Kenya will not seek to overhaul its debt under a G20 initiative because it fears that would curtail its ability to raise funds from global capital markets, a senior Treasury official said on Wednesday.
Distressed investment specialist Cerberus Capital Management has hauled in $4.4bn for its latest middle-market direct lending fund and separate managed accounts.
BEIJING (dpa-AFX) - China's bank lending exceeded economists' expectations in February, data from the People's Bank of China revealed on Wednesday. Banks extended CNY 1.36 trillion in local currency
Snowballing national debt
Pork barrel projects feared to hurt fiscal health
South Korea s national debt has continued to snowball, and according to the Ministry of Economy and Finance, Tuesday, it is expected to reach 965.9 trillion won ($84.7 billion) by the end of the year. This estimate includes the first extra budget bill of 2021 which has already been submitted to the National Assembly.
Last year, the state debt surged by 41.7 trillion won due to four large-scale supplementary budgets drawn up amid the persisting COVID-19 pandemic. Experts even forecast that it will surpass 1,000 trillion won by the end of the year, should this year s extra budgets amount to the same level as those from 2020.