-
1 Mar 23
Concerns over a potential debt default and restricted access to new borrowing have led to ratings agency Moody’s downgrading Pakistan’s credit rating.
-
24 Jan 23
The restructuring of the Zambian government’s debt is key to progressing welfare and education reforms, and ensuring financial sustainability, senior finance figures have said.
-
19 Dec 22
The Ghanaian government has suspended payments on all bonds, commercial loans and bilateral debt, as the nation seeks to restructure its debts.
-
18 Oct 22
The World Bank has placed all development loans made to Belarus through its subsidiary lender to a non-performing status because of overdue payments.
-
11 Oct 22
The acceleration of reforms aimed at collecting additional revenue and debt restructuring will help Sri Lanka to support its poorest and aid its financial recovery, economists at the World Bank have...
-
22 Aug 22
The International Monetary Fund has said it will need “adequate assurances” from Sri Lanka’s creditors, before it agrees a new deal with the nation, amid an economic crisis.
-
12 Aug 22
The Central Bank of Argentina has implemented another sharp interest rate hike, to help reduce inflation that is rising at its fastest rate in decades.
-
12 Jul 22
The prime minister and president of Sri Lanka will resign after the country’s economic crisis led to months of protests.
-
5 Jul 22
The Argentine government is at a heightened risk of another debt default following the resignation of its finance minister, an expert has warned.
-
23 May 22
The Ukrainian government’s credit rating has slumped further into junk status due to the unsustainable debt levels brought on by the costly Russian invasion.
-
20 May 22
Sri Lanka’s central bank has confirmed the government has defaulted on foreign debt repayments for the first time in the country’s 74-years of independence.
-
12 Apr 22
The Sri Lankan government has suspended repayments on external loans, as it works with the International Monetary Fund to develop a debt restructuring plan.
-
10 Jan 22
A disagreement between Argentina and the International Monetary Fund on refinancing a $45bn loan has seen the price of the nation's bonds tumble.
-
7 Dec 21
Managing debt levels and drawing in new finance will be key to funding Africa’s recovery from Covid-19, according to experts.
-
5 Oct 21
A failure to increase or suspend the US debt limit could lead to negative credit rating actions, according to ratings agency Fitch.
-
20 Sep 21
Argentina's leader Alberto Fernandez has called for unity in the South American country, as it attempts to recover from a financial crisis exacerbated by Covid-19.
-
26 Jul 21
Treasury Secretary Janet Yellen has confirmed that debt limits will be reimposed on US local government next month, to prevent a historic default on repayments following Covid-19.
-
1 Jun 21
The Lebanese government’s deliberate inaction on imposing reforms has led to one of the greatest financial crises in the last two centuries, according to the World Bank Group.
-
23 Sep 20
Zambia has asked to suspend debt service payments for six months to allow it to deal with the Covid-19 hit to its public finances.
-
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...