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8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
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6 Dec 16
Eurozone finance ministers have agreed on short-term debt relief measures for Greece, but remain divided on the country’s fiscal targets and the reforms needed to reach them.
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1 Dec 16
The election of incoming US president Donald Trump looks set to hurt Africa’s access to finance for key projects at a time when economic growth is already slowing, the UK’s Overseas Development...
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29 Nov 16
European governments need to pick up the slack in fiscal policy in order to support growth in the eurozone, European Central Bank president Mario Draghi has said.
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29 Nov 16
Zimbabwe has launched its controversial new currency, pegged to the US dollar, in the hope of easing a crippling cash crisis.
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21 Nov 16
Debt-laden Puerto Rico has been advised on what is set to be the biggest debt restructuring in the municipal bond market, and told it will no longer be able to rely on the US for support.
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15 Nov 16
The International Monetary Fund has lifted a number of sanctions imposed on Zimbabwe for its unpaid arrears to the fund, although the cash-strapped country will still be unable to access new lending...
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15 Nov 16
The Greek economy has clawed its way out of recession for the first time in two years, registering two consecutive quarters of growth.
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9 Nov 16
Disgruntled Mozambique bondholders have formed a creditors' committee to prepare for an expected default and resist the government’s efforts to restructure its debt.
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8 Nov 16
Brazil’s federal government has frozen the accounts of the financially imperilled state of Rio de Janeiro and ordered it to repay millions of dollars in arrears.
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7 Nov 16
Greek prime minister Alexis Tsipras has purged his government of leftist ministers resistant to the unpopular reforms demanded by the country’s creditors.
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2 Nov 16
The global economy is to grow at its slowest annual rate in 2016 since the recession in 2009, according to the UK’s National Institute of Economic and Social Research.
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31 Oct 16
Mozambique’s bondholders have told the country its hopes to renegotiate its debts by the end of the year are “unrealistic”, according to the Financial Times.
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27 Oct 16
The United Nations has called for action to tackle what it called the mounting sovereign debt crises in many developing countries, which put achievement of the 2030 Sustainable Development Goals at...
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24 Oct 16
Zimbabwe has cleared its $108m arrears with the International Monetary Fund after 15 years.
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11 Oct 16
Greece is set to receive €2.8bn ($3.1bn) from its European creditors after the country passed a number of required reforms relating to pensions, the energy sector and the privatisation of state...
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7 Oct 16
International Monetary Fund managing director Christine Lagarde has launched another attack on the “economic malpractice” of protectionism amid growing fears of a worldwide backlash against...
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6 Oct 16
The world’s “unprecedented” and “unsustainable” $152tn debt mountain must be urgently tackled before it triggers another, deeper global economic crisis, the International Monetary Fund has stressed.
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5 Oct 16
Nigerian president Mohammadu Buhari is planning to outdo his government’s record 2016 spending next year, according to budget proposals sent to the country’s parliament for approval.
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30 Sep 16
Brazil should pursue tougher austerity policies to bridge its substantial fiscal gap and pull its economy out of a painful recession, according to the International Monetary Fund.
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26 Sep 16
Greece’s creditors need to offer more substantial relief options to tackle the country’s €248bn ($279bn) debt mountain, the International Monetary Fund has said.
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22 Sep 16
The United Nations has warned of growing fears of a fresh sovereign debt crisis as poorer states that borrowed heavily in good economic times struggle to weather lower levels of growth.
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16 Sep 16
The president of Mozambique will work with the International Monetary Fund to set the terms of an international audit on the country’s public debt, the fund announced today.
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12 Sep 16
Russia will vote against the release of the next tranche of an International Monetary Fund loan to Ukraine, the country’s finance minister Anton Siluanov said today.
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12 Sep 16
Greek prime minister Alexis Tsipras has said criticised international creditors for squabbling among themselves over potential debt relief for the country, which he claims is exacerbating its...