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Caribbean debt initiatives highlight disaster impact

Location:

CARIBBEAN

Multilateral debt relief options.

More developing countries will face debt distress

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INTERNATIONAL

EMDC debt distress.

IMF unlikely to resolve Zambia's debt conundrum

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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…

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…

G20 framework promises to ease Africa’s debt woes

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AFRICA

Chinese creditors now look set to waive debt payments due between May 2020 and June 2021, when the G20's Debt Service Suspension Initiative (DSSI) currently expires, although…

Jordan’s debt levels are sustainable for the present

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JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Ethiopia’s conflict clouds the economic outlook

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ETHIOPIA

Both are desperately needed, as G20 debt service relief will soon expire, and as the conflict in northern Ethiopia increasingly strains the economy and the government’s finances.

Somalia’s debt relief process creates political risks

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SOMALIA

The government has made significant progress in enacting critical reforms and legislation to support the management of public finances, but serious questions over their…

Kenya’s IMF programme will help close financing gap

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KENYA

Facing a worsening fiscal situation amid the COVID-19 pandemic but reluctant to participate in G20 debt restructuring, Kenya arguably had few other options than to apply for new…

Baltic fiscal prudence will return even with low debt

Location:

BALTIC STATES

Monthly output in Estonia started contracting from June. GDP (adjusted) stagnated in the first quarter of 2022, and contracted quarter-on-quarter in the following two quarters…