The world's biggest economy is bracing for a drawn out battle in Congress, as Republicans threaten to block the usual annual rubber stamping of a rise in the so-called debt ceiling.

The margin loans are one of the options that the Morgan Stanley-led bank group and Musk's advisers have discussed to ease the debt Twitter took on as part of Musk's deal, the report says.

The US Treasury chief has been pressing China to do more to restructure bilateral debt that a range of developing countries owe to China, including through the G20's common restructuring framework.

Sri Lanka needs to restructure nearly US$30 billion of debt, and Japan has offered to lead talks with the other main creditors, including India and China.

The Robodebt programme, which was in place between July 2015 and November 2019, was introduced to ensure welfare recipients were not under-reporting their income and over-receiving government payments.

Economists say the move may fuel inflation and some Republicans in the US Congress questioned whether the president had legal authority to cancel the debt.

As India tries to cut its power sector's losses with financial aid to utilities and promotion of solar energy in agriculture, the financial stress on the sector has tragically impacted Pachdongri, a village of fewer than 1,000 people.

Ukraine faces a 35%-45% economic contraction in 2022 and a monthly fiscal shortfall of US$5 billion and is heavily reliant on foreign financing from its Western partners.

Tengku Zafrul Aziz says Malaysia’s ratio of debt service payments to revenue is expected to exceed 18%.

Western economic penalties have largely severed the country from the international financial system, making it difficult for Moscow to service its debt.

An economic crisis unprecedented in the country's history since independence in 1948 has led to a critical shortage of foreign exchange, that saw it miss two coupon payments on sovereign bonds on April 18.

Russia's finance ministry says it managed to pay US$564.8 million in interest on a 2022 Eurobond and US$84.4 million on another 2042 bond in dollars – the currency specified on the bonds.