WASHINGTON (Reuters) – Kenya is not expected to seek a restructuring of its debt despite current strains and a looming bond payment, the head of the International Monetary Fund’s Africa Department chief said on Friday. Abebe Aemro Selassie was speaking to reporters at the IMF and World Bank spring meetings here. Kenya has a $2 …
Kenya not seen as a debt restructuring candidate, IMF’s Africa chief says Read More »
By Libby George and Marc Jones LONDON (Reuters) – The latest bid by the world’s leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet has been greeted by a mix of cautious optimism and weary scepticism by veteran crisis watchers. Standoffs between major Western-backed lenders like the …
Analysis-No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up Read More »
(This April 13 story has been corrected to change IMF loan approval to May from June in the headline and first paragraph) ACCRA (Reuters) – Ghana expects the International Monetary Fund’s board to approve a $3 billion loan in May, Finance Minister Ken Ofori-Atta said in a presentation on Thursday. The embattled West African country …
Ghana expects IMF loan approval in May – minister Read More »
WASHINGTON (Reuters) – The International Monetary Fund said on Thursday it had not received any request from Tunisia to re-evaluate loan conditions while also denying it had imposed ‘diktats’ on the country as it considers a bailout package. “The Tunisian authorities did not ask us to reconsider the program so far,” Jihad Azour, director of …
IMF says has not received request from Tunisia to re-examine reforms Read More »
CAIRO (Reuters) -Egypt and the International Monetary Fund have yet to agree on a date for the initial review under a $3 billion financial package signed in December, an IMF official said on Thursday, a sign the lender may be growing frustrated by Cairo’s lack of reforms. The IMF in December approved a $3 billion …
IMF says yet to agree date with Egypt for programme review Read More »
By Jorgelina do Rosario WASHINGTON (Reuters) – Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform program, four sources familiar with the matter told Reuters. The IMF is still working on assessing the country’s debt sustainability after a request for a program equivalent to about …
Exclusive-Ethiopia seeking $2 billion under IMF program, sources say Read More »
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stocks rallied and bond yields were steady on Thursday after moderating U.S. producer prices and a jump in weekly jobless claims bolstered bets that the Federal Reserve may soon pause its hiking of interest rates to tame high inflation. Gold hit …
Stocks gain, gold jumps as Fed rate hike pause seen Read More »
By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) -Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she added that the southern African oil producer’s government would not tap the market this year. Angola, like other African frontier market nations, …
Angola’s next debt issuance to be ESG bond, but not in 2023 Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month highs in the previous session. Brent crude fell $1.24, or 1.4%, to settle at $86.09 a barrel, only the second time this month that the …
Oil drops 1% after scaling multi-month highs on OPEC’s demand warning Read More »
By Andrea Shalal WASHINGTON (Reuters) -World Bank President David Malpass on Thursday said progress on sovereign debt issues would be measured by actual restructuring deals being agreed for Ghana, Ethiopia and Zambia, and said there was still no agreement on his longstanding call for a standstill in debt service payments for countries seeking help. Speaking …
