Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
Tag: Government Bonds
Ukraine Strikes Debt Restructuring Deal With Creditors
The deal with private bondholders will help preserve Kyiv’s limited state budget, which is crucial to fund its military. An agreement to suspend debt payments was to expire on Aug. 1.
Ukraine Strikes Debt Restructuring Deal With Creditors
The deal with private bondholders will help preserve Kyiv’s limited state budget, which is crucial to fund its military. An agreement to suspend debt payments was to expire on Aug. 1.
Ukraine Needs Money to Fight. Can Seized Russian Assets Help?
Kyiv’s supporters are discussing how to use the interest earned by frozen Russian assets to help pay for weapons and postwar reconstruction.
Bank of England Will Overhaul Its Forecasting After Inflation Surprises
The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.
India’s Supreme Court Strikes Down Contentious Election Fund-Raising Tool
Judges found that government bonds used for anonymous political donations were unconstitutional.
Moody’s Downgrades Israel’s Credit Rating, Citing Toll of War With Hamas
Israel’s creditworthiness remains high, but the rating agency noted that the outlook for the country was negative considering the risks from the continued conflict.
Rishi Sunak Is Still Haunted by Boris Johnson and Liz Truss
Boris Johnson’s misadventures still make headlines, but Prime Minister Rishi Sunak’s bigger problem is high inflation and soaring bond yields reminiscent of those that toppled Liz Truss.
The Bank Failures, Explained
Officials are worried that a few banks’ collapse is only the beginning.
Rishi Sunak Will Face Difficult Economic Tests Immediately
As prime minister, Mr. Sunak will face a vastly different economic backdrop to the one he experienced as finance minister.