IMF Warns Rising Debt Costs Could Hurt Developing Economies

The International Monetary Fund has called on member countries to strengthen financial support for low-income and vulnerable economies, warning that rising debt-servicing expenses and changing global economic conditions could widen the gap between advanced and developing nations. IMF Managing Director Kristalina Georgieva made the appeal during the annual meetings of the International Monetary Fund and…

IMF Warns Rising Debt Costs Could Hurt Developing Economies

The International Monetary Fund has called on member countries to strengthen financial support for low-income and vulnerable economies, warning that rising debt-servicing expenses and changing global economic conditions could widen the gap between advanced and developing nations. IMF Managing Director Kristalina Georgieva made the appeal during the annual meetings of the International Monetary Fund and…

Court clears way for Spanish firm’s bid to liquidate Ketraco over Sh10bn award

The High Court has cleared the way for a Spanish company, C.A. Infraestructuras T&I SLU, to pursue liquidation of Kenya Electricity Transmission Company (Ketraco) over an unpaid Sh10 billion award, rejecting the State agency’s attempt to stop the case. The court dismissed Ketraco’s preliminary objection, ruling that government ownership does not automatically exempt the electricity…