Zambia's foreign debt crisis: This is the way to solve its crisis
Zambia plunged into a state of development finance limbo after defaulting on its foreign debt.
Source: theeastafrican.co.ke
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Main Takeaways on Debt from the Annual Meetings
Sovereign debt issues for emerging markets and developing economies (EMDEs) were a predictable subject of many conversations at the World Bank and IMF Annual Meetings in Marrakech. Here are our main takeaways on the state of play and how to make progress to address urgent needs amidst slow-moving processes:
Source: cgdev.org
Zambia's foreign debt tragedy – what needs to happen to resolve the crisis
The current approach to debt restructuring has failed Zambia.
Source: theconversation.com
China, IMF and investors can't reach a deal on Zambia's debt. What does it mean for other distressed African nations?
Bilateral creditors such as China shoulder much of the burden and want bondholders to take a bigger hit, but the dispute could put other restructures on the continent in jeopardy, observers say.
Source: scmp.com
Ethiopia finalises banking liberalisation rules as foreign currency challenges mount
Mamo Mihretu, governor of the National Bank of Ethiopia, talks about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Source: thebanker.com