Nothing’s free: skepticism grows over China’s debt forgiveness

Skeptics say that despite China’s agreement to forgive interest-free loans to 17 African countries as it seeks to dispel debt-trap allegations, the days of Beijing writing off interest-bearing loans are over. The world’s poorest countries — many of them in Africa — are facing $35bn in debt-service payments in 2022, out of which around 40% […]

Marrakech Hosts 21st WB-IMF Annual Meetings

The Moroccan tourist city of Marrakech will host the joint annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in October 2021. The decision was made by the Boards of Governors of the two institutions. It shows the trust Morocco enjoys at the international scene. The joint WB-IMF meetings bring […]

IMF aims to complete Chad, Zambia debt restructuring by year-end

Debt restructuring efforts for Chad and Zambia could be completed by the end of the year, which would pave the way for more countries to seek help, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said. Speaking with civil society groups at the start of the annual IMF and World Bank meetings, Georgieva said a […]