Showing posts with label credit market. Show all posts
Showing posts with label credit market. Show all posts

Wednesday, May 28, 2025

Impact of New US Sanctions on Sudan

 The Sudan Tribune published on 27 May 2025 an article titled "New U.S. Sanctions Spark Economic Fears in War-torn Sudan."

New US sanctions on Sudan that include restrictions on US exports and Sudan's access to US government credit lines plunged Sudan's parallel foreign currency markets into chaos and may have a long-term impact on remittances. 

Tuesday, October 17, 2023

Africa's Unreported Debt to China

 The Review of International Organizations published in September 2023 an analysis titled "Why Hide? Africa's Unreported Debt to China" by Kathleen J. Brown.  

Governments intentionally hide debts from international financial institutions to maximize their ability to borrow while avoiding punishment for rising debt burdens.  Half of the Chinese loans in Sub-Saharan Africa are missing from sovereign debt records.  Using data from Chinese bilateral loans to Sub-Saharan Africa, the author provides evidence that borrower governments intentionally hide debt from international financial institutions to circumvent constraints placed on their external debt.