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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…

Mozambican debt deal will bring only short-term gains

Location:

MOZAMBIQUE

Mozambique debt restructuring.

Argentine default fears will not subside this year

Location:

ARGENTINA

Despite exchange rate stabilisation in the last two months, the country risk premium had remained above 800 basis points since early April, reaching a peak of 1,008 on June 3…

Peronist power-plays favour debt deal in Argentina

Location:

ARGENTINA

President Mauricio Macri's Cambiemos coalition has only 15 Senate seats, and his resounding success depended on the support of the opposition Peronists -- notably the Frente para…

Mopani deal will exacerbate Zambia's debt crisis

Location:

ZAMBIA

This boosts President Edgar Lungu's re-election prospects in August, but ZCCM-IH will struggle to find a 'strategic partner' to replace Glencore. Mounting public debt will…

Sri Lanka government will shrug off unpopularity

Location:

SRI LANKA

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…

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…

Greek government will implement austerity grudgingly

Location:

GREECE

Falling bond yields suggest some return of confidence after the government's legislation of further cuts and reforms, and the successful conclusion of the second review of…