Debt service and public-sector wages are set to absorb nearly all of the country’s tax and fee revenue, leaving only 4% for essential priorities including healthcare, education and road construction, according to…
US gross national debt has crossed the $40 trillion mark for the first time, according to government figures, surpassing earlier projections as…
In a significant legislative move, the House of Representatives has granted approval for President Bola Tinubu’s proposal to secure an external loan…
Riyaz ul KhaliqSaturday April 25, 2026 Pakistan said Friday that it has fully repaid $3.45 billion in debt to the United Arab…
Mozambique has wiped out its arrears to the International Monetary Fund, settling U.S. $630,1 million in full by month’s end after beginning…
Sovereign debt crisis imperils developing economies as G20 gathers in Johannesburg Global economic experts are raising the alarm: sovereign debt in many…
In a key move for Somalia’s financial future, Finance Minister Bihi Iman Egeh inked a pivotal debt relief deal with Denmark’s representative,…
In a significant move, the Somali Minister of Finance, Bihi Egeh, placed his signature on the dotted line next to the US…
Nairobi, AX — Somalia’s government made waves on Thursday, announcing a significant milestone in their quest for economic stability. They’ve struck a…
In a significant move, Somalia has announced the cancellation of over $1.1 billion in loans, roughly a quarter of their outstanding debt.…
U.S. Approves Over a Billion Dollars for Somalia’s Debt Forgiveness as Trump Wins Election MOGADISHU, Somalia – In a move cloaked under…
