Page 36 - Debt Resolution News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On Friday, 12 March 2021 the African Development Bank launched its flagship report – African Economic Outlook 2021 – an annual review of African economic performance. This year’s report entitled, “From Debt Resolution to Growth: The Road Ahead for Africa” focuses on debt resolution, governance and growth in Africa, while most countries are still reeling from the harsh socioeconomic impacts of the COVID-19 pandemic. The report addresses the fundamental question of how to regain growth post-COVID, and what must countries do to avoid debt distress.  

On Friday, 12 March 2021 the African Development Bank launched its flagship report – African Economic Outlook 2021 – an annual review of African economic performance. This year’s report entitled, “From Debt Resolution to Growth: The Road Ahead for Africa” focuses on debt resolution, governance and growth in Africa, while most countries are still reeling from the harsh socioeconomic impacts of the COVID-19 pandemic. The report addresses the fundamental question of how to regain growth post-COVID, and what must countries do to avoid debt distress.

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PNB also hopes to make good recovery of its exposure in crisis-hit DHFL, which is undergoing a resolution process currently.The bank has posted a net profit of ₹506 crore on a standalone basis in the quarter ended December 2020 of this fiscal

Read more about Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid on Business Standard. With this Piramal succeeds in getting the requisite 66 per cent voting, says source