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Nairobi cancelled a bond sale last year; it has 17 months to rebuild its credibility with investors before seeking to refinance a USD2bn Eurobond.
However, due to the Fund's outdated quota calculations, underperforming states would benefit the most, while Africa's most dynamic economies would see limited gains.
However, their campaign promises, some of which are ambitious, may be constrained by a difficult budgetary situation, something which neither camp denies.
The report has dominated the economic news in South Sudan as macroeconomic conditions in the country have deteriorated rapidly. Soaring inflation, low oil prices and a persistent…
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DOI: 10.1108/OXAN-DB213739
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
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DOI: 10.1108/OXAN-DB257977
ISSN: 2633-304X
Keywords
Geographic
Topical
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…