With current global debt levels sky high, the events which led to Iceland’s 2008 financial crisis could be repeated on a much larger scale, warns the former lead investigator for the country’s regulator

With inflation rates rising and interest rates remaining stubbornly low, policymakers have some tough decisions to make

China has unveiled plans to cut financial commitments to Africa by a third over the next three years from $60bn to $40bn. What will be the impact of this?

Debt forgiveness, something of a taboo in the previous decade, is now being discussed more frequently, courtesy of the pandemic and climate change

Monetary finance could by the key to restarting a stuttering economy, but fears of misuse have left central bankers extremely wary of politicians’ intentions

Rising debt in sub-Saharan Africa has sparked fears that the continent is heading towards crisis point. Although debt ratios remain below historic highs, critics have suggested that African countries are being propped
up by riskier loans

In the aftermath of the 2008 financial crisis, the global economic system was meant to witness an era of moderation. However, the fact that debt remains the primary driver of growth suggests that inherent weaknesses remain

The pace of overall growth in the global economy is increasing. However, this economic expansion also brings a rise in the level of public and private debt, which could pose a serious threat to the long-term health of global markets

For many, signs of financial distress in emerging countries are simply localised events; inevitable for less-developed economies. However, they could in fact be indicators for intrinsic problems in the global financial system

In a reversal of fortune befitting a Greek tragedy, Mozambique’s loss of IMF fiscal aid following the discovery of a clandestine $2bn loan in 2016 has turned it from one of Africa’s success stories to an economic basket case

A steep depreciation is expected in the artificially-overpriced kwanza when, following the scrapping of the peg, it is exposed to market forces

The cash-strapped nation has reached a deal with its European creditors, agreeing on an initial €8.5bn loan instalment

Months of tough negotiations have been concluded with a fresh agreement that could pave the way for debt relief measures

A report published by the IMF has warned the credit fundamentals of US firms have deteriorated to levels seen prior to the global financial crisis

Following a rare public division among the IMF’s board of directors, the possibility of the organisation’s participation in a new bailout for Greece remains uncertain