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Zambia debt impasse exposes flaws in the G20 framework

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ZAMBIA

This brings the three-year attempt to negotiate a debt-restructuring deal to a halt at the last hurdle. The parties must now try to salvage the deal before the end-of-year…

Climate needs and debt to hit lower-income states hard

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INTERNATIONAL

Debt distress is related to both global financial conditions -- such as the strength of the US dollar -- and growing climate vulnerabilities. Greater attention and funding to…

African debt distress increases instability risks

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AFRICA

If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…

Climate finance will grow but huge challenges persist

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INTERNATIONAL

Climate investment globally topped USD1tn last year but remains well short of the estimated USD8tn requirement. Most funding goes to developed economies and mitigation projects…

Prospects for Sub-Saharan African economies in 2024

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PROSPECTS 2024

Stronger economic growth in the United States, falling domestic inflation and improving government finances are expected to support the region’s exports, consumption and…

End of post-1945 economic order bodes ill for growth

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INTERNATIONAL

The system of international institutions to promote cooperation and open trade was built on the political preferences of a group of the world's wealthiest states. Over time, the…

Interest rate uncertainty keeps pressure on US bonds

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INTERNATIONAL

The Fed and ECB seem set to diverge, with the latter expected to cut rates in June. There is a rising prospect, bolstered by the resilient US labour market and Middle East…

Elections could prove awkward for Maldives president

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MALDIVES

The two parties associated with him are currently in the minority in the unicameral legislature. Muizzu came to power after winning last year’s presidential race. He was a…

Commercial property poses risks for narrow focus banks

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EUROPE

Banks in larger EU states are heavily exposed to European and US CRE markets, which have further to fall in 2024. Writedowns are underway, dealing a blow to sentiment and harming…

Beijing will strive to revive growth

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CHINA

Held on October 30-31, it was attended by President Xi Jinping and various top officials. The conference formulated priority tasks to address financial risks the country is facing…