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Search results for eurobonds

Nigeria eurobonds rise after suspension of Central Bank governor
1 year, 6 months ago

Nigeria eurobonds rise after suspension of Central Bank governor

Al Jazeera  

Godwin Emefiele arrested by state secret police at the weekend after his suspension by Nigeria’s president. Nigeria’s sovereign dollar-denominated bonds rose sharply as overseas investors welcomed the suspension late last week of Central Bank governor Godwin Emefiele, who oversaw multiple exchange rates that unsuccessfully sought to keep the naira strong. The price of the West African oil producer’s eurobonds rose …

Nigeria Central Bank Naira
Ghana suspends payment of most external debts
2 years ago

Ghana suspends payment of most external debts

Al Jazeera  

Finance ministry says Accra will not service debts including its Eurobonds, commercial loans and most bilateral loans. Its finance ministry said on Monday that it will not service debts including its Eurobonds, commercial loans and most bilateral loans, calling the decision an “interim emergency measure”, while some bondholders criticised a lack of clarity in the decision. The government “stands ready …

Debt Ghana Payment Imf Finance Ministry
Russia says nearly half its reserves are frozen, counts on ties with China
2 years, 9 months ago

Russia says nearly half its reserves are frozen, counts on ties with China

Live Mint  

Russia said on Sunday that it was counting on China to help it withstand the blow to its economy from Western sanctions, which it said had frozen nearly half of its gold and foreign currency reserves. Western countries have imposed unprecedented sanctions on Russia's corporate and financial system since it invaded Ukraine on Feb. 24 in what it calls a …

China Russia Western Russian Reserves Nearly Half Siluanov
Zambia says it will default on debt owed private investors
4 years, 1 month ago

Zambia says it will default on debt owed private investors

Associated Press  

LUSAKA, ZAMBIA — Zambia’s government said it would miss a Friday deadline to clear debt owed to external investors who rejected the country’s request for deferral of an overdue $42.5 million interest payment. The southern African country had to pay up by Saturday to avoid becoming the first African nation to default amid the coronavirus pandemic after repeatedly failing to …

China Debt Countries African Zambia Creditors
Europe commits to €500 billion coronavirus support package; "Sensible and solidary", Dutch FM says
4 years, 9 months ago

Europe commits to €500 billion coronavirus support package; "Sensible and solidary", Dutch FM says

NL Times  

After a failed marathon meeting of some 16 hours on Tuesday, the Eurogroup managed to come to an agreement to help the EU countries most affected by the coronavirus crisis. The agreement "was not without a struggle", Minister Wopke Hoekstra of Finance said to NU.nl, but he is satisfied with the package, calling it "sensible and solidary". The European Finance …

Finance Europe Italy Solidarity Emergency Countries Fund
Finance Minister defends stance against Eurobonds in parliament
4 years, 9 months ago

Finance Minister defends stance against Eurobonds in parliament

NL Times  

Finance Minister Wopke Hoekstra received support from a majority in parliament for the government's stance on European Union aid for countries in trouble due to the coronavirus. Later in the evening, reports emerged that the European Stabilization Mechanism could instead be used to make a quarter of a trillion euros available to help countries in the EU pay for the …

Dutch Netherlands Countries European Hoekstra Finance Minister Esm
Dutch firm on eurobonds: EU ministers to meet again in two weeks
4 years, 9 months ago

Dutch firm on eurobonds: EU ministers to meet again in two weeks

Dutch News  

The Netherlands is opposed to issuing eurobonds as a way to soften the impact of coronavirus on the worst affected countries, prime minister Mark Rutte told reporters following Thursday’s online meeting of the European Council. ‘This is against the design of the EMU.’ EU leaders failed during the four-hour meeting to reach agreement about a package of economic support measures …

Europe Netherlands
Dutch firm on eurobonds: EU ministers to meet again in two weeks
4 years, 9 months ago

Dutch firm on eurobonds: EU ministers to meet again in two weeks

Dutch News  

The Netherlands is opposed to issuing eurobonds as a way to soften the impact of coronavirus on the worst affected countries, prime minister Mark Rutte told reporters following Thursday’s online meeting of the European Council. ‘This is against the design of the EMU.’ EU leaders failed during the four-hour meeting to reach agreement about a package of economic support measures …

Europe Netherlands