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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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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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23 Jun 23
Zambia’s bilateral creditors have agreed a deal to restructure billions of dollars worth of loans through the G20’s much-criticised ‘common framework’.
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14 Oct 22
High oil prices mean Chad does not require relief on its debts, according to a statement from a group of countries that had previously agreed to arrange it.
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2 Aug 22
A group of Zambia’s major official creditors has announced its intention to restructure the country’s debts through a G20 initiative set up amid the disruption of Covid-19.
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21 Feb 22
G20 finance ministers and central bank governors have failed to reach an agreement on making changes to their debt restructuring framework that had been proposed by the International Monetary Fund...
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11 Feb 22
The International Monetary Fund wants G20 finance leaders to strengthen their debt restructuring framework to better help crisis-hit countries out of default.
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14 Oct 21
The G20 must “urgently” compel private sector lenders to commit to restructuring deals for the debts of crisis-hit countries, according to a debt campaigning organisation.
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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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18 May 21
Slow progress on a debt treatment deal has led to Ethiopia’s credit rating being downgraded as private sector lenders look increasingly likely to lose money.
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5 Feb 21
Covid-19 has led Ethiopia seeking relief on its large public debts as it tries to make fiscal space to deal with the crisis.