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Dec 18, 2023 // The debt crisis in low-income countries continues to fester. Meanwhile, the international policy community seems to be losing traction on the problem. Can it recover its grip, or has a developing-country debt disaster become inevitable?
An end of year review: today we say goodbye to 2023, and look forward to 2024 more in hope than expectation.
Ethiopia's government told bondholders on Thursday it was hoping to negotiate a rework of its single international bond quickly and was set to include a form of "loss reinstatement" provision for investors, three sources told Reuters.
(Bloomberg) -- Ethiopia’s government aims to conclude a deal with bondholders early next year on the terms of a restructuring of a $1 billion eurobond that it declined to make a coupon payment on this month, according to investors who participated in a call with Finance Ministry officials on Thursday.Most Read from BloombergCiti Shuts Muni Business That Once Was Envy of RivalsOwner of the Philippines’ Largest Malls Says China Feud May Hurt BusinessesRange Rovers Become Thief-Magnets, Causing Pri
With the US Fed raising interest rates, the world economy is slowing as debt distress spreads across the global South, increasing poverty worldwide to pre-pandemic levels, with the poorest countries f