debt
Zambia’s risk of default highlights Africa’s debt crisis
World
November 1, 2020
Zambia’s risk of default highlights Africa’s debt crisis
KAMPALA, Uganda (AP) — Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed…
‘Fresh paint on crumbling building’: Lebanon bank clean-up raises doubts
Middle East
August 29, 2020
‘Fresh paint on crumbling building’: Lebanon bank clean-up raises doubts
LONDON/BEIRUT (Reuters) – Bankers and analysts have voiced skepticism about attempts by Lebanon’s central bank to clean up the country’s…
Tunisia president designates new PM amid hopes of ending political crisis
Middle East
July 26, 2020
Tunisia president designates new PM amid hopes of ending political crisis
TUNIS (Reuters) – Tunisian President Kais Saied on Saturday designated the interior minister as the new prime minister to succeed…
Public debt, populism and protests as Tunisia faces crisis
Middle East
July 18, 2020
Public debt, populism and protests as Tunisia faces crisis
TUNIS (Reuters) – The collapse of Tunisia’s shortest-lived government since its 2011 revolution has plunged its young democracy into a…
Debt moratorium ‘essential’ to help Africa fight coronavirus: Macron
World
April 15, 2020
Debt moratorium ‘essential’ to help Africa fight coronavirus: Macron
French President Emmanuel Macron on Wednesday called for a moratorium on the debt of African countries as “an essential step”…
Lebanon to stop paying back all debt in foreign currencies
Middle East
March 24, 2020
Lebanon to stop paying back all debt in foreign currencies
BEIRUT (AP) — Lebanon will stop paying all maturing Eurobonds in foreign currencies amid a crippling economic and financial crisis…
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
Business
March 19, 2020
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
The Central Bank of Egypt will cancel around LE 10 billion in debt owed to banks by 940,000 customers, as…
Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief
Middle East
March 14, 2020
Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief
Lebanon’s powerful Hezbollah movement, which has strongly opposed foreign interference in the country’s crisis-hit economy, said Friday it could accept…
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
Middle East
March 12, 2020
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
BEIRUT (Reuters) — After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales…
Lebanon hopes debt talks could be wrapped up within nine months: minister
Middle East
March 8, 2020
Lebanon hopes debt talks could be wrapped up within nine months: minister
BEIRUT (Reuters) – Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the…