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Search resuls for: "Jorgelina Do Rosario Christian Akorlie"


2 mentions found


☆ Ghana requests G20 Common Framework debt restructuring -source
  + stars: | 2023-01-10 | by ( Jorgelina Do Rosario Christian Akorlie | Jorgelina Do Rosario | Christian Akorlie | ) www.reuters.com   time to read: +3 min
REUTERS/Francis KokorokoLONDON/ACCRA, Jan 10 (Reuters) - 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. Ghana's debt restructuring under the common framework aims to include non-Paris club members, such as China in debt relief talks. Reuters reported first on Thursday that Ghana was seeking debt treatment under the G20 programme. Some bondholders said Ghana opting to go down the common framework route put the prospect of a swift resolution further out of reach. "With the common framework and the poor track record on the timeline for that, it just makes things more uncertain," said Anders Faergemann, portfolio managers at PineBridge Investments.
☆ Exclusive: Ghana poised to request debt relief under G20 Common Framework - sources
  + stars: | 2023-01-04 | by ( Karin Strohecker Jorgelina Do Rosario Christian Akorlie | Karin Strohecker | Jorgelina Do Rosario | ) www.reuters.com   time to read: +3 min
LONDON/ACCRA, Jan 4 (Reuters) - Ghana is poised to request debt relief via the G20 Common Framework programme and has sought reassurances that the negotiations can be expedited before proceeding, sources told Reuters. In December, Ghana launched a domestic debt exchange and later said it would default on nearly all of its $28.4 billion of external debts. If it received such assurances, the government would quickly sign onto the Common Framework, the source said, speaking on condition of anonymity. Another source with knowledge of Ghana's debt restructuring said it was hard to see any other outcome for Ghana than signing up to the Common Framework as they have left themselves no other options. The Common Framework, designed to allow for speedy debt reworks, has been widely criticised for its glacial progress.
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