The Latest Breaking News from Paris Club

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on November 26, 2023

The majority of low-income nations are on the cusp of a debt crisis, sparking fears of global contagion.

The Paris Club of creditors has given financing assurances to support the International Monetary Fund's approval of an extended fund facility for Sri Lanka, the Sri Lankan president's office said on Tuesday.

Debt-stricken Sri Lanka’s Central Bank chief says the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary Fund rescue plan

International capital flows have long been a major source of economic growth. Savings in higher-income countries have financed high-yielding investments in low-income countries, generating benefits for all. After World War II, capital flows under the Marshall Plan drove the rapid reconstruction of Europe, and after those countries recovered, they extended…

All member countries of the G20 group economic powers are on board to discuss restructuring Ghana's debt and Paris Club members are prepared to form a creditor committee soon, an official from the Paris Club said on Thursday.

Ghana requested on Tuesday to restructure its bilateral debt under the common framework platform supported by the Group of 20 major economies, a source familiar with the situation told Reuters.

Report’s author, the World Bank, states concern over poor countries’ increasing spending on debt

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif will embark on a two-day visit to China next week and meet President Xi Jinping during which they will review the all-weather strategic cooperation partnership and exchange views on regional and global developments, the foreign ministry said on Wednesday.