African countries' public debt service forecasted to average 137.4% of their annual climate financing needs by 2030, says a report by the Institute for Economic Justice. Despite Africa’s overall ...

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 30 May 2025 - Traders and investors alike are unnerved by the recent turbulence in the bond markets. After Moody's—a ...

DODOMA: TANZANIA’S commitment to economic diplomacy is yielding significant gains, marked by remarkable growth in trade, ...

Developing countries owe billions to China, which threatens to undermine poverty reduction efforts and fuel instability, ...

The story quotes Reserve Bank of Malawi Governor Dr. Mafuta Mwale, who claims that Malawi is “still paying off loans acquired as far back as the 1970s,” which is “severely limiting public service ...

The challenges were highlighted when the Vatican-assembled group, known as the "Jubilee Commission", presented its draft plan for debt relief and affordable finance at the IMF and World Bank spring ...

The World Bank’s top economist called on private ... the poorest countries facing debt distress need debt relief if they are to have a shot at lasting prosperity,” Gill wrote in the forward ...

World Bank Calls for Debt Relief as Funds Flee Poor Countries ‘It’s time to face reality,’ chief economist says in report Poorest nations paid record $34.6 billion interest last year ...

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief. By Alan Rappeport Reporting from Washington Soaring inflation saddled ...

A grand effort led by the Wolfensohn-run World Bank that involved debt cancellation ... who was the new poster child of debt relief, it convinced taxpayers in the US and UK to pressure elected ...

Developed countries pledged $11bn at the spring meetings to help boost the World Bank’s lending capacity. However, calls for new funds and debt relief for the world’s poorest countries remained ...