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Since its introduction in February, the local real-time gross settlement (RTGS) dollar, a de facto new local currency, has lost over 60% of its value relative to the US dollar on…
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DOI: 10.1108/OXAN-DB244607
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB257855
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB257502
ISSN: 2633-304X
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Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…
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DOI: 10.1108/OXAN-DB278564
ISSN: 2633-304X
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IRAQ: Baghdad may devalue the dinar
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DOI: 10.1108/OXAN-ES258252
ISSN: 2633-304X
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These shocks will sustain already heightened reform pressures on the government during a period of diminishing public revenue. Security crises across various states and regions…
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DOI: 10.1108/OXAN-DB257599
ISSN: 2633-304X
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In November, farmers gathered in Isfahan to complain about water scarcity. Teachers, miners, pensioners and municipal workers have also protested in recent months against a…