Page 13 - Common Framework News Today

Zambia plunged into a state of development finance limbo after defaulting on its foreign debt.

Sovereign debt issues for emerging markets and developing economies (EMDEs) were a predictable subject of many conversations at the World Bank and IMF Annual Meetings in Marrakech. Here are our main takeaways on the state of play and how to make progress to address urgent needs amidst slow-moving processes:

The current approach to debt restructuring has failed Zambia.

Bilateral creditors such as China shoulder much of the burden and want bondholders to take a bigger hit, but the dispute could put other restructures on the continent in jeopardy, observers say.

Mamo Mihretu, governor of the National Bank of Ethiopia, talks about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.

The collapse of Zambias $3 billion bond rework deal this week is reverberating well beyond the countrys borders, raising doubts about the very framework designed to get bankrupt nations back on... -November 26, 2023 at 04:00 am EST - MarketScreener

By Libby George and Rachel Savage LONDON/JOHANNESBURG (Reuters) - The collapse of Zambia's $3 billion bond rework deal this week is reverberating well beyond the country's borders, raising doubts about the very framework designed to get bankrupt na...

The collapse of Zambias $3 billion bond rework deal this week is reverberating well beyond the countrys borders, raising doubts about the very framework designed to get bankrupt nations back on... -November 24, 2023 at 08:50 am EST - MarketScreener

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