Corporate debt restructuring in times of COVID-19: The case for Debt-for-Climate swaps – World Bank Group

The strain of corporate debt looms large over the global economy. Months into the pandemic, corporate balance sheets in both advanced economies and emerging markets are more stretched than ever, with aggregate corporate debt standing at historically high levels relative to GDP. At the same time, traditional measures of debt affordability and debt sustainability are…

To Get Out from Under China’s Thumb, Africa Needs Debt Relief and Private Investment. – Foreign Policy

As U.S. President-elect Joe Biden starts to formulate his foreign policies, the list of regions and issues needing immediate attention is already long. But one that should stand out is Africas debt. Tipped into crisis territory by the economic knock-on effects of the COVID-19 pandemic, it threatens to push the region further into Chinas hands.…