DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Yuri Gripas - 1 Fernando Haddad - 1 Kristalina Georgieva - 1 Janet Yellen - 1 Ernest Addison - 1 David Lawder - 1 Alex Richardson - 1 Andrea Ricci - 1
Top related locs:
Washington , U.S Rights MARRAKECH Morocco France Britain Ghana Switzerland Finland
Top related orgs:
Monetary Fund - 1 REUTERS - 1 Rights - 1 U.S - 1 Monetary - 1 IMF - 1 U.S . Congress - 1 Treasury - 1

Search resuls for: "Ernest Addison"


2 mentions found


☆ Money now, shares later: more IMF countries voice support for pragmatic IMF funding boost
  + stars: | 2023-10-11 | by ( David Lawder | ) www.reuters.com   time to read: +3 min
[1/2] The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. IMF Managing Director Kristalina Georgieva said the extra resources were needed to ensure the IMF can respond to another large-scale crisis. But with anti-China sentiment running high in the U.S. Congress, any IMF funding increase that increases Beijing's influence would face stiff opposition. U.S. Treasury Secretary Janet Yellen proposed the money now, shares later plan as a way to sidestep the China issue and speed resources to the IMF. A 50% quota increase would be equivalent to about $312 billion at current exchange rates.
Persons: Yuri Gripas, Fernando Haddad, Kristalina Georgieva, Janet Yellen, Ernest Addison, David Lawder, Alex Richardson, Andrea Ricci Organizations: Monetary Fund, REUTERS, Rights, U.S, Monetary, IMF, U.S . Congress, Treasury, International Monetary, Financial Committee, Thomson Locations: Washington , U.S, Rights MARRAKECH, Morocco, France, Britain, Ghana, Switzerland, Finland, Belgium, China, Brazil, U.S, Algeria, Iran, Libya, Pakistan, Tunisia
☆ IMF says Ghana targeting $10.5 bln in external debt relief
  + stars: | 2023-05-18 | by ( Rachel Savage Maxwell Akalaare Adombila | Rachel Savage | Maxwell Akalaare Adombila | ) www.reuters.com   time to read: +3 min
JOHANNESBURG, May 18 (Reuters) - Ghana is targeting $10.5 billion of external debt service relief from 2023-2026, the IMF said, giving an early indication of how large a hit investors might face in an impending debt overhaul. "Our back-of-the-envelope calculations suggest that this translates to a 40%-50% haircut on external debt, if there is not further restructuring of domestic debt," Bojosi Morule, an economist at Goldman Sachs, said in emailed reaction to the DSA. Ghana's already strained finances buckled under the fallout of COVID-19 and Russia's invasion of Ukraine and it is now seeking to restructure $20 billion of its roughly $30 billion external debt, including about $13 billion of Eurobonds, under the Group of 20's Common Framework platform. Earlier this year it completed a domestic debt exchange. Other risks include Ghana not regaining market access to issue debt and the domestic debt exchange posing dangers to financial sector stability, the IMF said.
0 next >>
Total: 2