Debt Relief

Will Zambia be able to stand up to private creditors?

Hedge funds and banks are not ready to give even temporary debt relief to one of the poorest countries in the world.

Gutsy Zambia becomes first African country to defy private creditors

The African country wants to divert resources to take care of its people during the pandemic.

IMF, World Bank urge action to cover $44 bln gap in Africa's pandemic needs

Even after pledges of support from bilateral, multilateral and private creditors, the continent faced a gap of around $44 billion, officials said.

Africa also needs help to fight the pandemic - and it's urgent

In a matter of days, African leaders have made multiple appeals for financial aid to combat the impact of the Covid-19 pandemic.

More countries follow Imran Khan’s lead in calling for debt relief

As fears of a global recession grow as a result of the Covid-19 spread, African countries, along with the World Bank, have issued calls for a moratorium on debt payments.

Viralnomics: Is Imran Khan’s debt relief plea a feasible idea?

Poor countries are saddled with billions in loans from rich countries, and the coronavirus threatens to trap them in a vicious cycle of debt.

EU's Juncker says Greece ‘basically achieved' reform goals

European Commission President Jean-Claude Juncker says Greece has ‘basically achieved' its reform objectives, paving the way for country's debt relief.