Developing countries paid an unprecedented $1.4 trillion to service their foreign debts in 2023, with interest costs soaring to their highest levels in 20 years, the…
Browsing: debt
ActionAid Nigeria has called on the government to reassess its fiscal policies to reduce the country’s mounting debt burden and prevent a potential debt crisis. The…
The United States and Somalia reached a significant debt-relief agreement on Tuesday, with Washington cancelling more than $1 billion owed by the East African nation. The…
Heavy government debts may lead to various economic challenges, especially in certain African countries. These difficulties often involve a decrease in the value of the currency…
The International Monetary Fund (IMF) has projected that global public debt will reach an unprecedented $100 trillion this year, cautioning that the fiscal outlook for many…
The world’s 26 poorest countries are experiencing their highest debt levels since 2006, according to a World Bank report published on Sunday. The report reveals that…
When an African country has a large total outstanding IMF credit, it suggests that the government has borrowed a substantial amount from the International Monetary Fund…
The British government’s debt has reached 100% of the country’s economic output for the first time in recent history. This has resulted in a large budget…
The Ministry of Finance has announced in its annual debt statistical bulletin that Uganda’s debt stock increased from Shs 34.5 trillion in June 2023 to Shs…
The Zambian government has announced that it has reached an agreement with a consortium of private creditors to restructure $3 billion of its international bonds, marking…