Debt Sustainability
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Global Debt Levels Rise ‘Substantially’ in 2021 – World Bank’s Malpass
WASHINGTON, Nov 12 (Reuters) – Debt levels for low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending from official bilateral ... -
A checklist to find out if your wallet is guilty of greenwashing
Comment this story Comment The boom in so-called ESG investments has been accompanied by a sharp rise in complaints of greenwashing – exaggerations or misleading statements ... -
Ruto strikes new IMF deal after State House meeting
On November 5, President Willian Ruto met with Director of the African Department of the International Monetary Fund (IMF), Abebe Aemro Selassie, at State House, Nairobi. ... -
Will Sunak overcorrect Truss’ tax mistakes?
Comment this story Comment There’s a school of thought that says the mini budget announced by Liz Truss and Kwasi Kwarteng in September was a disaster, ... -
Georgia Economic Reformer Among Resource Persons
As Sri Lanka prepares to formulate and implement reforms that will enable economic recovery, the Sri Lanka Economic Summit 2022 hosted by the Ceylon Chamber of ... -
Is there a way to lighten the work of the economy? – Editorials
EDITORIAL: The Ministry of Finance is unsure where to allocate the necessary resources to finance the tariff subsidy of Rs 19.99 per unit of electricity for ... -
Giorgia Meloni faces an economic storm as she prepares to take the helm in Italy
Until mid-summer, the Italian ceramic company Saxa Gres was on top. It achieved record first-half revenue of €50 million – compared to €43 million for the ... -
Food security for the poor – The Hitavada
By DR. GYAN PATHAK: The IMF has now said that two years of the pandemic, followed by war in Ukraine, have weighed heavily on global activity ... -
The pound rose the most in two years to surpass $1.13; Jumping gilts
(Bloomberg) — Bloomberg’s Most Read The pound rose the most in more than two years, buoyed by reports that UK government officials are working on a ... -
Italy may find November is the cruellest month
It won’t take much to push heavily indebted Italy into a debt crisis, as it is already flirting with bond yields close to unsustainable levels. The ... -
Towards an expansionary fiscal policy
The Malaysian government has proposed an expansionary fiscal policy with a 2023 budget with a total allocation of RM373.3 billion compared to RM385.3 billion in 2022. ... -
Ghana’s Monetary Policy Committee has been lazy – Dr. Ato Forson
A senior member of parliament’s finance committee has criticized the country’s monetary policy committee following the World Bank’s comment that the Bank of Ghana has delayed ... -
DG budget office admits wasteful public spending
The general manager of the Federation Budget Office, Ben Akabueze, admitted that there is waste in public spending and asked that budgetary authorities prioritize how to ... -
As the crisis mounts, Liz Truss must show competence
A rush to dump UK government bonds following a botched budget announcement forced a dramatic intervention from the Bank of England on Wednesday. The central bank ... -
Jaishankar meets with US NSA Sullivan, discusses Ukraine and Indo-Pacific | Latest India News
Washington: Foreign Minister S Jaishankar met with US National Security Adviser Jake Sullivan, considered a key architect of Ukraine’s administration as well as Indo-Pacific strategies, Tuesday ... -
Sri Lankan Foreign Minister meets China’s Wang Yi
ECONOMYNEXT – Sri Lankan Foreign Minister Ali Sabry met Chinese Foreign Minister Wang Yi in New York on the sidelines of sessions of the United Nations ... -
Ghana postpones interest rate decision to coincide with end of IMF mission
The seal of the International Monetary Fund is seen near the headquarters of the World Bank (R) in Washington, DC on January 10, 2022. (Photo by ... -
No rating change by Moody’s and DBRS | eKathimerini.com
Moody’s and DBRS Morningstar confirmed Greece’s credit rating on Friday evening, with a stable outlook, acknowledging the country’s progress and the resilience of its economy in ... -
Nasdaq partners with Onbrane to launch Nasdaq Primary, an all-in-one tool that makes debt fundraising easier and more ESG aware
JThis week, Nasdaq announced the launch of Nasdaq Primary, helping companies digitize the capital-raising process by bringing all market participants together on one platform. The product ... -
Chinese BRI: success or failure?
