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…

EM rally makes a mockery of debt relief calls, for now – GlobalCapital

The US Federal Reserves whatever-it-takes approach to stabilising markets has had an unintended victim: serious discussions about debt relief in the emerging markets. As eye-wateringly high EM debt burdens are exacerbated by the economic effects of Covid-19, several high profile economists are frantically penning jointly-authored articles warning of an unprecedented debt crisis. Coordinated debt relief…