Up to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of default return to sounder fiscal footing and meet climate and development goals, according to a Boston University report released on Thursday.
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed.
T rade in Vietnam's coffee market was hit by a beans shortage as farmers had almost no beans left to offer, traders said on Thursday, while Indonesian farmers refrained from selling hoping the prices could rise in the near future.
Egypt and the International Monetary Fund have yet to agree on a date for the initial review under a $3 billion financial package signed in December, an IMF official said in a news conference on Thursday.