By Asad Mirza September 12: The recent economic upheaval followed by political unrest in Sri Lanka has once again placed China’s Belt and Road Initiative ... -
Barbados – To apply for an IMF loan
By Anne C. | on September 10, 2022 BRIDGETOWN, Barbados – Barbados Prime Minister Mia Motley announced on Friday that the country will seek ... -
How ESG-linked lending helps hold companies accountable
Comment this story Comment Virtue can bring rewards, as more and more businesses are discovering when applying for a loan. Some banks offer rebates to borrowers ... -
Analysis: The pain of breaking inflation will reverberate around the world
JACKSON HOLE, Wyo., Aug 29 (Reuters) – The message from the world’s top finance chiefs is loud and clear: runaway inflation is here to stay ... -
India facilitated diplomatic clearances for Sri Lankan Navy ship – The New Indian Express
Express press service India has facilitated diplomatic clearances for a Sri Lankan navy vessel to pick up fuel purchased by Australia. This was part of Australia’s ... -
How a Quirky German Credit Instrument Beats Volatility
Comment this story Comment When a beloved local product ramps up production, there’s always the question of whether it can gain new fans without losing what ... -
Sri Lankan customs arrest three Indians suspected of smuggling jewelry
ECONOMYNEXT – Newy has imposed maximum retail prices on eggs sold in crisis-stricken Sri Lanka, which could demotivate producers, leading to further shortages of poultry products ... -
Brazil’s Cenbank chief says people understand monetary tightening is ‘largely done’
BRASILIA, Aug 18 (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Thursday Brazil had raised interest rates earlier and faster than the rest ... -
Should India regulate gifts? | Trade Standard News
. What exactly are gifts? In simple terms, it refers to a measure of public welfare – any good or service – which is ... -
Debt trap: Why Nigeria could lose some infrastructure to China – Experts
The federal government has been warned of excessive borrowing from China and its increased dependence on external loans, which could harm the country’s political and economic ... -
Debt-for-climate swaps: analysis, design and implementation
Debt-for-climate swaps: analysis, design and implementation Author/Editor: Marcos de Chamón; Erik Klok; Vimal V Thakoor; Jerome Zettelmeyer Publication date: ... -
Ghana will have fewer goods at high prices during Christmas – GUTA warns
Share this with more people! The Ghana Traders Association (GUTA) warns that Ghanaians could buy Christmas goods at much higher prices in December this year. Goods, ... -
Navigating Sri Lanka’s rocky road to recovery
Sri Lanka’s economic crisis had been brewing for some time. Years of political missteps and a problematic growth model came to a head in early 2022, ... -
Sri Lanka should not create banking crisis by trying to achieve debt sustainability: Eran
ECONOMYNEXT – Sri Lanka should not pave the way for a banking crisis by trying to reduce public debt by imposing haircuts on rupee debt in ... -
How a new president will impact Kenya’s debt sustainability
Former Kenyan Vice President Kalonzo Musyoka delivers a speech during a campaign rally of the Azimio La Umoja (One Kenya Coalition Party) at the Jomo Kenyatta ... -
European bond yields settle for less than 3-2-1
Comment this story Comment European markets are enjoying a summer respite. Over the past six weeks, benchmark equity indices have risen 10%, the euro is slightly ... -
ABCON warns against policies that fuel inflation
With inflation at a five-year high of 18.6%, the Association of Foreign Exchange Operators of Nigeria (ABCON) has warned the Federal Government against policies that could ... -
Atlantic Council panel on Africa’s economic outlook to 2022 pushes for ‘Agenda for Africa’ at COP 27
Africa deserves the highest priority at the UN climate conference COP 27 to be held in November this year, with panel members discussing the African Development ... -
Restructure debt to avoid default, IMF warns Nigeria and others
With Nigeria’s revenues failing to cover its debt service obligations in the first four months of the year, the International Monetary Fund (IMF) has urged the ... -
Domestic financial sector showed strong resilience in 2021: CBM
