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The United States Treasury Secretary Janet Yellen will push for immediate action on requests by Ghana and Zambia for restructuring their sovereign debts during the 2023 Spring Meetings of the International Monetary Fund (IMF) and the World Bank this week. 

A record number of developing nations are at risk of a debt crisis, as ballooning inflation escalates borrowing costs.

U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, Treasury said on Monday. Yellen, who is slated to meet counterparts from around the world during this week’s meetings of the […]

Treasury Secretary Janet Yellen will press for a speedy resolution of Zambia and Ghanas requests for sovereign debt restructuring this week, the Treasury said on Monday. | Pulse Nigeria

The IMF warned in a report released Tuesday that chances of a "hard landing" for the world economy have risen on the back of financial sector stress.

<p><span>Thank you all for being here. And thank you to the World Bank and IMF for hosting the Spring Meetings. I know that it will be a productive week.</span></p>

As global growth slows, the World Bank has warned that the outlook is especially tough for the poorest economies, which grapple with sluggish growth driven by heavy debt burdens and weak investment

US Treasury Secretary Janet Yellen said on Tuesday there remains "considerable room for improvement" in the global debt restructuring process, as world

US Treasury Secretary Janet Yellen said Tuesday that she has not seen evidence of a contraction in credit, despite fears that households and firms could have a tougher time borrowing after recent banking…

WASHINGTON: US Treasury Secretary Janet Yellen said on Tuesday there remains “considerable room for improvement” in...