Successful debt stabilization requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms and a sound macroeconomic environment In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting. But the region is tackling this issue head-on and public debt ratios…
A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in the global financial system, has been launched at the UN’s pivotal sustainable development conference in Sevilla. The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging…
TLDR African mobility fintech startup Moove is close to finalizing a $1.2 billion debt financing round to support its rollout of autonomous vehicles in the United States The round is reportedly oversubscribed, with strong interest from private credit funds and banks. Final terms are expected to be concluded in the coming weeks Moove initially offered…
A decade after the adoption of the Sustainable Development Goals (SDGs), development is facing serious headwinds – including what UN officials describe as a “silent crisis” of surging debt service payments in low-income countries. On Friday, Deputy Secretary-General Amina Mohammed launched a new report, Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing. She…
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