Tuesday, May 17, 2022


Russia looks to swerve default with last-minute dollar bond payment

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.

New mechanisms needed for debt stress as poor countries hit by surging prices, says IMF

Spikes in food and energy prices are hitting low-income countries particularly hard, and they may need more grants and highly concessional financing.

Najib has explained 1MDB debt comments, says speaker

Azhar Harun says an explanation has also been given by Finance Minister Tengku Zafrul Aziz as requested.

Sri Lanka president asks China to restructure debt repayments

Sri Lanka has to repay about US$4.5 billion in debt this year starting with a US$500 million International Sovereign Bond maturing on Jan 18.

The costs and benefits of buy now, pay later

If not used wisely, the scheme could lead to the accumulation of debts, experts warn.

US averts credit default with 11th-hour debt limit hike

The passage follows a months-long standoff between Democrats and Republicans, generating fodder for attack ads during the 2022 congressional elections.

Black Friday fuels debt fears as Britons go on buy-now-pay-later spree

One lawmaker warns that people risk amassing unmanageable debts as retailers encourage them to go all out for Christmas following the axing of last year's celebrations due to soaring Covid-19 cases.

Poor countries’ debt rose 12% to record US$860 billion in 2020, says World Bank

World Bank president David Malpass says the bank's International Debt Statistics 2022 report showed a dramatic increase in the debt vulnerabilities facing low- and middle-income countries.

1MDB still has RM32.3 billion outstanding debt

Total payment would amount to RM40.51 billion, state investment arm says.

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