Prime Minister Mario Draghi called on Italians on Wednesday to pull together to help rebuild the country following the coronavirus pandemic and promised his new government would introduce sweeping reforms to revitalise the battered economy.
Ecuador's government has introduced a bill to the National Assembly that would bar the country's central bank from using its international reserves to finance public spending, a change recommended by the International Monetary Fund (IMF).
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LUSAKA (Reuters) - Zambia has scaled back, postponed or cancelled projects to reduce the southern African copper producer’s debt exposure as it holds talks to secure a programme from the International Monetary Fund, the central bank governor said on Wednesday.
Zambia, which became Africa’s first pandemic-era sovereign default late last year, began discussions with the IMF last week and has requested debt relief under a new common framework from the Group of 20 major economies.
“Our understanding is that actions are being taken to scale down and reduce the debt exposure of the country, if not stop it for now,” Bank of Zambia Governor Christopher Mvunga told journalists, adding that discussions with the IMF had been “cordial”.
A group of major Argentine creditors has criticized the South American country for "erratic" economic policies that it says are hitting growth and weighing on bond prices five months after the government restructured some $65 billion in foreign debt.
Major bitcoin corporate backer MicroStrategy Inc on Wednesday upsized a debt offering through convertible notes to $900 million, with the proceeds to be used for buying more of the digital currency.