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IMF unlikely to resolve Zambia's debt conundrum

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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…

Angola's renewed China dependence will bring more pain

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ANGOLA

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…

Mozambican debt fallout will persist over Kroll report

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MOZAMBIQUE

Risk firm Kroll was looking into undisclosed state loans worth 2 billion dollars, but it said that the Mozambican government did not collaborate fully with the firm's…

Zambia debt crisis faces imminent tipping point

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ZAMBIA

President Edgar Lungu and his Patriotic Front (PF) government are increasingly struggling to mobilise resources to meet repayments amid continued high public spending. Meanwhile…

Debt will be key challenge for new Laos leadership

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LAOS

LAOS: Debt will be key challenge for new leadership

India has pivotal role in Sri Lanka’s crisis response

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SRI LANKA

Colombo is seeking a bailout of up to USD4bn from the Fund to ease the foreign exchange (forex) crisis which prompted it to suspend external debt servicing earlier this month…

Greek government will implement austerity grudgingly

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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…

Ghana borrowings may prompt eventual return to the IMF

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GHANA

The Bank of Ghana (BoG) has bought up unprecedented levels of treasury bonds but now wants to scale back its role. Finance Minister Ken Ofori-Atta is looking to international…

Sri Lanka government will shrug off unpopularity

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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…

COVID-19 crisis will test Ghanaian fiscal discipline

Location:

GHANA

Ghanaian economic shocks.