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Developing countries in the grip of debt problems | Hellenic Shipping News Worldwide

Developing countries in the grip of debt problems | Hellenic Shipping News Worldwide
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Pakistan: Developing countries in the grip of debt problems

Zambia is making progress with a $6.3 billion debt rework deal with creditor nations and China. Sri Lanka has exchanged its dollar-denominated bonds for new rupee-dominated notes, but a Treasury bond exchange has faced delays. Ghana is aiming to reduce its international debt payments by $10.5 billion and hopes to reach a deal with bondholders.

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