Tag: debt
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China backs Sri Lanka’s debt restructuring, paving way for $1.2 billion IMF bailout
The International Monetary Fund on Tuesday said Sri Lanka had secured financing assurances from China, India and all its major bilateral creditors, paving the...
African countries are charged ‘extortionate’ rates on debt, UN chief says
HEAVILY indebted African countries are getting a raw deal from the international financial system which charges them ‘extortionate’ interest rates, the UN Secretary-General Antonio...
World Bank may loosen loan ratio to free up $4 billion a year
The World Bank, under pressure to do more to help developing countries cope with climate change, may change its internal lending guidelines to free...
Ghana inflation dips in January, first fall since May 2021
Ghana's consumer inflation slowed slightly to 53.6% year-on-year in January from a more than two-decade high of 54.1% in the previous month, data showed...
Public debt in Middle East and North Africa a ‘concern,’ fiscal action needed, IMF says
The head of the International Monetary Fund said on Sunday that public debt in some Middle East and North Africa (MENA) states is of...
