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21 Sep 21
A group of Lebanon’s international creditors has called for the new government to begin the debt restructuring process swiftly and to start talks with the International Monetary Fund.
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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.
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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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23 Jun 21
Argentina has reached an agreement with debtors to defer the majority of a $2.4bn loan repayment for nine months to avoid another default.
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25 May 21
Restructuring Lebanon’s public debt could set off an economic “doom loop” with serious consequences for the Lebanese banks that hold the assets, a ratings agency has warned.
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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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11 Oct 19
The Jubilee Debt Campaign has accused the IMF of acting against its own policies and incentivising reckless lending.
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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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26 May 17
Fitch Ratings has warned that a plan for Azerbaijan’s government to take on $2.3bn in debt from an ailing state-owned bank would increase public dues without alleviating uncertainty.
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17 May 17
How the small island territory of Puerto Rico found itself at the centre of the US’s biggest ever public bankruptcy process, and why this might not be enough to solve the island’s problems for good
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21 Nov 16
Debt-laden Puerto Rico has been advised on what is set to be the biggest debt restructuring in the municipal bond market, and told it will no longer be able to rely on the US for support.
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15 Nov 16
The Greek economy has clawed its way out of recession for the first time in two years, registering two consecutive quarters of growth.
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9 Nov 16
Disgruntled Mozambique bondholders have formed a creditors' committee to prepare for an expected default and resist the government’s efforts to restructure its debt.
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31 Oct 16
Mozambique’s bondholders have told the country its hopes to renegotiate its debts by the end of the year are “unrealistic”, according to the Financial Times.
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13 Jun 16
China must act quickly to reduce its corporate debt mountain, driven mainly by state-owned enterprises (SOEs), the International Monetary Fund’s first deputy managing director has said.
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11 Dec 15
A policy change will now allow the International Monetary Fund to lend to countries that are in arrears with their creditors.
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14 Oct 15
When Detroit filed for bankruptcy in 2013, it wasn’t the first time the city faced ruin. So how were its public finances restructured, and what can other cities learn from its experience?...
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27 Aug 15
Ukraine and its creditors have agreed a debt-restructuring package that will see $4bn written off and maturities extended for four years.