The domestic financial sector has shown strong resilience in 2021 despite the difficulties faced by some sectors, according to a central bank report published on Monday. ... -
In a context of growing indebtedness, the cost of subsidies jumps by 370%
• Atiku slams FG on high loans, others The cost of the fuel subsidy is estimated to increase by 369.93% from 2021 to 2023, Saturday PUNCH ... -
d’Amico International Shipping SA announces the refinancing of bank debt maturing in 2023, related to four of its vessels, through a new sustainability-linked loan
d’Amico International Shipping SA (Borsa Italiana: DIS) (the “Company” or “DIS”), an international shipping company operating in the tanker market, announces that its subsidiary of Amico ... -
Moody’s predicts 3.9% growth for Saudi economy by 2026
Riyadh — Rating agency Moody’s expected the Saudi economy to record an average growth rate of around 3.9% during the period 2022-2026. Moody’s has released an ... -
High construction cost to double the cost of power generation
The cost of electricity generation per kilowatt from the Rooppur nuclear power plant in Bangladesh will be 9.36 cents compared to 5.34 cents for a similar ... -
The Adventures of Money by Jonathan Levy
In an era of rising new powers and new financial technologies, could the US dollar’s status as the world’s reserve currency finally come to an end? ... -
Reduce the number of ministers – Majority leader suggests to the executive
Parliament Majority Leader Osei Kyei-Mensah-Bonsu has suggested a reduction in the number of state ministers. According to him, fewer ministers than currently exist will reduce the ... -
PM Modi unveils national emblem on parliament building
PM Modi unveils national emblem on parliament building Vartha Bharati | 11-07-2022 | 15:43:00 IST Photo: PTI New Delhi (PTI): Prime Minister Narendra Modi on Monday ... -
The Pacific has a growing debt problem – and here’s what governments can do about it
Rising debt and falling income appear to add up to a stark future for Pacific island nations. But belt-tightening can make things worse. As nations converge ... -
Nigeria spends 11.8 trillion naira, $8.2 billion on debt service in 7 years
As Nigeria’s debt stock continues to rise amid analyst concerns over the country’s debt sustainability, a total of 11.784 trillion naira and $8.168 billion has been ... -
Bahrain’s economy expects 3% growth on key reforms and high oil
Bahrain’s economic activity is expected to experience a moderate rebound in 2022 and the fiscal and external positions will improve significantly in the short term and ... -
UK Export Finance Marks First Year of Fossil-Free Allocation and Sets New Emissions Targets
UKEF has promised an end to overseas fossil fuel funding in December 2020 UK Export Finance (UKEF) published its annual results documents for the 2021-22 financial ... -
The fall of the shilling inflates the external debt by 69 billion shillings
Currencies The fall of the shilling inflates the external debt by 69 billion shillings Tuesday, June 28, 2022 Central Bank of Kenya. FILE PHOTO | NMG ... -
Start-ups: sustainability and growth lie in diversity of capital, according to an analyst
By Shivam Bajaj, Founder and CEO of Avener Capital As equity investors tighten their markets, start-ups seeking growth capital should explore a diverse pool of resources ... -
Louisville Metro Council approves amended capital and operating budgets for fiscal years 2022-2023
Increased funding will go to paving, sidewalks, parks, homeless services, etc. Louisville – The Louisville Metro Board unanimously approved amended capital and operating budgets for the ... -
FSA chief takes on role with charity for funding small countries
Bettina Roth has been appointed to the board of the Small Countries Financial Management Center (SCFMC). Ms Roth, chief executive of the Isle of Man Financial ... -
Why the ECB needs new tools for bond ‘fragmentation’
Placeholder while loading article actions The European Central Bank sought to stave off the danger of a sovereign debt storm with the promise of a new ... -
Your evening reading: The brother of a prime minister guilty of rape, Copa returns and more
In case you missed them, here are some of our best articles of the day. Copa Airlines returns to Barbados after two years, marking the resumption ... -
