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Egypt's external debt looms large

Location:

EGYPT

Meanwhile, the government is struggling with significant accumulated debt, including USD11.8bn that is scheduled to be repaid to the IMF over the next two years alone. The IMF…

Nigerian central bank may face political pressure

Location:

NIGERIA

This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…

Swiss policy turn may dampen Polish consumption

Location:

EUROPE

The impact on Central Europe of the reverse in Swiss monetary policy.

Greek coalition will play politics at debt talks

Location:

GREECE

The government, with half an eye on a snap election, is determined not to accede to prolonged austerity without the trade-off of significant debt relief. Timing is all. The…

IMF inclined to shun third Greek bailout

Location:

GREECE/INT

EU institutions have offered modest debt restructuring but are demanding higher levels of repayments for a decade, financed by tax hikes and spending cuts that would be legislated…

Rising African debt to backfire on unwise issuers

Location:

AFRICA

This typifies a growing debt problem facing Sub-Saharan African (SSA) states borrowing in dollars: as local currencies depreciate on softening commodity prices, repayment costs…

African debt distress increases instability risks

Location:

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…

Debt deal improves the outlook for Zambia

Location:

ZAMBIA

Separately, it says it has now also opened talks with private bondholders to try to reach a similar understanding over USD3bn in dollar-denominated bonds.

Currency swings will weigh on Angola's debt position

Location:

ANGOLA

Starting today, this will increase the price of petrol at the pump from AOA160 (USD0.27) to AOA300 per litre. This occurs in a context of a weakening currency and high debt…

Next Argentine president will face tough IMF demands

Location:

ARGENTINA

With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…