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...In this year’s budget report, China’s central government vowed to “firmly prevent any increase in hidden government debt and steadily address existing hidden debts”....
...This is despite having lower debt levels than rivals such as Premier Foods and Bakkavor Group, which both pay a dividend....
...But corralling private creditors to give debt relief, as envisioned in the New York State bill (“New York moves to cap amounts recoverable on defaulted sovereign debt”, Report, March 8), will be futile if...
...The deal implied an enterprise value, including debt, of £701mn....
...Beijing said the agreement was unfair compared with official debt relief....
...Moody’s has affirmed its investment grade credit rating on Italian sovereign debt and raised its outlook from negative to stable, a welcome relief for Prime Minister Giorgia Meloni’s government....
...The proposed law, however, would have the governor of New York appoint a “monitor” for the restructuring of sovereign debt, allow the debtor country to “petition the state for relief,” and would allow the...
...Volodymyr Zelenskyy’s government has signalled that it wants to agree debt relief before the August deadline on a two-year moratorium on payments, which bondholders granted to Ukraine in the early months...
...The firm, a longtime investor in Ukraine, is a member of a group that is asking Ukrenergo to deal with its creditors outside of a debt relief plan that President Volodymyr Zelenskyy’s government will soon...
...Not so many stories tell the relief of actually selling one, which is why a new British comedy film, The Trouble with Jessica, seems an intriguing pitch....
...Bondholders will take an $840mn haircut on their claim, extend repayment dates and provide debt relief while Zambia continues a $1.3bn IMF bailout....
...It is just as otherworldly and fabulous as the rest of the oasis....
...The reference to “equitable burden-sharing” is part of a definition that actually, read in full, simply refers to the rules set by international debt relief initiatives....
...Africa’s second-biggest copper producer and the bondholders said an agreement announced on Monday would provide more debt relief than a deal which China, the country’s single biggest creditor, rejected in...
...As part of the deal, bilateral creditors have written off $3bn in debt. Russia, which propped up the Siad Barre government in the 1970s and 1980s, granted Somalia debt relief of $684mn in July....
...The G20 Common Framework has thus far failed to give any country debt relief since its inception, yet 11 countries have now defaulted on their debt and more 48 are at or near debt distress....
...debt relief....
...Continuation of that relief was conditional on Caracas taking steps towards holding “free and fair” elections in the second half of this year, the White House said at the time....
...“This gives countries an option in how they want to exit debt crises,” said Eric LeCompte, the head of Jubilee USA, a non-profit that campaigns for debt relief for poor countries....
...As G20 countries led by example in providing much-needed debt relief, private creditor participation — which was not mandated — ended up being lacklustre....
...Policymakers can fund debt relief, and can progress frameworks that would allow quick responses to failing banks....
...The earlier the MDBs engage on debt relief the less costly it will be in the future. Here are three ways to finance the debt relief: First, pony up into the Debt Relief Trust Fund....
...Zambia has reached a deal for relief on nearly $4bn owed to private bondholders, raising hopes that a protracted debt restructuring by Africa’s second-largest copper producer is nearing its end....
...Belatedly Jamaica, and others who have long suffered for lack of debt relief calibrated in that way, should be granted such write-offs now. Peter Doyle Washington, DC, US...
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