Japan’s prime minister on Thursday warned African leaders against accumulating too much debt, in an apparent reference to Chinese infrastructure projects
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 a disastrous 90 per cent of its value and inflation spiralling sky-high.
“The response to Covid and to the financial aspects [of the crisis] has been fragmented, and geopolitical divides are not helping,” Guterres told the FT.
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 pandemic, health woes. It has been battered by economic ruin, suffering from a dire
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 coronavirus pandemic.
India’s higher market borrowings can impact the fiscal deficit. The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government bonds
More than 11,000 inmates were released by The Correctional and Punitive Establishments at Dubai Police, after their debts were settled by Dubai charitable associations and philanthropists, worth Dhs6 million.
Speaking in Tuvalu’s capital on Tuesday ahead of the opening of the annual Pacific Islands Forum, Hawke said Australian lawmakers would soon head to Port Moresby for talks,
Argentine economists on Friday predicted a worsening recession and raised their inflation estimate to 44.4% from 40%, according to the median forecast in a monthly central bank poll.
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 toward the highest on record and deficits widened sharply.