Ethiopia has reached an agreement with its official creditors to restructure $8.4 billion in international debt, marking a ...

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.

International arrangements for rescuing countries from debt distress must be improved Mounting debt in developing economies is a growing concern. Some countries, including Sri Lanka and Zambia, have ...

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The Nigeria Deposit Insurance Corporation has engaged new external solicitors to strengthen debt recovery and asset realisation efforts following the liquidation of Heritage Bank. The Managing ...