News Belize Debt: African Development Bank Moves Into Debt-for-Nature Swaps Market
(Bloomberg) -- The African Development Bank Group is in discussions to back a new debt-for-nature swap, marking its entry into a fast-growing corner of the sustainable debt market.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Seizing Assets“We’re lookin
News Belize Debt: The best debt relief companies to help you pay off debt in 2023
If you're struggling to pay off debt, you can lower your payments either through debt consolidation or by enlisting the help of a debt relief company. Unlike debt consolidation, which merges ...
News Belize Debt: Best Debt Settlement Companies Of April 2023
Commissions do not affect our editors' opinions or evaluations. Debt settlement companies generally negotiate with your creditors to pay off your debt for less than what you owe. This service may ...
News Belize Debt: Credit Suisse’s collapse puts pause on debt-for-nature swap market
Photo: A branch of Swiss banking giant Credit Suisse behind a window under the rain, in Basel. (Photo by FABRICE COFFRINI/AFP via Getty Images) The fall of the 167-year-old Swiss banking giant ...
News Belize Debt: US, Taiwan seen powerless to stem island’s diplomatic losses in Latin America
As China seeks to further whittle down the list of seven countries in the Americas that still recognize Taiwan, U.S. officials increasingly believe Paraguay may be the islandâs next diplomatic ally to flip loyalties to Beijing.
News Belize Debt: Debts and investment spur Honduran change of allegiance to China
By Isabel Woodford, Gustavo Palencia and Sarah Kinosian TEGUCIGALPA (Reuters) - Desire for new investment and less debt helped drive Honduras' decision to establish formal ties with Beijing at Taiwan's expense, the government said on Wednesday, potentially opening the door to more spending on flagship infrastructure projects. Foreign Minister Eduardo Enrique Reina said the decision by Honduras
News Belize Debt: Budget Speech: Government claims reversal of tide on public debt
As of the end of 2022, national public debt stood at $4.031 billion, comprised of $2.716 billion owed to external lenders or 67 cents of every dollar, while the remainder, 33 cents on the dollar or $1.315 billion is owed internally.
News Belize Debt: Budget Speech: “Belize is doing so much better since before we took office,” says P.M.
Prime Minister and Minister of Finance John Briceño, presenting the second reading of the General Revenue and Appropriation Bill, says that in two years his Administration has managed to increase tenfold the annual rate of growth in the economy compared to the 12 years of the previous administration, after recording 12.4 percent growth in 2022 and 15.2 percent in 2021.
News Belize Debt: BZ $1.4 billion budget proposed
Photo: House sitting on Friday, March 10, 2023 Prime Minister Hon. John Briceño’s budget speech touched on several key areas and featured positive indicators for Belize despite a projected ...
News Belize Debt: Zambia received 'debt-for-nature' proposal from WWF for $13 bln restructuring
Zambia received a "debt-for-nature swap" proposal as part of its $13 billion restructuring discussions, a move that while complex to secure and not part of current talks, could set an eco-friendly precedent for other debt crises if eventually included.
News Belize Debt: Africa in Business: diplomacy, debt and deals
STORY: Here are five business stories making headlines in sub-Saharan Africa this week.U.S. Treasury Secretary Janet Yellen starts a three-country trip to Africa on Friday (January 20).After decades in which China has dominated investment on the continent, the U.S. is pitching itself as a more sustainable alternative.Yellen's visit takes in Senegal, Zambia and South Africa.Democratic Republic of Congo expects to reach an agreement on overhauling $6bn of an infrastructure-for-minerals deal with Chinese investors this year, its finance minister has said.President Felix Tshisekedi's government has been revisiting a 2007 deal struck under his predecessor Joseph Kabila.South Africa is developing new legislation to speed up energy projects, a presentation by the country's energy crisis committee has showed.Amid some of the country's worst-ever power cuts, the committee said emergency legislation could add capacity more quickly.Several other African countries will also be adding more capacity - via United Arab Emirates renewables company Masdar.On Friday it said it had agreed generation projects with a capacity of up to 3 gigawatts in Angola and Uganda.Earlier in the week 2 gigawatts of projects were announced in Zambia and a 500 megawatt solar plant in Ethiopia.And finally, Zambia received a "debt for nature swap" proposal from the WWF as a parts of its $13bn restructuring discussions, the government confirmed on Wednesday (January 18).In its simplest form, that means replacing expensive bonds or loans with cheaper financing in exchange for protecting fragile ecosystems.The approach helped both Belize and Seychelles secure writedowns that put tens of millions of dollars into ocean protection. Conservationists see Zambia, with its vast national parks, as an obvious candidate.
News Belize Debt: WWF proposes debt-for-nature swap for Zambia
The WWF has proposed that Zambia consider a debt-for-nature swap as it enters debt restructuring negotiations with G20.
News Belize Debt: Zambia received 'debt-for-nature' proposal from WWF for restructuring
(This Jan. 18 story has been corrected to change the timing of IMF MD Georgieva's visit to Zambia from "in two weeks" to "next week" in paragraph 14) By Marc Jones and Rachel Savage LONDON (Reuters) - Zambia received a "debt-for-nature swap" proposal as part of its $13 billion restructuring discussions, a move that while complex to secure and not part of current talks, could set an eco-friendly
News Belize Debt: Caribbean countries in debt stranglehold
SIX CARIBBEAN SMALL Island Developing States (SIDS) are among the top ten SIDS in the world with public debt greater than their gross domestic product or GDP. Based on 2020 data Barbados is the ...
News Belize Debt: First Belize Fund grants for Marine Protected Areas Management handed out
Wednesday’s gifts to the co-managers of eight prominent marine protected areas from north to south, four days before Christmas are intended to be the kind that keeps on giving – in one word, sustainable.
News Belize Debt: Swapping debt for climate pledges can help fund resilience
Debt-for-climate swaps and debt-for-nature swaps seek to free up fiscal resources so that governments can improve resilience without triggering a fiscal crisis or sacrificing spending on other ...
News Belize Debt: Costa Rica and Belize, The Countries That Reduced Their External Debt Thanks To Taking Care Of Their Nature
The financial system has meant that, for many countries, adapting to climate change is a trap. The islands and small countries ...
News Belize Debt: Developing countries face ‘impossible trade-off’ on debt: UNCTAD chief
Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the head of UN trade facilitation agency UNCTAD has warned. |
