Search results

Ethiopia restructuring puts bondholders under pressure

Location:

ETHIOPIA

Although a 14-day grace period to make the payment or agree a payment suspension has yet to expire, there is now a high risk that a default is imminent.

Zimbabwe may struggle to resolve its economic crisis

Location:

ZIMBABWE

This translates into soaring prices for essential goods with dire implications for the estimated 43% of the population living in extreme poverty. Contributing to the situation is…

Ethiopia's forex crunch will aggravate reform pressure

Location:

ETHIOPIA

The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…

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…

Angola's renewed China dependence will bring more pain

Location:

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…

Ethiopia’s conflict clouds the economic outlook

Location:

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.

Politics will dictate Sudan’s economic outlook

Location:

SUDAN

The dialogue explicitly aims to assist Sudan’s military rulers and political forces to agree on reviving the transition to democracy. It is also critical to the economic outlook…

Sudan's coup clouds the economic outlook

Location:

SUDAN

This largely formalises the administrative status quo since the October 25 coup, but it also underscores that a resolution to the political impasse between the coup leaders and…

Creditors will seek geopolitical gains in debt talks

Location:

INTERNATIONAL

Whereas developed economies and China have benefited from USD9tn in fiscal stimulus and USD5tn in liquidity, EMs have less scope because they cannot issue local-currency debt…

Sri Lanka’s economic crisis is far from resolution

Location:

SRI LANKA

Prime Minister Ranil Wickremesinghe, only appointed in May, has also said he will quit. Wickremesinghe has played a key role in talks with the IMF over a desperately needed…