Browsing: debt

Eight countries were in debt distress, while 13 were “expected to be at risk of debt distress”

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South Africa’s government will draw down 150 billion rand ($7.93 billion) over the next three years from a central bank-administered contingency account to limit borrowing, the National Treasury said on Wednesday.

The loan discussions come after Mithaq Capital, the AlRajhi family’s investment firm, crossed into majority ownership of The Children’s Place this week

An aging population and higher interest expenses have been pushing the country’s indebtedness higher

Major economies that fail to address their mounting debt issues will die a “fiscal death,” the head of investment and wealth advisory Laffer Tengler Investments, Arthur Laffer, has warned.

Only a “miracle” can reverse the problem, the renowned economist believes

Jamie Dimon calls for the snowballing US debt burden to be addressed before it turns into crisis

Principle payments of emerging markets’ sovereign Eurobonds will spike to $78.4bln in 2024, from $43.6bln this year, according to JPMorgan

The overall figure is approaching $34 trillion, according to the Treasury US national debt has continued to mount, jumping by…