Debt swaps could unlock $100b for climate action
Debt for climate and nature swaps, a mechanism where indebted countries receive debt relief in exchange for…
Browsing Tag
IMF
Ghana fails to reach deal with intl. debtors
Ghana failed to reach a deal with international bondholders to restructure $13 billion of debt, which hinders its…
Climate spending may push nations to debt crisis
Emerging countries are facing a record external debt service of $400 billion this year as they allocate the…
Zambia in talks to restructure $3.3b of commercial debt
Zambia is in talks to restructure $3.3 billion of commercial debt, following a recent agreement with overseas…
WB upgrades Sri Lanka’s growth outlook to 2.2% in ’24
The World Bank (WB) upgraded its forecast for Sri Lanka's economy, predicting 2.2 per cent growth in 2024 as the…
IMF to complete 3rd review of Egypt’s recovery programme at June-end
The third review of the reform program in Egypt would be completed by the end of June, followed by the disbursement…
Asia factory activity slumps in March
Factory activity in many Asian economies weakened in March, with some exceptions in China and South Korea.
URGENT: IMF board approves expanded $8 billion loan deal
The International Monetary Fund’s (IMF) executive board has approved the the augmentation of the current loan…
IMF chief urges c. banks independence amid political pressure
International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that central banks are under…
IMF, Sri Lanka reach staff-level agreement on second review of funding package
The International Monetary Fund (IMF) announced on Thursday that it had reached a staff-level agreement with the…