Senegal’s $2.2bn IMF Deal: Debt Restructuring and Political Risks Still Ahead
Economy

Senegal’s $2.2bn IMF Deal: Debt Restructuring and Political Risks Still Ahead

Dakar has secured a staff-level $2.2bn IMF programme, but final approval hinges on transparency reforms, creditor assura...

Niamh O'Sullivan 👁 17 💬 0
IMF Sees $4.7 Billion of Egypt State Divestment Proceeds Going to Debt Reduction
Economy

IMF Sees $4.7 Billion of Egypt State Divestment Proceeds Going to Debt Reduction

The estimate is conditional on completing remaining asset sales and allocating at least half to debt, while the fund war...

Niamh O'Sullivan 👁 62 💬 0
Africa’s $74.5bn Risk Premium: The Case for Home-Grown Credit Ratings
Economy

Africa’s $74.5bn Risk Premium: The Case for Home-Grown Credit Ratings

UN adviser Ahunna Eziakonwa says biased sovereign risk perceptions cost Africa an estimated $74.5bn in extra debt-servic...

Niamh O'Sullivan 👁 48 💬 0
Brazil's Gross Public Debt Hits 81.9% of GDP, Highest Since 2021
Economy

Brazil's Gross Public Debt Hits 81.9% of GDP, Highest Since 2021

Brazil's gross government debt rose 0.9 percentage points in June to 81.9% of GDP, the highest since April 2021, as inte...

Niamh O'Sullivan 👁 33 💬 0
Global rating firms buy African local insight just as continent readies its own credit agency
Markets

Global rating firms buy African local insight just as continent readies its own credit agency

S&P Global and Moody's are snapping up domestic rating agencies across Africa, betting that on-the-ground expertise beat...

Yael Ben-David 👁 36 💬 0
Colombia’s Comptroller Launches Early Audit of Finance Ministry as Fiscal Alarm Bells Ring
Economy

Colombia’s Comptroller Launches Early Audit of Finance Ministry as Fiscal Alarm Bells Ring

Cash pressures, a record debt issuance, a controversial bond swap and a yawning gap between tax targets and actual colle...

Niamh O'Sullivan 👁 31 💬 0
IMF Chief Georgieva Praises Milei's Austerity, Says Argentina Has Regained Market Confidence
Economy

IMF Chief Georgieva Praises Milei's Austerity, Says Argentina Has Regained Market Confidence

During a rare visit to Buenos Aires, IMF head Kristalina Georgieva declared Argentina is now in a much stronger position...

Niamh O'Sullivan 👁 41 💬 0