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1 Dec 23
An agreement in principle to restructure almost $6bn of outstanding debt is a milestone for Sri Lanka, according to a treasury minister.
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20 Nov 23
Economy is strong with forecast GDP growth of 2% a year.
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6 Oct 23
Continued use of foreign reserves and rising borrowing costs have led to Egypt’s credit rating being downgraded by ratings agency Moody’s.
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2 Oct 23
Forecast budget surpluses and a steady decrease in government debt were key contributors to an upgrade in Cyprus’s credit rating, Moody’s has said while announcing the change.
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18 Sep 23
The global debt ratio will grow again despite recently falling from its pandemic high, economists at the International Monetary Fund have said.
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1 Aug 23
The controversial removal of an expensive fuel subsidy has saved the Nigerian government more than 1trn naira that will fund new social spending including expanding education, president Bola Tinubu...
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28 Jul 23
Ratings agency acts after defence spending increase
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24 Jul 23
A devaluation and new taxes are coming to help balance the books, IMF told.
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24 Jul 23
Post-election limbo is only the beginning
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17 Jul 23
Fast progress on reducing Iceland’s budget deficit will help to rebuild fiscal buffers faster than expected and points to growing resilience in the government’s finances, ratings agency Moody’s has...
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14 Jul 23
The Egyptian government has agreed to sell almost $2bn of state assets to meet the conditions of an IMF bailout.
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11 Jul 23
Reserves to be bolstered by controversial deal
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22 May 23
The Ukraine war is set to push up global borrowing despite more expensive costs, the OECD has said.
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18 May 23
Fund green lights $3bn loan programme to expedite fiscal reforms.
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16 May 23
Zimbabwe is under fresh pressure to overhaul its governance structures.
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15 May 23
Ratings agency Moody’s has warned Kenya’s domestic funding conditions have deteriorated.
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10 May 23
Sustained currency depreciation would make borrowing more expensive for Egypt and take up a higher share of revenues, eventually leading to a future credit rating cut for the government, rating...
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3 May 23
The impact of prolonged high inflation is set to hit growth across the Middle East and North Africa this year and accelerate the need for economic reforms, the International Monetary Fund has said.
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28 Apr 23
The Nigerian government has delayed plans to remove expensive fuel subsidies, despite senior officials recognising the relief is “not sustainable”.
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27 Apr 23
A bill passed by the House of Representatives to lift the debt limit and cut future spending has “no chance” of becoming law, the US president’s spokesperson has said.
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26 Apr 23
A preliminary agreement with lenders to access finance has put Sri Lanka on a path to restructuring its high level of debt, the country’s president has said.
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14 Apr 23
The Chinese government has committed to resolving disputes to enable nations in debt distress to restructure their loans, a senior official has said.
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11 Apr 23
Recent interest rate hikes by central banks across the globe will likely be reversed once inflation subsides, economists at the International Monetary Fund have predicted.
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6 Apr 23
Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
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5 Apr 23
Political instability could put reforms key to Pakistan’s recovery from Covid-19 and recent floods at risk, economists at the World Bank have warned.
1 Dec 23An agreement in principle to restructure almost $6bn of outstanding debt is a milestone for Sri Lanka, according to a treasury minister.
20 Nov 23Economy is strong with forecast GDP growth of 2% a year.
6 Oct 23Continued use of foreign reserves and rising borrowing costs have led to Egypt’s credit rating being downgraded by ratings agency Moody’s.
2 Oct 23Forecast budget surpluses and a steady decrease in government debt were key contributors to an upgrade in Cyprus’s credit rating, Moody’s has said while announcing the change.
18 Sep 23The global debt ratio will grow again despite recently falling from its pandemic high, economists at the International Monetary Fund have said.
1 Aug 23The controversial removal of an expensive fuel subsidy has saved the Nigerian government more than 1trn naira that will fund new social spending including expanding education, president Bola Tinubu...
28 Jul 23Ratings agency acts after defence spending increase
24 Jul 23A devaluation and new taxes are coming to help balance the books, IMF told.
24 Jul 23Post-election limbo is only the beginning
17 Jul 23Fast progress on reducing Iceland’s budget deficit will help to rebuild fiscal buffers faster than expected and points to growing resilience in the government’s finances, ratings agency Moody’s has...
11 Jul 23Reserves to be bolstered by controversial deal
22 May 23The Ukraine war is set to push up global borrowing despite more expensive costs, the OECD has said.
18 May 23Fund green lights $3bn loan programme to expedite fiscal reforms.
16 May 23Zimbabwe is under fresh pressure to overhaul its governance structures.
15 May 23Ratings agency Moody’s has warned Kenya’s domestic funding conditions have deteriorated.
10 May 23Sustained currency depreciation would make borrowing more expensive for Egypt and take up a higher share of revenues, eventually leading to a future credit rating cut for the government, rating...
28 Apr 23The Nigerian government has delayed plans to remove expensive fuel subsidies, despite senior officials recognising the relief is “not sustainable”.
27 Apr 23A bill passed by the House of Representatives to lift the debt limit and cut future spending has “no chance” of becoming law, the US president’s spokesperson has said.
14 Apr 23The Chinese government has committed to resolving disputes to enable nations in debt distress to restructure their loans, a senior official has said.
11 Apr 23Recent interest rate hikes by central banks across the globe will likely be reversed once inflation subsides, economists at the International Monetary Fund have predicted.
6 Apr 23Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
