By Rachel Savage and Maxwell Akalaare Adombila JOHANNESBURG/ACCRA (Reuters) -Ghana is targeting $10.5 billion of external debt service relief from 2023-2026, the IMF said, giving an early indication of how large a hit investors might face in an impending debt overhaul. The West African country’s debt is currently unsustainable, but Ghana aims to restore…
By Mai ShamsElDin and El Tayeb Siddig CAIRO (Reuters) – After surviving weeks of fighting in Khartoum, Sanaa Mahmoud has finally got her family to safety in Cairo but says her daughter still wakes up at night screaming because of the gunfire and airstrikes that rocked her neighbourhood. “They saw everything, the gunfire was falling…
JOHANNESBURG (Reuters) – Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to the Fund’s board in November and would trigger a payout of $600 million, the IMF said on Thursday. The International Monetary Fund’s executive board approved a $3 billion,…
By Zohra Bensemra and Mahamat Ramadane KOUFROUN, Chad (Reuters) – Fleeing the village to escape from attackers, crossing a desert border, building a shelter from straw and rags, waiting for food aid: these are familiar hardships for Halime Adam Moussa, who has fled Sudan for Chad with her family for a second time. Moussa, 68,…
SAMARKAND, Uzbekistan (Reuters) -At a meeting in Russia’s former Central Asian backyard, the European Bank for Reconstruction and Development on Thursday pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros. The emerging markets lender has already earmarked 3 billion euros for Ukraine – which is fighting off…
By Jeff Mason and Kirsty Needham ABOARD AIR FORCE ONE/SYDNEY (Reuters) -U.S. President Joe Biden will arrange another summit of Pacific island leaders this year after the disappointment caused by his cancellation of a visit to Papua New Guinea due to the domestic debt ceiling crisis, his national security adviser said on Wednesday. Political analysts…
By Rodrigo Campos NEW YORK (Reuters) – A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt is triggering concern about the financial system’s leverage, a widely tracked study showed. The Institute of International Finance, a financial services trade group, said…
DUBAI (Reuters) – Arab League Secretary General Ahmed Aboul Gheit welcomed Syria back into the bloc on Wednesday, as Arab foreign ministers gathered for a preparatory meeting ahead of the full summit. Earlier this month, the Arab world’s top diplomats agreed to fully reinstate Syria’s membership after a 12-year suspension over the Syrian government’s crackdown…
By Aziz El Yaakoubi RIYADH(Reuters) – Syrian President Bashar al-Assad, a pariah for more than a decade, is expected to steal the spotlight at Friday’s Arab League summit in Saudi Arabia, where he will rub shoulders with regional leaders who once backed his war foes. Ostracised by most Arab states following his crackdown on protests…
By Khalid Abdelaziz DUBAI (Reuters) – Air strikes and artillery fire intensified sharply across Sudan’s capital on Tuesday, residents said, as the army sought to defend its bases from paramilitary rivals it has been fighting for more than a month. The air strikes, explosions and clashes could be heard in the south of Khartoum, and…
