I N ONE OF his final acts of global engagement, Pope Francis convened a Jubilee Commission of experts—including ourselves and ...

Australia, Canada, Denmark, Germany, Luxembourg, the Netherlands, Norway, Singapore, Sweden, and Switzerland are the only ...

But, by 2021, there were at least 57 countries with outstanding debt to Chinese state-owned creditors that were in financial distress, its data shows. This appears to be a factor changing how ...

The World Bank is urging "radical" debt transparency for developing countries and their lenders to stave off future crises, ...

That initiative ended in December 2021, succeeded by a program called the Common Framework, which brings G-20 governments together with the 22 members of the Paris Club, an informal group of mostly ...

But the IMF will not lend money to a heavily indebted country that then just turns around and pays off its creditors 100%. So the IMF is looking for the creditors to basically take a haircut.

Being a creditor nation grants a country some power and influence, particularly when negotiating trade agreements with debtor nations. The status of being a creditor nation can change over time ...

A group of Country Garden Holdings Co.’s creditors has appointed financial and legal advisers, paving the way for more debt talks in what could be one of China’s largest-ever offshore ...