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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.
ZAMBIA: Debt deal represents a major step forward
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DOI: 10.1108/OXAN-ES280043
ISSN: 2633-304X
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Geographic
Topical
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
A deal under the G20 Common Framework for Debt Treatment was expected by end-2022. However, amid geopolitical tensions, China has been blamed for the delay by figures including US…
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DOI: 10.1108/OXAN-DB276008
ISSN: 2633-304X
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Geographic
Topical
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…
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DOI: 10.1108/OXAN-DB273525
ISSN: 2633-304X
Keywords
Geographic
Topical
Nigerian state finances.
WEST AFRICA: Currency changes gain official momentum
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DOI: 10.1108/OXAN-ES252752
ISSN: 2633-304X
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Geographic
Topical
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
Keywords
Geographic
Topical
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…