Tag: Ethiopia

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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...

World Bank Chief Economist Gill calls for new approaches to address ‘debt crisis’

World Bank Chief Economist Indermit Gill is calling for new approaches to address the mounting debt crisis facing many countries, including steps to factor...

Debtors, creditors agree steps to jumpstart debt restructurings

Global creditors, debtor nations and international financial institutions on Wednesday agreed ways to jumpstart and streamline long-stalled debt restructuring efforts, including through improved data...

Some investors offering Ethiopia maturity extension on 2024 bond – sources

 An informal group of international bondholders has proposed to Ethiopia's government to extend the maturity of the country's $1 billion eurobond issue coming due...

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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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