Debt

Ethiopian officials are making progress towards restructuring US$8.4 billion external debts owed to official creditors, announcing an ‘agreement in principle’ on 21 March but they are locked into...

After the G7 failed to agree a blueprint to use the US$650 billion allocation of Special Drawing Rights by the International Monetary Fund, development economists are scrambling for...

The message from African finance ministers is that while the overall picture facing the continent is bleak in the wake of the coronavirus pandemic, many economies are resilient...

Radical measures for a restructuring of Africa's commercial debt and the cancellation of some official debt are under way after the offer of a limited standstill on bilateral...

World Bank President James Wolfensohn called it a 'lovefest'. True, the rich country finance ministers did reach a rare consensus in Washington on 1-3 October on the outline...