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BBCNEWS The July 4, 2024

And zambia has been seen by many as a test case for how well the common framework works. But despite protracted negotiations, the zambia Debt Relief Deal has collapsed, raising doubts about the workability of the common framework. Zambias president hakainde hichilema, who inherited a huge Debt Overhang when he was elected in 2021 has been spearheading efforts to get the countrys economy back on track. I spoke to the zambian president in an exclusive interview and began by asking him about the economy. I think we did our part as a country in terms of meeting our obligations. We did that well ahead of time. Now it is for the other part of the stick to come on board. The bilateral creditors, i think we are doing reasonably well. Delayed . Yes, it was delayed. But the private creditors, we now need to close and put this to bed so that it can create the headroom we needed, we ant ....

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Gov't vows enhanced monitoring of real estate PF market

Troubled builder Taeyoung Engineering & Construction has received 96.1 percent of support from creditors to move forward with a debt restructuring program, its main creditor s. ....

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Founder of ailing builder Taeyoung offers fresh self-rescue measure

The founder of debt-ridden Taeyoung Engineering & Construction on Tuesday drew up a fresh self-rescue measure, repeating his appeal for creditors to allow the ailing builder to enter a debt restructuring program. ....

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Correction to BHP Article

Samarco s existing financial debt will be exchanged for up to $3.7 billion of long-term unsecured debt. BHP, Vale Joint Venture Gets Court Approval for Debt Restructure Plan at 0713 GMT incorrectly. ....

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Global community must collaborate to restructure debt: Fiance Minister

Addressing the seminar, Chief Economic Advisor V Anantha Nageswaran said the world is witnessing increasing debt vulnerabilities. ....

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