The Executive Boards of the World Bank's International Development Association (IDA) and the International Monetary Fund (IMF) have determined that Sudan has taken the necessary steps to begin ...

It was an easy promise to make: fully fund debt relief programs for poor countries started under two previous presidents. Barack Obama and Joe Biden were "committed to living up to the promise" of ...

During the presidential campaign, Barack Obama promised to work for "100 percent debt cancellation for the world's heavily-indebted poor countries.” This is an ambitious promise, but there is evidence ...

Developing nations facing worsening debt crisis Debt service is eating up liquidity, curbing development New initiative calls for collective relief Global multilateralism in jeopardy as US, UK pursue ...

The 2025 Article IV Consultation highlights that Guyana’s economy has grown rapidly over the past two decades, progressing from low-middle-income to high-income status—the only Heavily Indebted Poor ...

Global stocks continue to fall, and fears of a recession are growing, after Donald Trump rejected calls to scale back his order to institute sweeping tariffs on most of the world. The move will be ...

NAIROBI, June 30 (Reuters) - Comoros has met conditions to start receiving debt relief under the Heavily Indebted Poor Countries Initiative, the International Monetary Fund (IMF) and World Bank said. ...