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Developing countries in general, and African countries in particular, confront an enormous financing challenge to meet the UN’s sustainable developm
COP 26, Glasgow, 3rd November 2021The United Nations Economic Commission for Africa (ECA) is pleased to announce the establishment of The Liquidity and Sustainability Facility (LSF) that will be dedicated to providing African governments with a liquidity structure on par with international standards so as to address the African Continent’s specific Eurobond issuance needs.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Zim’s external debt balloons to US$17bn Business Writer Zimbabwe is in debt-distress as it closed the year 2020 owing to its external creditors as much as US$10,523 billion in Public and Publicly Guaranteed debt with more expected to be loaded on the total bill, Business Weekly can reveal. The country’s external Public and Publicly Guaranteed (PPG) debt could balloon to above US$17 billion if debts accumulated by the central bank are factored in. The Reserve Bank of Zimbabwe’s debts are, however, still expected to go through the process of “due diligence, validation and reconciliati...