Search results

Ethiopia faces tough negotiations around IMF programme

Location:

ETHIOPIA

Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…

Debt deal improves the outlook for Zambia

Location:

ZAMBIA

Separately, it says it has now also opened talks with private bondholders to try to reach a similar understanding over USD3bn in dollar-denominated bonds.

ECB liquidity may bring Greece a modest relief

Location:

GREECE

The tranche will meet debt repayments falling due until end-2016. The prospect has been held out of debt restructuring if programme commitments are fulfilled. The IMF, which has…

Beirut will need IMF support, despite political costs

Location:

LEBANON

This followed the government’s decision to default, for the first time ever, on bonds maturing on March 9. There is a mounting controversy over whether to seek financial support…

Post-lockdown prospects look bleak in Argentina

Location:

ARGENTINA

With numbers of confirmed COVID-19 cases and deaths still relatively low, there is strong support for the restrictions in place despite their economic cost. The gradual reopening…

Ethiopia faces tough monetary and fiscal rebalancing

Location:

ETHIOPIA

Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…

SVB failure spells contagion but not systemic risk

Location:

INT

The Federal Reserve (Fed) yesterday announced emergency measures to backstop banks facing short-term liquidity pressures, in order to forestall bank runs like those which…

Greece to seek end of austerity, not euro membership

Location:

GREECE

Greece's government and voters have delivered a punishing blow to euro-area policies. However, the underlying dilemmas remain unchanged: whether creditors will countenance debt…