Tag: debt
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Somalia is approaching main debt aid following World Financial institution assessments
https://i2.wp.com/www.busiweek.com/wp-content/uploads/2023/03/somalia-WB.gif?fit=1000,600&ssl=1 https://globalcourant.com/somalia-is-approaching-main-debt-aid-following-world-financial-institution-assessments-2/?feed_id=6761&_unique_id=6427680f31856
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Ghana strikes to $13 billion debt talks with worldwide
Ghana’s debt talks have taken a significant step ahead as the federal government engages one of many world’s largest monetary advisory corporations in formal negotiations, reported Reuters earlier this week. Lazard of Bermuda represents Ghana, whereas Rothschild of Paris represents worldwide bondholders, who account for the majority of the nation’s international debt. The talks concern…
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Another look at African debt and the exploitation of natural resources
Africa is endowed with abundant and diverse natural resources and natural capital wealth. Nearly 8% of the Earth’s natural gas reserves, one-third of the world’s mineral reserves, and one-tenth of the world’s oil reserves live in Africa. Also, more than two-thirds of the world’s cropland and one-third of the world’s CO2 storage from tropical rainforests…
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Reform skepticism proves blockade to debt settlement in Zimbabwe
Akinwumi Adesina, president of the African Development Bank (AfDB), was the last top official to call on the government of Zimbabwe to respect human rights and take steps to facilitate free and credible elections at a debt restructuring rally in Harare on Feb. 23. “The governance working group would enable us to address critical issues…
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Relief over the Credit Suisse bailout was short-lived as bank stocks
Bank stocks and bonds tumbled Monday after UBS Group sealed a state-backed takeover of troubled competitor Credit Suisse Group AG, a deal orchestrated in an attempt to restore confidence in a battered sector. In a package developed by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.24 billion) for the…
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Relief over the Credit Suisse bailout was short-lived as bank stocks
Bank stocks and bonds tumbled Monday after UBS Group sealed a state-backed takeover of troubled competitor Credit Suisse Group AG, a deal orchestrated in an attempt to restore confidence in a battered sector. In a package developed by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.24 billion) for the…
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Debt spiral warning for consumers in South Africa
The most recent Eighty20/XDS Credit Stress Report for the fourth quarter of 2022 shows an increasing appetite for credit among South Africans, with more than 800,000 new entrants to the credit market over the period. However, this has been accompanied by a rapidly growing number of loans, especially credit card, VAF and home loans, which…
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Reform skepticism proves blockade to debt settlement in Zimbabwe
Akinwumi Adesina, president of the African Development Bank (AfDB), was the last top official to call on the government of Zimbabwe to respect human rights and take steps to facilitate free and credible elections at a debt restructuring rally in Harare on Feb. 23. “The governance working group would enable us to address critical issues…
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Relief over the Credit Suisse bailout was short-lived as bank stocks
Bank stocks and bonds tumbled Monday after UBS Group sealed a state-backed takeover of troubled competitor Credit Suisse Group AG, a deal orchestrated in an attempt to restore confidence in a battered sector. In a package developed by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.24 billion) for the…
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Biden budget would lead to ‘record’ national debt, watchdog
President Biden’s newly proposed budget for fiscal year 2024 will lead to a “record” national debt, a watchdog warned. The Biden administration submitted the new proposal on Thursday, which outlines the president’s goals in economics, education, climate and health care for the next decade. But the committee for a responsible federal budget warns that the…