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26 May 20
Argentina has defaulted on its debts for the third time since the year 2000, and the president has said he will not enter any restructuring agreement with creditors that delays the country’s economic...
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20 May 20
Huge fiscal responses to the Covid-19 pandemic are being announced around the world, not least in Asia. Civil servant in Pakistan Muhammad Afnan Alam details the situation and how it might impact the...
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22 Apr 20
In 1948, the US passed an initiative that sent more than $12bn (the equivalent of about $128bn today) to Western Europe to recover from the Second World War. Dag Detter argues the world will need...
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17 Apr 20
G20 countries have agreed a finance plan to help some of the poorest countries in the world during the coronavirus pandemic.
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14 Apr 20
The IMF has wiped six months of debt repayments for 25 of the world’s poorest countries, to give them space to deal with the coronavirus pandemic.
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14 Apr 20
A new $10bn fund has been announced by the African Development Bank to help the continent’s governments respond to the coronavirus pandemic.
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9 Apr 20
Public sector lenders should take the lead in pioneering innovative loan contracts that allow borrowers to better respond to crises like the coronavirus, argues international development and...
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7 Apr 20
Nigeria has asked for nearly $7bn from multilateral lenders to help it fight the impact of the coronavirus pandemic after its economy was hit by falling oil prices.
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2 Apr 20
Developed nations should put together a $2.5trn rescue package to help protect developing economies from the fallout of the coronavirus pandemic, the UN has said.
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2 Apr 20
The coronavirus crisis has shown the EU’s fiscal rules to be in immediate need of reform, senior economists at Finland’s national audit office have claimed.
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24 Mar 20
Increased borrowing costs and falling income from commodities amid the coronavirus pandemic are making poor countries’ debt crises even worse, according to the Jubilee Debt Campaign.
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18 Mar 20
Chad is paying back a $100m loan from Angola with thousands of cattle, the Angolan state-run newspaper has reported.
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13 Mar 20
Could a public-private partnership programme with the World Bank offer Sri Lanka a smarter way to develop its infrastructure?
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9 Mar 20
Lebanon is set to default on its debts after the prime minister stopped a bond payment he said the government cannot afford while Lebanese people suffer.
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2 Mar 20
The IMF has secured enough money to wipe $334m of Somalia’s debt, bringing the beleaguered east African country one step closer to wholesale debt relief.
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30 Jan 20
Lebanon’s 2020 budget has been passed by its parliament, with politicians desperate to see off an economic crisis.
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9 Jan 20
Burdensome debts are forcing poor countries to cut public spending - a situation campaigners have described as a “recipe for disaster”.
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20 Dec 19
Poor countries’ debt reached a record $55trn in 2018, after the fastest surge in nearly 50 years, a World Bank study has found.
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17 Dec 19
The draft Portuguese budget projects the first fiscal surplus since the country’s transition to democracy 45 years ago.
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4 Dec 19
Ireland is on track for record corporation tax receipts this year, although the finance minister has warned the surge will not last forever.
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26 Nov 19
The sixth consecutive year of sluggish economic growth in South Africa has led IMF economists to call for “decisive” reform.
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21 Nov 19
Emerging and developing economies are less prepared for a crisis than they were in 2008, a World Bank study has found.
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15 Nov 19
Persistent high debt levels in rich countries have left governments less able to react to economic shocks.
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29 Oct 19
Argentina’s new anti-austerity president-elect has vowed to “rebuild the country from the ashes” after taking over an economy in crisis.
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22 Oct 19
China must “substantially restructure” its approach to development finance through its Belt and Road Initiative to quash accusations of ‘debt trap diplomacy’, a think-tank has said.