Tag: Debt

ReutersOctober 21, 2020

© Reuters. JOHANNESBURG (Reuters) – Mozambique’s Attorney General’s Office said on Wednesday it will seek the extradition of three former Credit Suisse (S:) bankers implicated in a $2 billion debt scandal that sent the country’s economy into crisis. Andrew Pearse, Detelina Subeva and Surjan Singh, who helped arrange the loans to Mozambique, all pleaded guilty […]

ReutersOctober 18, 2020

© Reuters. FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner […]

ReutersOctober 15, 2020

© Reuters. By Tommy Wilkes LONDON (Reuters) – Bond markets have taken in their stride the trillions of dollars in pandemic spending by governments, but investors in currency markets are getting nervous about countries’ remaining fiscal firepower. With the developed world largely out of room to cut interest rates further, investors are increasingly looking at […]

ReutersOctober 15, 2020

© Reuters. IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Wednesday called for increased participation in debt relief for poor countries by private creditors and China, saying this was key to its success and a potential […]

ReutersOctober 12, 2020

© Reuters. FILE PHOTO: World Bank Group President Malpass attends news conference after meeting at Chancellery in Berlin WASHINGTON (Reuters) – Some G20 creditor countries are reluctant to broaden and extend another year of coronavirus debt service relief to the world’s poorest countries, so a six-month compromise may emerge this week, World Bank President David […]

ReutersOctober 9, 2020

2/2 © Reuters. Brent McIntosh, General Counsel, U.S. Department of the Treasury, speaks at the 2019 Milken Institute Global Conference in Beverly Hills 2/2 WASHINGTON (Reuters) – The U.S. Treasury will press countries to keep up coronavirus stimulus during International Monetary Fund and World Bank annual meetings next week and urge China to fully participate […]

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