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G20 finance ministers and central bankers agreed on Wednesday to extend a moratorium on debt interest payments for the poorest countries, which could lag behind the global recovery from the...
United Nations Secretary-General Antonio Guterres said the world faces intense problems of debt sustainability because of the coronavirus crisis that have not been properly understood or addressed, the Financial...
Lebanon’s plight is not just piteous but shocking, to say the least. The reported wrangling among the politicians has dealt a body blow to the economy, with the currency losing...
Few countries would like to face the conditions Lebanon is facing at the moment. It is a nation virtually under siege, bearing the brunt of economic and, due to the...
Lebanon’s financial health is worsening. And it is not just because of the coronavirus. Its leaders are reportedly equally responsible for the state of the nation’s economy. Lebanon’s economy faces...
The Non-performing debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than Dhs869.85 million. The...
British government debt has exceeded £2.0 trillion for the first time following large state borrowing as the coronavirus pandemic pushed the UK economy deep into recession, official data showed...
Argentina will keep pushing for talks with global creditors even as a deadline for its $65 billion debt restructuring proposal passed on Friday with little sign it had the...
Brazilian public sector debt and deficit figures for March released recently gave a glimpse of the fiscal strain to come from the coronavirus crisis, as the national debt surged...
Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus...
