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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.

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…

Laos is at growing risk of sovereign debt default

Location:

LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

Sri Lanka faces several obstacles in debt talks

Location:

SRI LANKA

Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…

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…

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…

Italy's rejection of ESM reforms will continue

Location:

EU/ITALY

Reforms to the ESM, which is the EU’s main bailout fund, were agreed by member states in 2021 but implementation has been halted by Italian opposition. The vote exposed divisions…

Post-poll turmoil may worsen Pakistan’s economic woes

Location:

PAKISTAN

The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…

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…

Zimbabwe may struggle to resolve its economic crisis

Location:

ZIMBABWE

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…