Egypt’s Devaluation Timeline Sets Back Clock for More Rate Hikes
Egypt looked past a pick-up in inflation to keep interest rates unchanged for a second month, with the
2023-06-23 16:23
Zambia Wins Debt Relief, Sets Precedent for Stressed Nations
Zambia reached an agreement in principle to restructure $6.3 billion of debt with bilateral lenders, setting a precedent
2023-06-23 14:55
IMF Touts $100 Billion for Poorest; Zambia Deal: Paris Update
The International Monetary Fund confirmed rich countries have channeled $100 billion to finance lending for the world’s poorest
2023-06-23 00:21
Zambian Currency and Eurobonds Rally on Bets of Debt Revamp Deal
Zambia’s currency and dollar bonds traded near multi-month highs, having chalked up double-digit gains so far this month
2023-06-22 17:59
A Simple Tool to Unlock Trillions of Dollars in Clean-Energy Investments
Solar and wind power are the cheapest sources of energy in most of the world. And, yet, there
2023-06-22 00:55
Ghana Economy Expands 4.2% in First Quarter, Beats Estimates
Ghana’s economy grew faster than anticipated in the first quarter, driven by the services and agricultural sectors. Gross
2023-06-21 19:55
China Begins Nationwide Push to Reveal Hidden Government Debt
China has begun a fresh round of nationwide inspections to work out how much money local governments’ owe,
2023-06-21 19:27
Unlocking Climate Trillions With a Global Plan From a Sinking Island
A financial official from an island that’s among the world’s most vulnerable to global warming has a plan
2023-06-21 12:29
Zambia Finance Chief Aims for Debt-Restructuring Deal This Month
Zambia’s finance minister is aiming to reach a debt-restructuring deal with the country’s creditors this month, an agreement
2023-06-21 03:18
Naira Falls Below Parallel Rate as Nigeria Readies New FX Rules
The naira closed weaker than the unauthorized market on Monday for the first time since the central bank
2023-06-20 18:49
Egypt Hikes Private-Sector Wages Again After Pound Devaluations
Egypt hiked the minimum wage for private-sector workers for the second time in six months, as a series
2023-06-20 17:28
IMF Working Hard on Global CBDC Platform Concept, Georgieva Says
The International Monetary Fund is “working hard” on a concept of a global infrastructure that would ensure interoperability
2023-06-19 18:29