The share of Ivorian tourism in GDP drops from 7.3% in 2019 to 1.8%, according to the minister
Saudi government reserves at central bank hit to fuel Vision 2030 investments RIYADH: Saudi Arabia’s reserves at the Kingdom’s National Bank have fallen 58% since 2016 ... -
Kenya drops proposed $1bn Eurobond citing cost
By VINCENT OWINO Kenya has abandoned plans to issue a $1 billion Eurobond that was expected by the end of June, as the rising cost of ... -
IMF plans to send in-person mission to crisis-hit Sri Lanka: spokesperson
The IMF is planning an in-person mission in the coming weeks to Sri Lanka, which is facing a very difficult economic situation, for discussions on a ... -
Sri Lankan PM urges IMF team to respond to raid
Sri Lankan Prime Minister Ranil Wickremesinghe said on Wednesday he had asked the International Monetary Fund (IMF) to send a delegation to the crisis-hit country as ... -
Sunlight REIT secures additional HK$800m sustainability loan from BOCHK | Taiwan News
HONG KONG SAR – Media OutReach – June 6, 2022 – Henderson Sunlight Asset Management Limited (the “Administrator“) and Bank of China (Hong Kong) (“BOCHK“) jointly ... -
India currently has no plans to curb food exports
Reuters, New Delhi Sat, June 4, 2022 12:30 PM Last updated on: Sat, June 4, 2022 1:04 PM Price tags are seen on samples of rice ... -
VFS Global Links Leader Performance Reviews to Sustainable Development Goals
On the way to reducing its carbon emissions VFS Global, the world’s largest specialist in outsourcing and technology services for governments and diplomatic missions around the ... -
Can borrowers continue to hit the jackpot?
“As a civil servant on a small salary, I hate inflation because it erodes my disposable income. But as a debt manager, I love it. So ... -
IMF secures $40 billion so far for new sustainability trust
A search and rescue team prepares to airlift a body from the Mzinyathi River after heavy rain caused flooding near Durban, South Africa, April 19, 2022. ... -
Is Nigeria’s central bank confused?
The Central Bank’s Monetary Policy Committee issued a statement on Tuesday, May 24, 2022, announcing that it had raised its key monetary policy rate from 11.5% ... -
Russo-Ukrainian War: What We Know About Day 87 of the Invasion | Russia
Russia takes control of the Azovstal steel plant, the country’s Defense Ministry announced on Friday evening. Ukrainian soldiers have finally ended their defense of the Mariupol ... -
Sri Lanka IMF discusses macro-fiscal plan, finance minister required for policy approval
ECONOMYNEXT – Sri Lanka and the International Monetary Fund have discussed the macro-fiscal framework for the next two years, but a finance minister is needed to ... -
Japan’s parliamentary deputy minister due to arrive soon – Pakistan
ISLAMABAD: Japan’s Parliamentary Deputy Foreign Minister Honda Taro is due to visit Pakistan soon. He will meet with the country’s top leaders during his visit. The ... -
ONE-TVM’s Utopia – Kevin Cassar
“During the first three months of the year, government revenue increased by 23%,” ONE announced triumphantly to his delighted audience. Touting the incredible achievements of its ... -
ESG and STS securitizations: the ESAs consult each other on the optional information provided by the initiators
The Sustainable Finance Disclosure Regulation (SFDR), among other things, imposes disclosure requirements on financial market participants and financial advisers about how sustainability risks are incorporated into ... -
Next president must oversee rebound – economic strategist – Manila Bulletin
As national and global economies are on a more stable path to recovery, the next Philippine president will have to deal with ballooning debt and more ... -
Government seeks to expand debt management cell as PDMA remains on the back burner
In 2015, the Ministry of Finance under Arun Jaitley was ready to make the necessary legislative changes to form the Public Debt Management Agency (PDMA), ... -
Blue Apron Announces Planned Capital Injection of $70.5 Million Through Debt and Equity Financings
NEW YORK–(BUSINESS WIRE)–Blue Apron (NYSE: APRN) today announced two significant capitalization events. The company plans to use the proceeds to repay its existing term loan and, ... -
INTERVIEW: Hedging for tough times – Business – Al-Ahram Weekly
