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Angola's renewed China dependence will bring more pain

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ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

Jakarta will champion developing countries in G20 role

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INDONESIA

Indonesia is the G20’s president this year. It is set to host the 17th G20 summit in Bali in late October.

Georgieva will face World Bank diplomatic test

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INTERNATIONAL

World Bank leadership change.

Lebanon’s central bank vacuum heralds more devaluation

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LEBANON

A cabinet meeting yesterday to discuss a replacement failed to achieve quorum, as key political forces boycotted it. The first deputy governor, who succeeds by default, has…

Iran’s banking reforms will falter

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IRAN

Iran’s banking sector in urgent need of reform.

Sri Lanka faces several obstacles in debt talks

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SRI LANKA

Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…

INDCs will drive global climate finance growth

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INTERNATIONAL

In preparation, 146 countries submitted climate action plans that are ambitious enough to allow limiting global warning below 2 degrees Celsius. The 'Intended Nationally…

EM corporate debt is key risk to global markets

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INTERNATIONAL

The IMF's warning, contained in its Global Financial Stability Report (GFSR), shows concerns for the vulnerabilities posed by the build-up of EM corporate debt, especially…

Lebanon’s Central Bank governor will be replaced

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LEBANON

Salameh, along with his brother Raja, is under investigation in Lebanon and Europe for alleged financial irregularities following Lebanon’s 2019 economic collapse. The economy…

Beirut faces a massive challenge on aid and reform

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LEBANON

The government has drawn up a detailed document setting out the gravity of the country’s economic plight and requesting over 10 billion dollars of additional aid from the IMF and…