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13 Sep 21
The new Lebanese prime minister Najib Mikati has warned that “hard work” is required to implement reforms before the crisis-hit country can finance its recovery.
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8 Sep 21
Private creditors must be involved in Chad’s debt restructuring if the government is to avoid cutting services to meet interest payments, the International Monetary Fund has said.
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7 Sep 21
Egypt must find a way to reduce its debt servicing costs if it is to weather the potential shock of interest rates rising, its government has been warned.
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6 Sep 21
Angola is at risk of defaulting on its debts after International Monetary Fund support tails off, ratings agency Fitch warned as it affirmed the government’s junk status.
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1 Sep 21
Israel’s state comptroller has criticised former prime minister Benjamin Netanyahu’s management of the Covid-19 crisis, including the nation’s inability to set a national budget.
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27 Aug 21
The Nigerian government spent more than 90% of its revenues in the first half of this year on servicing debts, according to the nation’s budget office.
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25 Aug 21
New president Hakainde Hichilema vowed to reduce Zambia’s large public debt after his convincing election victory earlier this month, saying the budget has become “overwhelmed” by servicing costs.
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25 Aug 21
A worldwide rebound in oil prices, and a new International Monetary Fund programme contributed to a credit rating upgrade for Gabon, according to ratings agency Fitch.
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19 Aug 21
The Kuwaiti Cabinet has ordered all government departments to reduce spending by at least 10% this financial year, to reduce the national deficit.
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16 Aug 21
Lebanese leaders are growing increasingly tense after its central bank decided to end fuel subsidies, raising prices amid an economic crisis already pushing many people into poverty.
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13 Aug 21
South African president Cyril Ramaphosa has told politicians that corruption which has plagued the African National Congress poses an “existential threat”, after his predecessor Jacob Zuma was jailed...
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6 Aug 21
Tito Mboweni has stepped down as South Africa’s finance minister in the wake of severe social unrest tipped to harm the country’s economic rebound from Covid-19.
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5 Aug 21
Declining birth rates and increases in life expectancy could see economic growth increase for sub-Saharan African nations in the long-term, according to ratings agency S&P.
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5 Aug 21
Falling oil revenues amid Covid-19 reemphasises the need for Gulf Cooperation Council countries to diversify their economies to spread risk, according to a report by World Bank economists.
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5 Aug 21
A United Nations conference this week saw $370m donated to Lebanon, a year after an explosion tore through its capital city – but attendees warned the struggling country it must implement...
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3 Aug 21
The Rwandan government has taken advantage of low interest rates to issue a $620m bond, its second foreign currency sale.
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3 Aug 21
Israeli ministers have agreed on the first state budget since March 2018 after two years of political stalemate.
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30 Jul 21
New Lebanese prime minister Najib Mikati said this week that only a unified approach will help the nation recover from one of the greatest crises in modern history.
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28 Jul 21
Violent civil unrest in South Africa risks harming the economic recovery from Covid-19 and threatens medium-term growth, according to rating agency S&P Global.
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27 Jul 21
A political crisis in Tunisia threatens a potential International Monetary Fund programme sought by the government, authorities have been warned.
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22 Jul 21
As Africa continues to grapple with Covid-19, creating more bankable opportunities for investors will lay the foundations for longer-term growth, argues Stephen Barnes of the Johannesburg-based...
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19 Jul 21
The African Development Bank is in a strong position, even though Covid-19 saw a shift in the organisation's priorities, according to ratings agency Fitch.
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13 Jul 21
Rising hunger statistics paint a grim picture for the world’s push towards meeting the United Nations’ Sustainable Development Goals by 2030, UN secretary-general Antonio Guterres has warned.
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8 Jul 21
The International Monetary Fund has agreed a deal to loan the Seychelles US$ 107 million due to the hit to tourism it suffered following Covid-19.
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7 Jul 21
Cote D’Ivoire has been assigned a BB- credit rating by ratings agency Standard and Poor’s, reflecting increased growth potential and continued economic reforms.