Tag: debt

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Davos 2023: World Bank: Zambia needs ‘desperate’ debt relief under challenging Common Framework

Zambia needs "desperate debt relief" and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank's managing director of operations...

European borrowers start year with record 170 bln euro debt sale spree

European debt sales have had their fastest start to the year on record as governments and financial institutions take advantage of borrowing costs falling...

Bankers bet billions on new wave of debt-for-nature deals

The Galapagos Islands, whose thousands of unique species inspired Darwin's theory of evolution, have incalculable ecological value. But what are they worth? Perhaps around $800...

Germany to take on 45.6 billion euros in new debt in 2023

Germany will comply with its constitutional debt brake next year for the first time since 2019, even as it takes on significantly more new...

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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...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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