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Argentina seeks a $20 billion loan from the IMF to stabilize its economy, with additional negotiations for support from other financial institutions. Argentina has requested a $20 billion loan from …
Argentina Seeks $20 Billion Loan from IMF Amid Economic Struggles Read More
Argentina has requested a $20 billion loan from the IMF to stabilize its economy, facing challenges in maintaining foreign reserves and supporting a weak currency. Alongside this, the government is …
Argentina Requests $20 Billion Loan from IMF Amid Economic Struggles Read More
Ethiopia has secured an Agreement in Principle with its Official Creditor Committee, outlining financial terms for a debt treatment plan that encompasses USD 8.4 billion of public debt. The deal …
Ethiopia Achieves Debt Relief Agreement with Official Creditor Committee Read More
Ethiopia has reached an agreement with its official creditors for $2.5 billion in debt service relief from 2023 to 2028, as stated by the finance ministry. Ethiopia has reached an …
Ethiopia Secures $2.5 Billion Debt Service Relief Agreement with Creditors Read More
Ghana’s energy sector is burdened by GH¢80 billion in debt, highlighting urgent financial challenges. Minister Jinapor emphasizes the need for drastic measures and collaboration with Civil Society Organisations to restructure …
Ghana’s Energy Sector Faces GH¢80 Billion Debt Crisis, Urgent Actions Needed Read More
Ghana’s Fido has secured $30 million in debt and equity to expand its AI-powered lending services across Africa. This funding includes a $20 million Series B and $10 million in …
Ghana’s Fido Secures $30 Million to Expand AI Lending Services Across Africa Read More
Deloitte forecasts improved credit ratings for Ghana due to enhanced debt sustainability, highlighted by reductions in debt-to-GDP ratios and strategic debt restructuring initiatives. Recent upgrades from Moody’s and Fitch, alongside …
Deloitte Projects Higher Credit Ratings for Ghana Amid Improved Debt Sustainability Read More
Uganda is borrowing from commercial banks as alternative financing diminishes. Debt from these banks is approaching $2 billion, primarily for energy and transport projects. The government seeks $190 million for …
Uganda Turns to Commercial Banks Amid Financing Challenges Read More
Kenya and the IMF have agreed to begin discussions on a new lending program, abandoning the current $3.6 billion loan review. The country faces rising debt servicing costs and is …
Kenya and IMF Initiate Discussions on New Lending Program Read More
Brazil’s outstanding credit was stable in January but grew 11.7% annually, reaching 6.462 trillion reais. Default rates for non-earmarked credit rose to 4.4%, and lending spreads increased. High borrowing costs …
Brazil’s Credit Market Shows Stability in January Despite Annual Growth Read More