Definition: This entry gives the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods, or services. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2019See also: Debt - external map
Zambia Eurobonds Extend Losses as Country Flags Restructure
YAHOO! - 4/1/2020 10:41:00 PM
Zambia’s Eurobonds extended losses on Wednesday and its currency tumbled to a record low after Africa’s second-biggest copper producer asked banks for proposals on reorganizing as much as $11.2 billion of foreign debt.
Africa Seeks IMF, World Bank, EU Backing on Debt Relief
U.S. News & World Report - 4/1/2020 11:22:00 PM
JOHANNESBURG (Reuters) - African finance ministers want International Monetary Fund, World Bank and EU support for bilateral ... and used to service African nations' external debt. "This would ensure no default by countries while providing them with the fiscal space needed to respond to the crisis," read a second UNECA statement issued later ...
World Bank Head Calls for Easing Debts of Poorer Countries in Light of Coronavirus
U.S. News & World Report - 3/28/2020 6:05:00 PM
WASHINGTON (Reuters) - The heads of the World Bank and International Monetary Fund on Friday underscored the need to provide debt relief to poorer countries hit by the coronavirus pandemic, and said official bilateral creditors would have to play a major role. The IMF and the World Bank have both launched emergency programs to offer grants and ...
Paris Club to cancel $1.4 bln owed by Somalia in debt restructuring
Nasdaq - 3/31/2020 10:55:00 PM
The Paris Club of creditor nations agreed on Tuesday to restructure Somalia's debt, including immediately cancelling $1.4 billion owed by the impoverished Horn of Africa country. PARIS, April 1 (Reuters) - The Paris Club of creditor nations agreed on Tuesday to restructure Somalia's debt,
The Same Stimulus That Rich Countries Lean On Could Worsen Poor Economies
YAHOO! - 4/1/2020 10:40:00 PM
A massive exodus of capital from emerging economies has left many in a Catch-22 position: the kinds of monetary and fiscal stimulus measures that the rich world is deploying could perversely make things worse.
IMF, World Bank clear Somalia for debt relief, normal ties to world
KFGO - 3/26/2020 1:17:00 AM
The IMF and the World Bank on Wednesday said Somalia had taken the necessary steps to begin receiving debt relief, a key move that will allow the Horn of Africa country to lower its $5.2 billion in external debt to around $557 million.
“Any Third World government which takes the decision to carry on refunding the external debt is opting for the road to ruin”
cadtm.org - 1/13/2020 8:55:00 PM
“Any Third World government which takes the decision to carry on refunding the external debt is opting for the road to ruin.” These were the words in 1991 of Luis Inacio “Lula” da Silva, at that time, president of the Brazilian PT, (Partido dos ...
Remarks by World Bank Group President David Malpass during Press Call on First Operations for COVID-19 (Coronavirus) Emergency Health Support
World Bank - 4/3/2020 12:40:00 AM
the importance of co-financing the World Bank operations underway, bulk procurement and logistics, and the importance of the private sector in our response. We received a very positive response to the joint Bank/Fund call for suspension of official bilateral debt payments by poor countries. I want to close by emphasizing how imperative it is ...
IMF's Georgieva says world in recession, countries must 'go big' on spending
Nasdaq - 3/27/2020 9:51:00 PM
The coronavirus has already driven the global economy into recession and countries must respond with "very massive" spending to avoid a cascade of bankruptcies and emerging market debt defaults, the head of the International Monetary Fund warned on Friday.
Vulnerability to COVID-19 May be Highest in Countries Not Yet Affected by Outbreak, According to New Index from IHS Markit
MarketWatch - 3/30/2020 3:14:00 PM
IHS Markit INFO, a world leader in critical information, analytics and solutions, today launched its COVID–19 Country Vulnerability Index, ranking