Debt

What is the US debt ceiling issue, which threatens global economies?

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The world watches with bated breath as the United States teeters on the precipice of a debt ceiling crisis, a specter that threatens to unleash far-reaching consequences on economies worldwide. This impending storm, set to make landfall in early June, raises alarms and unveils a delicate dance between political factions that holds the global financial … Read more

Ghana to default on most debt as balance of payments crisis worsens

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Ghana to default on most debt as balance of payments crisis worsens

Accra: Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit. Its finance ministry said it will not service debts including its Eurobonds, commercial loans, and most bilateral loans, calling the decision an “interim emergency measure”, while some bondholders criticized … Read more