Fitch said government debt increased to 77.8 percent of GDP in 2024 (from 72.8 percent in 2023), driven by the wide fiscal deficit, exchange rate depreciation as 80 percent of the debt stock is ...

Debt Trap by Design? ... (LMICs) are in debt crisis. In this context, ActionAid, an international civil society body, brought out a paper, ... and the IMF. In 2023 they paid a ...

As the world grapples with slowing economic growth and mounting global challenges, developing countries are increasingly ...

Jamaica’s debt trap Dear Editor, There has been a lot of talk about the Jamaican economy and International Monetary Fund (IMF) ...

The Maldives' public debt in 2023 reached 122.9 percent of its GDP, totaling about $8 billion. Saudi Arabia and India, while distant second and third creditors, are far behind China in terms of ...

BUENOS AIRES, Argentina — The International Monetary Fund disbursed on Tuesday the first installment of Argentina's new $20 billion bailout after President Javier Milei removed most of Argentina ...

Despite temporary economic stabilisation, these measures are seen as unsustainable, potentially pushing Pakistan further into a debt trap. In such worrisome situations, Pakistan needs to take ...

Kigali is expected to raise this money through external borrowing, which the IMF warns will increase the country’s debt. “Despite critical reform to enhance domestic revenue mobilisation, the cost of ...