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Some low-income countries have made progress on disclosing their debts: the latest Debt Reporting Heat Map shows a rise in disclosure from 60 percent in 2021 to 80 percent today. But other countries have regressed, and significant gaps and weaknesses remain.
Also, the DSSI is temporary and not a targeted instrument, and many private creditors have declined to participate in this initiative.
Zambia's deal with bondholders this week suggests it will finally emerge from more than three years in default -- and become the first successful restructuring under the debt-rework architecture designed by the G20. The African nation's President Hakainde Hichilema posted on X that "history has been made," while International Monetary Fund (IMF) President Kristalina Georgieva lauded the "important achievement." Global leaders hope that Ghana may soon reach its own deal with lenders, boosting the Framework before the IMF World Bank Spring Meetings in Washington, ...
By Libby George LONDON (Reuters) - Zambia's deal with bondholders this week suggests it will finally emerge from more than three years in default -- and become the first successful restructuring under the debt-rework architecture designed by the G2...
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