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Home » Posts Tagged "Debt"

Tag Archives: Debt

Debt levels for poor countries reach record highs

16 August 2020, 8:35 PM

Debt levels for poor countries have reached record highs; made even worse by government spending on measures to stimulate economies that have been devastated by the coronavirus (COVID-19) lockdowns.

South Africa’s failure to lower debt could trigger downgrade: Fitch

15 July 2020, 6:22 PM

A failure by South Africa to lower public debt risks triggering credit downgrades deeper into subinvestment, Fitch said on Wednesday.

South Africa faces battle to rein in spending: Fitch

7 July 2020, 8:43 PM

South Africa’s plans to rein in government spending will be hard to implement due to low economic growth, ratings agency Fitch said on Tuesday, adding the country had a poor track record of delivering debt and spending cuts.

Zambia sees 2020 expenditure up $1.1 bln as kwacha falls

25 June 2020, 4:33 PM

Zambia’s expenditure is expected to rise by approximately 20 billion kwacha ($1.11 billion) this year as the local currency weakens, piling more pressure on a nation already struggling with huge debt, President Edgar Lungu said on Thursday.

Pompeo says China’s Africa lending creates unsustainable debt burdens

25 June 2020, 3:44 PM

U.S. Secretary of State Mike Pompeo on Wednesday blasted China’s policy on lending to African countries, reiterating Washington’s charges that it creates unsustainable debt burdens.

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