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IMF unlikely to resolve Zambia's debt conundrum

Location:

ZAMBIA

While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…

Russian income slide will hurt poorest borrowers

Location:

RUSSIA

This will affect consumer borrowing as people become unable to afford new loans or repay old ones, and the housing market may experience a slump. Low-interest loan schemes to stop…

Prospects for South Africa to end-2020

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PROSPECTS H2 2020

Meanwhile, the already dire state of public finances is set to deteriorate further as the economic impacts of the COVID-19 dampen revenues and increase debt, further undercutting…

A full public debt restructuring overhaul is unlikely

Location:

INTERNATIONAL

The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…

Third COVID wave calls for caution from Erdogan

Location:

TURKEY

Throughout April, new cases have exceeded 40,000 per day. The surge, which followed the easing of containment measures in March, was the third and largest spike in COVID-19 cases…

Romania hopes to surmount virus’s expected second wave

Location:

ROMANIA

Government measures to support workers and companies seem to have worked. With closer state-corporate dialogue established, surveys and some data give grounds for measured…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.

Lasso faces major economic challenges in Ecuador

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ECUADOR

Lasso has promised to maintain the pro-market policies of the last four years, hoping they will revive Ecuador’s stagnant economy as the effects of the COVID-19 pandemic subside…

Zambia faces default despite bondholders’ reprieve

Location:

ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Default signals further slide for Puerto Rico in 2016

Location:

PUERTO RICO

The island's government and public agencies hold 72 billion dollars of debt obligations, but migration to the mainland United States, political unwillingness to cut spending and…