No to a bailout for debt-riven economies and the climate fund
Emerging market economies want another round of debt relief. They also want $2 trillion a year to address climate change.
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Emerging market economies want another round of debt relief. They also want $2 trillion a year to address climate change.
Zambia's President Hakainde Hichilema on Friday blamed private creditors for holding up a long-sought debt restructuring deal for the first African nation to default after the Covid pandemic.The framework has been criticised as many African nations are either already in, or on the edge of, debt distress.
(Bloomberg) -- China Aoyuan Group Ltd. filed for Chapter 15 bankruptcy in New York on Wednesday, a move by the defaulted property developer to seek US court recognition for its offshore debt restructuring and ward off litigation. Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapThe Hedge Fund Traders Dominating a Massive Bet on BondsTrump Barred From Colorado Ballot in Unprecedented RulingVilified Zero-Day Options Blamed by Traders for S&P DeclineApple Races
It looks like Lumen will have some much needed flexibility to adjust its complicated debt situation.
S&P Global highlighted concerns regarding the significant upcoming debt maturities, estimated at approximately $4.5 billion by March 2025, coupled with restricted access to both internal cash flow and external financing.