Central Banks Mull Support for Africa Debt Swap, Envoy Says – Yahoo Finance Australia

(Bloomberg) — Developed nations are considering financial support for a plan to relieve African countries of debt payments without triggering default, according to the United Nations committee steering the initiative. The debt-swap deal would channel payments due this year on international bonds back to the African nations, helping them fight the coronavirus and its economic…

Developing economies borrow more despite debt relief initiative – Financial Times

Emerging economies have raised more than $83bn through the international bond market since the beginning of April, just weeks after a push by the G20 to offer many poorer nations debt relief. Data collated by the Institute of International Finance, an industry association, show that developing economies are financing their coronavirus-driven deficits by accessing the…

The Global South Needs More Than Just Debt Relief – Jacobin magazine

On April 15, the Group of Twenty (G20), an international forum that assembles governments, central bank governors, and international organizations, endorsed a suspension of debt service for seventy-six countries from the Global South. This was not quite debt cancellation, but a postponement of payment. Granted on a case-by-case basis, this measure only concerns bilateral debt,…