AMMAN — Credit rating agency Capital Intelligence on Saturday affirmed Jordan’s long-term foreign and local currency sovereign ratings at "BB-", with short-term ratings unchanged at "B", maintaining a stable outlook.»»»

Talks between Kenya and the International Monetary Fund (IMF) for a new lending program are at a stalemate, the country's finance minister said Monday. John Mbadi told a news briefing that the disagreement was over the classification of debt. According to Mbadi, the international lender wants secur»»»

Algeria’s state-led economic model faces growing vulnerabilities as global oil prices weaken and fiscal imbalances deepen, while diversification stalls. Latest IMF and World Bank assessments reveal a troubling mix of widening deficits, persistent unemployment, and distorted macro indicators that ma»»»

Hundreds of workers in Ghana have been protesting on the streets of the capital, demanding the cancellation of Africa's ballooning debt.  Friday's protest, led by Ghana's Trades Union Congress (TUC) and backed by the International Trade Union Confederation-Africa (ITUC-Africa), called for a ..»»»

Pakistan is set to repay over $23 billion in external debt during the current financial year (FY2025-26). This massive amount includes repayments to multilateral and bilateral lenders, international bondholders, and commercial creditors. The government expects friendly nations to roll over about $1»»»

Finance Adviser Dr. Salehuddin Ahmed urged all concerned to refrain from approving unnecessary and large-scale development projects that could jeopardise the country’s debt sustainability. “Before approving any big project, we must assess whether the demand is justified, whether the project is feas»»»

The World Bank has revised its forecast for Pakistan's GDP growth for the fiscal year 2024-25 to 2.8% marking a notable improvement of 0.5% from its previous estimate of 2.3% in June 2024.This prediction, however, lags behind the International Monetary Fund’s (IMF) growth projection of 3%, and is a»»»

Ethiopia has faced significant economic turbulence following an IMF-mandated currency devaluation. The policy, implemented in July 2024 as part of a condition to secure $10.7 billion in external financing from the IMF, the World Bank, and other creditors, caused Ethiopia’s nominal GDP to plummet. A»»»

National security and broader alignment with the emerging world order have emerged as Pakistan’s new priorities, something politicians and the public need to understand, as a delayed reckoning of this reality could be counterproductive for both. The hybrid regime is rolling out several legal and te»»»

Pakistan's central bank purchased a record over $9 billion from the local market in the past year to stabilise foreign exchange reserves—a staggering amount that has helped the country remain afloat despite low inflows of foreign loans. During the calendar year 2024, the central bank purchased over»»»

Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender s»»»

Reducing the debt payments made by poor countries to more sustainable levels could help 5 million more children attend school and provide access to clean drinking water to 17 million people, according to research. A study by academics at the universities of St Andrews and Leicester said there would»»»

THE Debt Management Office (DMO) says Nigeria’s debt-to-Gross Domestic Product (GDP) ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for the country’s peer group. The Director-General of the DMO, Patience Oniha, said this in an interview with the News Agen»»»

Kenya will need to pay in excess of Sh1 trillion to clear its outstanding sovereign debts or Eurobonds following the sharp weakening of the Kenya shilling since issuance of the securities. According to an analysis of the debt trend, Kenya’s outstanding Eurobonds at issuance stood at Sh697.7 billion»»»

Colombo: The World Bank said Wednesday it had released $250 million to support bankrupt Sri Lanka's tough economic reforms following last year's financial crisis. Sri Lanka defaulted on its $46 billion external debt in April 2022 after running out of foreign exchange to finance essential imports of»»»

CAIRO: Annual inflation in Egypt hit 39.7 percent in August, official figures showed Sunday, an all-time high as the Arab world’s most populous country grapples with a punishing economic crisis. It comes after a previous record of 38.2 percent in July and amid an unrelenting downturn that has seen »»»

CAIRO, Sept 10 — Annual inflation in Egypt hit 39.7 per cent in August, official figures showed today, an all-time high as the Arab world’s most populous country grapples with a punishing economic crisis. It comes after a previous record of 38.2 per cent in July and amid an unrelenting downturn tha»»»

Annual inflation in Egypt rose to a new record in August, official data showed Sunday, as the cash-strapped country continues to battle price hikes and a depreciating currency. The annual inflation rate reached 39.7% last month, up from the previous record of 38.2% registered in July, according to »»»