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10 Jan 24
Depressed global growth could leave many developing countries with “paralysing” debt levels that restrict progress on international priorities such as climate change, the World Bank has said.
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15 Dec 23
A track record of sound economic management and measures to help reduce poverty in Somalia have prompted the International Monetary Fund and World Bank to approve $4.5bn of debt relief.
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16 Feb 23
Donations from European nations have ended a three-decade long battle to clear Somalia’s debt arrears with a United Nations development group, paving the way for new support.
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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.
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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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8 Sep 22
The Zambian government has requested to have billions of dollars of debt payments in the next few years relieved as it implements reforms aimed at making its economy and public finances more...
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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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1 Jul 21
Sudan will have nearly all its external debt wiped after qualifying for a World Bank and International Monetary Fund initiative.
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6 Apr 21
Around 25 countries – about one in eight – spent more on servicing debts in 2019 than on education, health and social protection combined, according to UNICEF.
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6 Apr 21
The International Monetary fund has agreed a $238m third tranche of debt relief for lower income nations, to help manage their responses to the coronavirus pandemic.
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1 Apr 21
Sudan has moved a step closer to accessing debt relief and finance from international institutions after handing over $335m to the USA to compensate terrorist attack victims.
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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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20 Oct 20
Sudan can seek relief on its $60bn of external debt after its removal from a US list of state sponsors of terrorism, the country’s prime minister has said.
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6 Oct 20
Some of the world’s poorest countries will continue to benefit from debt service relief for another six months, after the IMF extended its scheme.
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16 Sep 20
Africa needs fiscal space to deal with the pandemic, and it needs help from its creditors to get it, according to Senegalese president Micky Sall. Author NJ Ayuk explains why this doesn’t go far...
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17 Apr 20
G20 countries have agreed a finance plan to help some of the poorest countries in the world during the coronavirus pandemic.
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14 Apr 20
The IMF has wiped six months of debt repayments for 25 of the world’s poorest countries, to give them space to deal with the coronavirus pandemic.
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2 Apr 20
Developed nations should put together a $2.5trn rescue package to help protect developing economies from the fallout of the coronavirus pandemic, the UN has said.
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26 Mar 20
The International Monetary Fund and World Bank are calling on G20 countries to step up debt relief for poorer nations, during the coronavirus pandemic.
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2 Mar 20
The IMF has secured enough money to wipe $334m of Somalia’s debt, bringing the beleaguered east African country one step closer to wholesale debt relief.
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23 Oct 19
Somalia is progressing with economic reforms and hopes to have its debts wiped soon, the country’s finance minister has said.
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4 Apr 19
Urgent action is being demanded to tackle a growing debt crisis among poor countries, whose foreign debt payments soared by 85% between 2010 and 2018.
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9 Jul 18
Updating the way Official Development Assistance is recorded could change – and even save – lives in some of the poorest places in the world, says Eurodad's Polly Meeks.
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16 Jun 17
Critical bailout funds for Greece have been agreed at the eleventh hour after months of wrangling amongst creditors, with the International Monetary Fund offering conditional backing to the package.
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2 May 17
Greek bailout officials have reached a deal on future austerity measures in the country, including pension and tax cuts and ending six months of wrangling.
10 Jan 24Depressed global growth could leave many developing countries with “paralysing” debt levels that restrict progress on international priorities such as climate change, the World Bank has said.
15 Dec 23A track record of sound economic management and measures to help reduce poverty in Somalia have prompted the International Monetary Fund and World Bank to approve $4.5bn of debt relief.
16 Feb 23Donations from European nations have ended a three-decade long battle to clear Somalia’s debt arrears with a United Nations development group, paving the way for new support.
24 Jan 23The restructuring of the Zambian government’s debt is key to progressing welfare and education reforms, and ensuring financial sustainability, senior finance figures have said.
14 Oct 22High 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.
8 Sep 22The Zambian government has requested to have billions of dollars of debt payments in the next few years relieved as it implements reforms aimed at making its economy and public finances more...
1 Jul 21Sudan will have nearly all its external debt wiped after qualifying for a World Bank and International Monetary Fund initiative.
6 Apr 21Around 25 countries – about one in eight – spent more on servicing debts in 2019 than on education, health and social protection combined, according to UNICEF.
1 Apr 21Sudan has moved a step closer to accessing debt relief and finance from international institutions after handing over $335m to the USA to compensate terrorist attack victims.
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.
16 Sep 20Africa needs fiscal space to deal with the pandemic, and it needs help from its creditors to get it, according to Senegalese president Micky Sall. Author NJ Ayuk explains why this doesn’t go far...
17 Apr 20G20 countries have agreed a finance plan to help some of the poorest countries in the world during the coronavirus pandemic.
2 Apr 20Developed nations should put together a $2.5trn rescue package to help protect developing economies from the fallout of the coronavirus pandemic, the UN has said.
26 Mar 20The International Monetary Fund and World Bank are calling on G20 countries to step up debt relief for poorer nations, during the coronavirus pandemic.
23 Oct 19Somalia is progressing with economic reforms and hopes to have its debts wiped soon, the country’s finance minister has said.
4 Apr 19Urgent action is being demanded to tackle a growing debt crisis among poor countries, whose foreign debt payments soared by 85% between 2010 and 2018.
9 Jul 18Updating the way Official Development Assistance is recorded could change – and even save – lives in some of the poorest places in the world, says Eurodad's Polly Meeks.
16 Jun 17Critical bailout funds for Greece have been agreed at the eleventh hour after months of wrangling amongst creditors, with the International Monetary Fund offering conditional backing to the package.
2 May 17Greek bailout officials have reached a deal on future austerity measures in the country, including pension and tax cuts and ending six months of wrangling.
