Zambia's debt: Future of Chinese loan

Mar 30, 2021

Lusaka [Zambia], March 30 : Zambia became the first coronavirus-era debt default African nation that has borrowed heavy loans from China in recent years...

Djibouti struggles to repay Chinese loan, suspends debt repayments

Dec 12, 2022

The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from...

Joe Biden to announce cancellation of student loan debt today

Aug 24, 2022

Washington [US], August 24 : US President Joe Biden is likely to announce student loan relief on Wednesday in addition to an extension of...

Public sector banks asked to reassess gold loan process amid debt risk concerns

Mar 13, 2024

The Ministry of Finance has written to public sector banks to reassess their gold loan procedures amid concerns over risky debt as gold prices...

Laos economic crisis intensifies amid Chinese debt

Oct 12, 2022

Vientiane [Laos], October 12 : The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane...

China: Millions blacklisted for debt as loan defaults hit record high

Dec 14, 2023

After online payment platforms like Alipay and WeChat replaced cash as the most used payment method in China, many stores refused cash payments, and...