debt-sustainability
Top StoriesDebt for Climate – the Solution That Marries Economic Recovery With Climate Action?
Top StoriesSri Lanka Unilaterally Suspends External Debt Payments, Says Needs Money for Essentials
Top StoriesAnalysis-Russia-Ukraine Fallout Starts Felling Fragile ‘frontier’ Economies
Top StoriesEU Should Have Its Own Full Budget to Stabilise Economy, Survey Suggests
Debt Awareness: How Can Financial Service Providers Improve?
Date: March 25, 2022
Craig Wilson, Head of Private Sector, Sopra Steria The Chancellor’s Spring Budget is a stark warning of how over 2.2 billion low-income households struggle with the rising cost of living every day. In the wake of the well-documented economic hardship caused by the pandemic, many have lost jobs, businesses, and their livelihoods. This situation has...
Zaghari-Ratcliffe, Fellow British-Iranian Freed to Return to UK
Date: March 16, 2022
By Parisa Hafezi DUBAI (Reuters) -British-Iranian aid worker Nazanin Zaghari-Ratcliffe and dual national Anoosheh Ashouri flew out of Iran on Wednesday, ending a long ordeal during which they became a bargaining chip in Iran’s talks with the West over Tehran’s nuclear programme. Omani state television said the pair had arrived in the capital Muscat following...
Sanctioned Russia Teeters on Brink of Historic Default
Date: March 16, 2022
By Marc Jones LONDON (Reuters) – The economic cost of Russia’s assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution. Moscow is due to pay $117 million in interest on two dollar-denominated sovereign bonds it sold in...
History of Sovereign Debt Defaults
Date: March 15, 2022
(Reuters) – Russia faces its first major external debt default since 1917 as Western sanctions in response to its invasion of Ukraine limit its ability to service foreign bonds. Russia has $117 million in payments due on Wednesday on two dollar-denominated eurobonds. Its finance ministry has said it will make the payments in roubles if...
Russia Warns It May Be Forced to Pay Fx Debt in Roubles Due to Sanctions
Date: March 14, 2022
(Reuters) -Russia’s finance ministry said on Monday it had approved a temporary procedure for repaying foreign currency debt, but warned that payments would be made in roubles if sanctions prevent banks from honouring debts in the currency of issue. Western sanctions over events in Ukraine have cut Russia off from key parts of global financial...
Sanctions Significantly Increase Chance of Russia International Debt Default, Analysts Warn
Date: March 2, 2022
By Marc Jones LONDON (Reuters) – Sanctions imposed on Russia have significantly increased the chance of the country defaulting on its dollar- and other international market government debt, analysts at JPMorgan and elsewhere warned on Wednesday. Russia has over $700 million worth of government bond payments due this month. While in theory it has ample...