Tag Archives: debt

Even if they manage to convince their creditors to restructure their debts, commodity-exporting debtor countries are still vulnerable to sudden price fluctuations COMMENT | Jeffrey Frankel | The world is in the midst of a debt crisis. A recent report estimates that 61 emerging-market and developing economies nearly one-third of the International …

Kampala, Uganda | THE INDEPENDENT | Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa’s founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face. What’s behind the spike in debt …

Nairobi, Kenya | Xinhua | Kenya’s National Treasury said Wednesday that it intends to issue syndicated bonds in local currency in the financial year 2023/2024 as it explores new ways to raise money to finance the country’s 3.6 trillion shillings (about 28.56 billion U.S. dollars) budget. The Treasury said in its …

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …

Western lenders for long have not been put on the spotlight for debt relief because they successfully managed to dupe the world that it’s only Chinese lenders that pose a threat to Africa Beijing, China | Xinhua | Like many senior U.S. officials who have visited Africa, U.S. Treasury Secretary Janet …

Kampala, Uganda | THE INDEPENDENT | The Opposition in Parliament has said that the proposed resource envelope for the next financial year 2023/2024 is unrealistic based on the proposed tax revenue collections and the country’s debt stock. This is according to a minority report on the proposed National Budget Framework paper …

Kampala, Uganda | THE INDEPENDENT | Ghana’s December announcement that it was suspending debt payments to selected creditors heightened the debate over the sustainability and risk levels of African debts. The announcement took many by surprise, that the economy was so bad it needed such drastic measures. Lest we forget, and …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Public debt is set to increase from the current 48.4 percent to 53.1 percent in the financial year 2023, according to the estimated budget for the financial year 2023/24 released by the Ministry of Finance. For a debt to be sustainable, particularly for developing …

How government’s recent borrowing and spending binge has put us on the highway to Ghana THE LAST WORD | Andrew M. Mwenda | Ghana is in a serious economic crisis. In November, its inflation rate was 50.3%. On December 19, it all but declared bankruptcy. In a press statement, its government announced …

Kampala, Uganda | THE INDEPENDENT | The Archbishop of the Church of Uganda, the Most Rev. Stephen Kaziimba Mugalu, has said that the Church House debt now stands at 15 billion Shillings. Kaziimba made the report while delivering his Christmas message at Namirembe. ‘We launched a campaign and this campaign has …