World Bank president Jim Yong Kim sets out a radical agenda for his second term that will move it away from direct funding towards de-risking projects in Africa to make them more attractive to private capital.
Nigeria made a barn-storming return to the US dollar bond market on February 9 when it defied expectations and shaky fundamentals to print below 8% yield on a book that almost hit US$8bn.
Bank of Sharjah is marketing a new US dollar bond, and the issuer will likely have to field tricky questions on one of its major shareholders after Standard & Poor’s slashed the Emirate of Sharjah’s rating by two notches at the end of January.
After recovering from civil war, Côte d’Ivoire had been a bright spot amid growing gloom in Sub-Saharan Africa
The rapid rise in hard currency public sector debt in emerging market countries is combining with the weakening of EM currencies to create substantial economic and credit rating risks, Fitch has warned.