zambia, Ghana

U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts,...

Analysis: Debt crunch looms for weaker economies with a wall of bond maturities ahead

A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs...

Factbox: The developing countries facing a debt crisis

The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance...

World Bank president expresses deep concern on Zambia debt restructuring

World Bank President David Malpass said on Tuesday he remained deeply concerned about the debt restructuring stalemate in Zambia and that the bank is...

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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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