Without revealing details, the International Monetary Fund (IMF) announced in March that Egypt had formally requested its support through a new loan agreement to mitigate the ... -
Philips launches offering of Green and Sustainability Innovation Notes and a series of responsibility management transactions
Philips International B.V. April 28, 2022 THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM A PART OF ANY OFFER OR INVITATION ... -
Caribbean countries expected to show economic growth in 2022 – Jamaica Observer
Director of the IMF’s Western Hemisphere Department, Ilan Goldfajn, speaking to reporters during the Economic Outlook for Latin America and the Caribbean. (Photo: CMC) WASHINGTON, United ... -
Political stability and IMF assistance are essential to resolve the economic crisis | Print edition
Views) : PPolitical stability and assistance from the International Monetary Fund (IMF) are essential to resolve the unprecedented severe economic crisis. The current widespread social unrest ... -
Energy prices a ‘major concern’ for South Africa – Finance Minister Godongwana
LONDON, April 22 (Reuters) – Energy prices which have soared since Russia’s war in Ukraine are a “major concern” for the South African economy, Finance Minister ... -
Freebies are a passport to tax disaster
India is a Union of States. It is not a confederation of states. It is not a question of holding together but of coming together. The ... -
OVERVIEW: Nigeria’s N4trn Budget for Petrol Subsidies is Higher than 2021 CIT, VAT Combined
On Thursday, the National Assembly approved President Muhammadu Buhari’s request to earmark 4 trillion naira for gasoline subsidy in 2022. The subsidy or under-recovery is the ... -
Why Punjab, Bihar, Rajasthan, Andhra, UP must learn from Sri Lanka, reduce debt and giveaways
New Delhi: On April 4, Prime Minister Narendra Modi held a lengthy meeting with the central government secretaries, and of the many concerns raised in the ... -
Sri Lanka Seeks India’s Help in Obtaining Bridge Funding Amid Economic Crisis | world news
NEW DELHI: Sri Lanka has sought India’s help in securing international support to secure bridge financing as it begins negotiations with the International Monetary Fund (IMF) ... -
Failure to compensate white farmers will cause Zim to inflate debt; IMF warns
By Staff Reporter ZIIMBABWE’s failure to compensate former white farmers in accordance with the agreement will lead to an increase in the country’s public debt, the ... -
Continuous inflation is as undeniable as the force of gravity
The Biden administration should stop pretending inflation is temporary and denying its cause: the federal government’s unprecedented deficit spending combined with the Federal Reserve’s debt buying, ... -
FINANCING THE FUTURE NOW
NowCM – first to offer a complete value chain in digital primary debt markets LUXEMBOURG, April 6, 2022 /PRNewswire/ — NOWCM IS THE EUROPEAN FRONTRUNNER IN ... -
Frying pan of shortages at post-IMF fire
The scorching heat of April and May will fry our workers as food and medicine become scarce, oil shortages lead to transport disruptions and power cuts ... -
IMF ready to help Central Asia ease effects of Russia sanctions
April 2, 2022 23:10 (UTC+04:00) 516 By trend The International Monetary Fund is ready to help Central Asian countries mitigate the possible economic effects of anti-Russian ... -
Environmental, Social and Governance Factors Enter the Mainstream | White & Case srl
Global concerns about climate change and inequalities highlighted by the COVID-19 pandemic have contributed to the growing demand and importance of societal expectations regarding responsible business ... -
Zimbabwe’s debt climbs to $19 billion
Deputy Chairman of the Citizens Coalition for Change (CCC) and re-elected MP for Harare East, Tendai Biti, has lambasted the government for overseeing a ballooning consolidated ... -
Covid-19 pandemic: Pakistan racks up over $10 billion in new debt (AfDB)
ISLAMABAD: Pakistan has racked up more than $10 billion in new debt during the pandemic, according to the Asian Development Bank (ADB). The bank in its ... -
Natick 2022 Candidate Profile: Kathryn Coughlin, Member of the Board of Directors
NATICK, MA — Natick voters will have a rare chance to elect two new members to the select committee. Longtime board member Sue Salamoff and Richard ... -
