Zambia says it will default on debt owed private investors

By NOEL SICHALWE and RODNEY MUHUMUZANovember 13, 2020 GMT

LUSAKA, ZAMBIA (AP) — Zambia's government said it would miss a Friday deadline to clear debt owed to external investors who rejected the country's request for deferral of an overdue $42.5 million...

Mexico issues 750-million euro ‘green bond’ linked to SDGs

September 14, 2020 GMT

MEXICO CITY (AP) — Mexico announced Monday it has issued a 750-million-euro ($885 million) “green bond,” joining a dozen or so other countries with such sovereign debt placements.

China silent amid global calls to give Africa debt relief

By RODNEY MUHUMUZAApril 29, 2020 GMT

KAMPALA, Uganda (AP) — African leaders are asking what China can do for them as the coronavirus pandemic threatens to destroy economies and wipe out some 20 million jobs across a continent where...

Rating agencies warn Lebanon over $1.2 billion loan default

March 10, 2020 GMT

BEIRUT (AP) — Credit ratings agency Moody's warned Tuesday that Lebanon's first-ever default on paying its sovereign debt will likely lead to significant losses for private creditors as well as...

Crisis-hit Lebanon to default on $1.2 billion loan payment

By BASSEM MROUE and ZEINA KARAMMarch 7, 2020 GMT

BEIRUT (AP) — Lebanon's prime minister said Saturday the government will suspend payment of $1.2 billion in loans, marking the crisis-hit country's first-ever default on its sovereign debt amid...

S&P says Venezuela has defaulted on its debt

November 14, 2017 GMT

LONDON (AP) — Ratings agency Standard & Poor's says Venezuela has defaulted on its debt after it failed to make payments due on some of its bonds.