Fitch U.S. downgrade
Richard Francis, Co-head of Americas Sovereign Ratings at Fitch Ratings, joins Julia Chatterley
"external debt" Haberleri
Nigeria's Buhari Slams 'Unfair' International Debt Architecture
Struggling with their external debt burden is one of the burning issues for many African countries. Many believe that the problem is that certain countries cannot timely service their foreign debt due to the unfair terms stipulated by...
Bondholders to Suffer More Losses Than Bilateral Creditors, Ghana Says
The problem of high external debt persists in a number of African countries. According to a 2022 report by the World Bank, more than half of all low-income countries, most of which are Africa, do not manage to pay their foreign debts. Ghana is...
'Black Mamba Kiss of Death': Zambia Criticizes Foreign Debt Interest Rates
Zambia defaulted on a $42.5 million payment on a Eurobond in November 2020, with the country's external debt-to-GDP ratio exceeding 100%. According to the African state's authorities, the total external debt amounted to $14.87 billion as of June...