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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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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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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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5 Sep 23
Nations must be prepared to adopt policies to safeguard financial markets as high interest rates and slow growth could lead to rising arrears, the global fiscal watchdog has warned.
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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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11 Apr 23
Debt payments are set to take up more government revenue in developing countries than at any point since 1998, researchers have found.
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31 Mar 23
Emerging economies are facing a challenging environment with inflation, high interest rates and low growth, and rating agency S&P Global has warned this will hurt their creditworthiness in the...
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7 Dec 22
The Hungarian government has blocked an €18bn European Union package to support Ukraine’s budget and fund the war effort against Russia.
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6 May 22
Tightening monetary policy poses risks to Japan’s debt dynamics when the government already has the largest debt of any investment-grade country, rating agency Fitch has warned.
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6 Apr 22
Russia’s finance ministry has said it had to make dollar bond payments in rubles after the US blocked payments using dollars held in US banks in an attempt to put pressure on the government amid the...
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6 Apr 22
Governments remain set to borrow nearly a third more this year than they did before the Covid-19 as the pandemic, inflation and geopolitical concerns keep the economy on shaky footing, analysts have...
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16 Dec 21
Worldwide debt rose to 256% of GDP in 2020 according to new statistics released by the International Monetary Fund.
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12 Oct 21
Debt problems faced by poorer countries require a “comprehensive” solution, the World Bank chief has said after publishing his organisation's latest review of debt statistics.
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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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18 Aug 21
Increased debt in many economies resulting from the Covid-19 pandemic may lead to increased financial risks in the future, according to ratings agency Fitch.
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24 Jun 21
Africa will need $485bn of additional financing between 2021 and 2023 to ward off a debt crisis, the president of the continent’s largest multilateral development bank has said.
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13 May 21
Myanmar’s alternative 'national unity government' will not honour the ruling junta’s debts if it gains power, its finance minister has said.
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13 Apr 21
Greece’s public debt rose to 207% of GDP at the end of 2020 but remains on a sustainable footing, according to ratings agency Fitch.
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1 Apr 21
Private creditors are making big profits from lending to developing countries during Covid-19. With poorer governments left with less to spend on tackling the pandemic, the need for debt cancellation...
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29 Mar 21
An impending debt crisis in developing countries will lead to “another lost decade” without decisive action, according to the head of the United Nations.
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25 Feb 21
The world’s richest countries borrowed a record $18trn from the markets in 2020, an OECD report into Covid-19’s effect on debt has found.
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19 Feb 21
Covid-19 led public debt to a record high in 2020, as governments borrowed three times as much as they did the previous year while trying to fight the virus.
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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.
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10 Dec 20
High debt among Chinese local governments poses a “key risk” during the country’s recovery from Covid-19, ratings agency Fitch has said, although the outlook for the sector remains stable.
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20 Nov 20
Germany should not let its rising debt stop it from taking “vigorous policy action” to mitigate the economic effects of Covid-19, the IMF has said after a visit to the country.
19 Apr 24Restructuring efforts for two struggling countries’ debts have hit snags as deals with private bondholders flounder.
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.
5 Sep 23Nations must be prepared to adopt policies to safeguard financial markets as high interest rates and slow growth could lead to rising arrears, the global fiscal watchdog has warned.
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...
11 Apr 23Debt payments are set to take up more government revenue in developing countries than at any point since 1998, researchers have found.
7 Dec 22The Hungarian government has blocked an €18bn European Union package to support Ukraine’s budget and fund the war effort against Russia.
6 May 22Tightening monetary policy poses risks to Japan’s debt dynamics when the government already has the largest debt of any investment-grade country, rating agency Fitch has warned.
6 Apr 22Russia’s finance ministry has said it had to make dollar bond payments in rubles after the US blocked payments using dollars held in US banks in an attempt to put pressure on the government amid the...
6 Apr 22Governments remain set to borrow nearly a third more this year than they did before the Covid-19 as the pandemic, inflation and geopolitical concerns keep the economy on shaky footing, analysts have...
6 Sep 21Angola 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.
24 Jun 21Africa will need $485bn of additional financing between 2021 and 2023 to ward off a debt crisis, the president of the continent’s largest multilateral development bank has said.
13 May 21Myanmar’s alternative 'national unity government' will not honour the ruling junta’s debts if it gains power, its finance minister has said.
13 Apr 21Greece’s public debt rose to 207% of GDP at the end of 2020 but remains on a sustainable footing, according to ratings agency Fitch.
25 Feb 21The world’s richest countries borrowed a record $18trn from the markets in 2020, an OECD report into Covid-19’s effect on debt has found.
5 Feb 21Covid-19 has led Ethiopia seeking relief on its large public debts as it tries to make fiscal space to deal with the crisis.
10 Dec 20High debt among Chinese local governments poses a “key risk” during the country’s recovery from Covid-19, ratings agency Fitch has said, although the outlook for the sector remains stable.
