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IMF says poor countries need nearly $500 billion in external financing through 2026
Reuters via Yahoo Finance· 1 year agoLow-income countries will need nearly $500 billion in external financing during the 2022-2026...
Somalia expected to receive major debt relief this week
Reuters via Yahoo Finance· 5 months agoSomalia is expected to get major debt relief this week, slashing its debt-to-GDP ratio to less than 6% in a historic move that would allow it to rejoin the international financial system after ...
30 Heavily Indebted Poor Countries
Insider Monkey via Yahoo Finance· 8 months agoIn this article, we will list poor countries with substantial debt, and discuss the role of foreign corporations in allievating poverty in these...
Somalia secures 99% debt cancellation from Paris Club creditor nations
Reuters via Yahoo Finance· 2 months agoSomalia secured the cancellation of 99% of the debt it owed to members of the Paris Club of creditor nations, the Paris Club said on Wednesday, a milestone in the war-scarred country's efforts ...
African Sovereigns: Deeper, Co-ordinated Debt Relief Needed to Strengthen Credit Profiles
FX Empire via Yahoo Finance· 11 months agoDistressed African countries risk having weaker credit profiles for longer unless there are better...
Half a trillion in debt haircuts essential for sustainability - study
Reuters via Yahoo Finance· 1 year agoUp to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of default return to sounder fiscal footing and meet climate and development goals, ...
