Addis Ababa, 20 March 2023 (ECA) - African Ministers of Finance, Planning and Economic Development have called for decisive action to reform the global debt architecture to enable the investments needed for achieving sustainable development and climate goals around the world.The call was made at a meeting of the High-level Working Group on the Global Financial Architecture on
Small developing island states heavily exposed to the effects of climate change and often in critical debt situations spend at least 18 times more on debt servicing than they receive in climate finance, a report showed. A group of 37 island states, home to some 65 million people, "urgently need to increase their fiscal space to tackle the multiple challenges and crises facing
LONDON (Reuters) - Small developing island states heavily exposed to the effects of climate change and often in critical debt situations spend at leas.
Zambia: A template for debt restructuring? atlanticcouncil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlanticcouncil.org Daily Mail and Mail on Sunday newspapers.
Lusaka - Zambia: Rating agency Fitch has warned that disagreements and prolonged negotiations with some official and private creditors over Zambia’s debt