China has pledged to forgive 23 interest-free loans for 17 African countries and will also provide food assistance to the struggling nations, China’s foreign minister Wang Yi has announced. “China will waive the 23 interest-free loans for 17 African countries that had matured by the end of 2021,” Mr Wang...

Credit ratings agency, S&P Global Ratings has downgraded Ghana’s debt further into speculative territory, lowering the country’s foreign and local currency sovereign ratings to junk from B-/B to CCC+/C with negative outlook. In February Moody’s downgraded Ghana to Caa1 with a stable outlook. According to S&P Ghana’s outlook is negative,...

The IMF Executive Board approved on Friday a $2.34 billion assistance programme for Kenya "to address the urgent need to reduce debt vulnerability", the institution announced in a statement....

S&P Global Ratings downgraded Ethiopia’s long-term foreign and local currency sovereign credit ratings to ‘B-’ from ‘B’ on potential debt restructuring, announcing the move days after Fitch Ratings downgraded the country. “Exacerbated by the effects of the COVID-19 pandemic, Ethiopia’s structurally weak external balance sheet has deteriorated further, in our...

Through this interview, Taieb Talbi, a specialist in sovereign debt management in emerging countries, who advises several states and multinationals on investment, asset management and debt relief, gives an uncompromising flashback on the recent developments in Tunisia. Extracts.   How do you see Tunisia over the past ten years? My...

The international monetary fund announced that Mali would benefit six additional months of the relief measures concerning the debt' service. This measure was set up back in April to help the poorest countries face the pandemic. This choice to extend this service will provide to the Western African country to...

The first bond issue on its sovereign debt is worth 1 billion euros ($ 1.19 billion) with a maturity of at least 5 years, Bloomberg reports. This Eurobond could extend a previous issue which matures in early October, or redeem it. The second issue worth $ 1 billion will be...

Faced with the health, economic and social emergency caused by the coronavirus pandemic, G20 Finance Ministers agreed on Wednesday, April 15, to grant a one-year moratorium on debt service for the poorest countries. The measure, effective May 1, will temporarily free up $14 billion from public bilateral creditors. More than...