debt

A historic trial five years ago, this corruption case had plunged the country into the most serious financial crisis since its independence and involved part of the Mozambican political class. On the bench off the accused: nineteen people, accused of extortion, forgery, embezzlement or even money laundering, for amounts of…

MOGADISHU, Somalia - The Federal Republic of Somalia should use debt relief to repair dilapidated health infrastructure, suggests a report compiled by Amnesty International, as the country now struggles to contain the Covid-19 situation. The report was titled 'We Just Watched Covid-19 Patients Die' - Covid-19 Exposed Somalia's Weak Health System, But Debt Relief Can Transform It, Shows How Covid-19 Revealed a series of pre-existing weaknesses in Somalia's health system. At least more than 40 people were interviewed,…

The summit on the financing of African economies can be held in Paris on Tuesday 18 Could. In April 2020, a moratorium was established by the Paris Membership and the G20 for greater than 70 international locations. This deferral of curiosity funds, which has been prolonged till the tip of June 2021, covers $ 5.7 billion. Senegal is apprehensive, amongst different issues. What was using this…

For the reason that Covid-19 disaster, the nation has been the primary to request a rescheduling of its debt. It reaches virtually half of GDP if we bear in mind each overseas and home debt. The IMF has intensified its assist packages and promised to offer $ 560 million over the following 4 years. Chadian corporations, which are sometimes closely depending on the state, are eagerly awaiting the arrival…

Sudan's companions are taking a look at the debt difficulty on this nation, which is essentially the most indebted in Africa on Monday 17 Might in Paris. Sudan's debt reduction is a precedence for the IMF, but additionally a precedence for international locations that help political transition. Underneath a US embargo for twenty years, the nation not had entry to sources of worldwide funding, however…

This was revealed by Modeste Bahati Lukwebo, the successor to Alexis Thambwe Mwamba, at the head of the upper house of parliament. This economic situation in the Senate was brought to the attention of the President of the Republic ahead of the parliamentary re-entry scheduled for tomorrow Monday. as reported from Kinshasa,…

This was one of the highlights of Africa in 2020, the debt issue. From the beginning of the Covid-19 pandemic, rich countries looked at how to ease the burden on public finances. Measures have been taken, but much remains to be done to allow African countries to regain budgetary space and thus finance the recovery. LeCovid-19…

The country celebrates its 60th anniversary of its independence this Saturday, November 28. But this date also marks another anniversary, painful: the massacre of 28 black soldiers, hanged at the base of the Inal, in the Nouadhibou region, on November 28, 1990. A drama that is part of a period of bloody repression against the Negro Mauritanians, between 1989 and 1991. A period was qualified as…

The G20 finance ministers have adopted a new framework that will make it possible to reduce, or even eliminate, some of the debt of the poorest countries in the world. One week before the next G20 summit, finance ministers have decided to go beyond the current moratorium on the debts of poor countries, a moratorium extended to June 2021, but not enough, while some countries in the south are already…

The specter of excessive debt reappears for sub-Saharan Africa after the coronavirus pandemic. The International Monetary Fund has just sounded the alarm, urging donor countries to be "bold" about the debt wall that awaits Africa. Sub-Saharan Africa needs the next 3 years to revive their economies is huge. According to the IMF, it would require $ 890 billion in external funding for the countries of the region. This amount represents more than half of their total GDP. It will therefore return to massive borrowing to…