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New bonds support Greek exit from bailout in 2018

Location:

GREECE

Greece’s return to bond markets.

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…

Zambia debt impasse exposes flaws in the G20 framework

Location:

ZAMBIA

This brings the three-year attempt to negotiate a debt-restructuring deal to a halt at the last hurdle. The parties must now try to salvage the deal before the end-of-year…

US corporate debt distress will rise

Location:

UNITED STATES

US corporate debt default and bankruptcy stress is at its most intense for more than a decade in the face of higher interest rates, elevated inflation and a slowing economy. There…

Egypt's external debt looms large

Location:

EGYPT

Meanwhile, the government is struggling with significant accumulated debt, including USD11.8bn that is scheduled to be repaid to the IMF over the next two years alone. The IMF…

Sri Lanka move on domestic debt will be of limited use

Location:

SRI LANKA

Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…

Ghana's repayment moratorium may complicate debt talks

Location:

GHANA

The decision applies to Ghana’s Eurobonds, commercial term loans and most of its bilateral debt. It does not apply to multilateral debt. The government, which reached a…

Peso debt fears will mount pre-election in Argentina

Location:

ARGENTINA

After financial turbulence in the first half of 2022, the economy stabilised in the second half, and the government is estimated to have met IMF policy targets for 2022. However…

Ukraine can pile up debt without default risk for now

Location:

UKRAINE

It followed the EU’s disbursement on April 25 of a third lending tranche of EUR1.5bn (USD1.65bn) from its EUR18.0bn macro-financial assistance package. In both cases, the money…

EM corporate debt is key risk to global markets

Location:

INTERNATIONAL

The IMF's warning, contained in its Global Financial Stability Report (GFSR), shows concerns for the vulnerabilities posed by the build-up of EM corporate debt, especially…