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Zambia is making progress with a $6.3 billion debt rework deal with creditor nations and China. Sri Lanka has exchanged its dollar-denominated bonds for new rupee-dominated notes, but a Treasury bond exchange has faced delays. Ghana is aiming to reduce its international debt payments by $10.5 billion and hopes to reach a deal with bondholders.
The persistent and damaging debt problems gripping a number of developing world nations will be a core topic during the G20 summit in Delhi next month. Zambia was the first African country to default during the COVID-19 pandemic and after a long-awaited burst of progress in recent months finally looks to be closing in on a repair plan. The details are still being worked on, but the government also hopes to reach a deal in the coming months with the international funds that hold its unpaid sovereign bonds.
Survey finds more than 40 per cent of postsecondary students have gambled, some up to HK$5,000 over a three-month period.
The used car dealer will pay a high price to stave off insolvency
You. >> great to be here. paul: how large a threat to u.s. security would this chinese base in cuba be, and what can we do about it? >> yeah. well, certainly, it would be an added threat. we already know their conducting one -- they're conducting one of the most comprehensive cyber and human intelligence. this would be something new. and i don't think it's surprising, i mean, this is communist cuba and communist china, and cuba as we all know has had major economic and debt problems. they don't have any money. so there's money on the table here. the fact is, i mean, so our audience understands...