LB Finance acquires 65% stake in loss-making Multi Finance for Rs. 400 million – The Island
By Hiran H. Senewiratne Industry giant LB Finance PLC recently acquired a 65% stake in Multi Finance PLC at Rs. 400 million, according to market analysts. ... -
ANC’s call for 75% debt cancellation is reckless and short-sighted – Mayor Campbell
The ANC caucus in Ekurhuleni reiterated its call for 75% debt cancellation of all municipal household accounts in the town, especially debts from the previous term, ... -
Ukraine’s economy could collapse if war drags on: IMF
Published on: 03/14/2022 – 16:38Amended: 03/14/2022 – 16:36 Washington (AFP) – Ukraine’s government continues to function, the banking system is stable and debt payments are sustainable ... -
Russian-Ukrainian conflict: economic implications for Sri Lanka
The ongoing military conflict in Europe could not have come at a worse time for Sri Lanka given its own high inflation, rising energy costs and ... -
IMF report contradicts treasurer’s statement, says O’Neill
MP for Ialibu-Pangia, Peter O’Neill, said a recently released International Monetary Fund country report contradicted the economic statements of Treasurer Ian Ling-Stuckey. He said the IMF ... -
Clothing retail forecasts 25% revenue growth this fiscal year: Crisil Ratings
NEW DELHI : After a 40% decline in physical apparel (B&M) retailer sales in the last fiscal year, it is expected to increase by 20-25% this ... -
The Decline in Net Migration to the United States
Immigration Immigration By Tara Watson·March 7, 2022 Williams College and the Brookings Institution The problem: About 45 million foreign-born people currently live in the United States, ... -
Kenya raises debt ceiling and Samia rushes to borrow
By JAMES ANYANZWA Kenyan lawmakers are pushing for a change in legislation to support new debt of Ksh 4 trillion ($35.39 billion) to fund a growing ... -
IMF tells SL how to save economy – The Island
The IMF Executive Board has called on Sri Lanka to reform state-owned enterprises and adopt cost-recovery energy pricing, the Fund said in a press release yesterday. ... -
TELUS completes its first U.S. sustainability bond
VANCOUVER, British Columbia, Feb. 28 2022 (GLOBE NEWSWIRE) — TELUS today announced that it has successfully closed its previously announced offering of US$900 million of 3.400% ... -
Grenada: Final Statement from the Article IV M…
(MENAFN-Caribbean News Global) UNITED STATES / GRENADA – Grenada’s tourism-dependent economy has been hit hard by the COVID-19 pandemic. The authorities’ decisive policy response, backed by ... -
Despite PM’s ‘rave reviews’ claim, International Monetary Fund says Belize still has work to do
Views : 28 Posted: Thursday, February 24, 2022. 5:27 p.m. CST. By Aaron Humes: The International Monetary Fund (IMF) during its annual Article IV ... -
PH has ‘limited fiscal space’ as debt rises, AfDB says
MANILA – A study by the Asian Development Bank said the Philippines had “limited fiscal space” after the country’s debt levels soared during the COVID-19 pandemic. ... -
Asian bank debt issuance falls in January as Chinese lenders stay away
New debt issuance by Asia-Pacific banks fell sharply in January as Chinese lenders remained on the sidelines due to growing liquidity and funding problems in the ... -
Before another major blunder, an Argentinian haircut for the IMF — MercoPress
Before another major blunder, an Argentinian haircut for the IMF Saturday, February 19, 2022 – 09:19 UTC The $40 billion Argentina owes the IMF ... -
Poorest nations face ‘lost decade’ from COVID-19 debt crisis, warns UN
London – Finance ministers from the Group of 20 industrialized countries will start a two-day meeting in Jakarta, Indonesia on Thursday as many poor countries grapple ... -
Proposed law on state enterprises – Journal
WITH the IMF preparing to keep a strict eye on every dollar it plans to give Pakistan under its recently resumed $6 billion program, it looks ... -
The Albanian economic model criticized by the World Bank – Exit
Albania has a lot of work to do to secure its economic model, according to the World Bank’s country economic memorandum, published on Friday (February 11th). ...
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