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4 Oct 24
The International Monetary Fund has called for a “strategic pivot” in global fiscal policy to forestall an unsustainable trajectory of debt as governments come under growing pressure to ramp up...
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23 Jul 24
An in-principle agreement between Ukraine and many of its creditors will see the nominal value of its debt decrease and the maturity extended, and help the government continue to fund its defence in...
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4 Jun 24
The countries most at risk from the climate emergency face debt obligations that have reached their highest level in over three decades.
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26 Apr 24
Auditors looking into Zambia’s public debt found large amounts of wasted spending from undrawn loans, as well as overpayments for equipment.
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19 Apr 24
Restructuring efforts for two struggling countries’ debts have hit snags as deals with private bondholders flounder.
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26 Mar 24
Zambia has moved a step closer to exiting its years-long default after agreeing a restructure deal covering billions of dollars of debt with a group of its private bondholders.
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9 Feb 24
Procurement deal with US and a bond buy-back scheme raise profile
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16 Jan 24
A preliminary deal to restructure Ghana's bilateral debt could unlock almost $1.2bn of concessional finance to invest in “critical” public infrastructure, the nation’s Ministry of Finance has said.
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9 Jan 24
Six advanced economies have confirmed a three-year suspension of debt servicing costs to Ukraine and urged other creditors to follow suit.
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9 Jan 24
Higher borrowing costs and slower economic growth will likely see the Hungarian government fail to reduce its debt this year under current plans, the nation’s fiscal council has warned.
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3 Jan 24
Higher military spending will require Israel to make around £6.5bn of cuts over the next two years to prevent a debt spike and maintain market confidence, the nation’s central bank chief has said.
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15 Dec 23
Surging interest rates pushed the cost of servicing many of the poorest countries’ debts last year to a record $443.5bn, World Bank figures have shown.
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1 Dec 23
Hundreds of economists and climate experts have asked rich countries to cancel debt for lower income countries, which are often bearing the brunt of the climate crisis while being starved of the...
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1 Dec 23
An agreement in principle to restructure almost $6bn of outstanding debt is a milestone for Sri Lanka, according to a treasury minister.
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21 Nov 23
Zambia’s official creditors have objected to a deal the government made with private bondholders to restructure $3bn of eurobond debt.
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17 Nov 23
Germany cannot use €60bn carried over from previous years to fund clean energy and industrial projects, following a ruling by the country’s constitutional court.
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27 Oct 23
A preliminary agreement to restructure more than $3bn of Zambian government debt will pave the way for future agreements and release more funding to aid developments, the nation’s finance minister...
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20 Oct 23
We publish an edited excerpt from The Paradox of Debt – a New Path to Prosperity Without Crisis by Richard Vague.
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13 Oct 23
Debt restructuring takes time but the trend is that the G20’s common framework is yielding faster results, the IMF’s managing director has said when defending the programme from criticism.
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15 Sep 23
New Zealand’s budget will not return to a surplus until 2026-27 according to its latest forecast – a year later than previously planned.
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22 Aug 23
High debt costs “trap” many countries in the Global South in a cycle of fossil fuel production as they try to generate enough revenue to service their borrowing, representing a barrier to phasing out...
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8 Aug 23
Dozens of countries will see their credit ratings cut unless the world cuts greenhouse gas emissions and slows climate change, research has suggested.
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4 Aug 23
Repeated last-minute fixes to the US debt limit have hit confidence in the country’s government to such an extent that Fitch downgraded its rating, also warning of growing debt and rising deficits.
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21 Jul 23
$3bn loan won’t solve existing problems including food dependency
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4 Jul 23
Germany will not see tax rises in 2024 despite finance minister Chrisian Lindner’s insistence on returning the country to its ‘debt brake’ rule needing a €20bn austerity package.
4 Oct 24The International Monetary Fund has called for a “strategic pivot” in global fiscal policy to forestall an unsustainable trajectory of debt as governments come under growing pressure to ramp up...
23 Jul 24An in-principle agreement between Ukraine and many of its creditors will see the nominal value of its debt decrease and the maturity extended, and help the government continue to fund its defence in...
26 Apr 24Auditors looking into Zambia’s public debt found large amounts of wasted spending from undrawn loans, as well as overpayments for equipment.
9 Feb 24Procurement deal with US and a bond buy-back scheme raise profile
16 Jan 24A preliminary deal to restructure Ghana's bilateral debt could unlock almost $1.2bn of concessional finance to invest in “critical” public infrastructure, the nation’s Ministry of Finance has said.
9 Jan 24Six advanced economies have confirmed a three-year suspension of debt servicing costs to Ukraine and urged other creditors to follow suit.
9 Jan 24Higher borrowing costs and slower economic growth will likely see the Hungarian government fail to reduce its debt this year under current plans, the nation’s fiscal council has warned.
3 Jan 24Higher military spending will require Israel to make around £6.5bn of cuts over the next two years to prevent a debt spike and maintain market confidence, the nation’s central bank chief has said.
1 Dec 23Hundreds of economists and climate experts have asked rich countries to cancel debt for lower income countries, which are often bearing the brunt of the climate crisis while being starved of the...
1 Dec 23An agreement in principle to restructure almost $6bn of outstanding debt is a milestone for Sri Lanka, according to a treasury minister.
17 Nov 23Germany cannot use €60bn carried over from previous years to fund clean energy and industrial projects, following a ruling by the country’s constitutional court.
20 Oct 23We publish an edited excerpt from The Paradox of Debt – a New Path to Prosperity Without Crisis by Richard Vague.
13 Oct 23Debt restructuring takes time but the trend is that the G20’s common framework is yielding faster results, the IMF’s managing director has said when defending the programme from criticism.
15 Sep 23New Zealand’s budget will not return to a surplus until 2026-27 according to its latest forecast – a year later than previously planned.
22 Aug 23High debt costs “trap” many countries in the Global South in a cycle of fossil fuel production as they try to generate enough revenue to service their borrowing, representing a barrier to phasing out...
8 Aug 23Dozens of countries will see their credit ratings cut unless the world cuts greenhouse gas emissions and slows climate change, research has suggested.
4 Aug 23Repeated last-minute fixes to the US debt limit have hit confidence in the country’s government to such an extent that Fitch downgraded its rating, also warning of growing debt and rising deficits.
21 Jul 23$3bn loan won’t solve existing problems including food dependency
4 Jul 23Germany will not see tax rises in 2024 despite finance minister Chrisian Lindner’s insistence on returning the country to its ‘debt brake’ rule needing a €20bn austerity package.
