Tag: bilateral loans
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Critical Zambian Bondholder Vote to Take Place Today
A coalition of Zambian bondholders is expected to cast their votes today (Wednesday) to decide on whether or not to grant the government a six-month repayment holiday on $3 billion of Eurobond notes, according to sources quoted by Bloomberg. Results are scheduled to ...
IMF and World Bank Leaders Say the World’s Debt System is Broken and in Need of Urgent Repair
Leaders from the International Monetary Fund and the World Bank, including IMF chief Kristalina Georgieva, declared that the current "debt architecture" is broken and needs urgent action to prevent a full-blown crisis in some of the world's poorest countries. "The ...
A Primer in How Chinese Development Finance Works in Africa
Today, China is the world's largest official creditor, more twice as large as the World and the International Monetary Fund combined. Nowhere is this more evident than in Africa where Beijing has lent an estimated ...
Africa Debt Relief Update With Bloomberg’s Alonso Soto
Seven months into the worsening African debt crisis and still there's no prospect for any meaningful relief in sight. The situation grows even direr by the day as more countries struggle to pay for rising healthcare costs brought on by the ...