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View all search resultsThe global economy is set for modest growth over the next two years amid cooling activity in the US, a bottoming-out in Europe and stronger consumption and exports for China, but risks to the path abound, the International Monetary Fund said on Tuesday.
China's economy is set to grow 5 percent this year, after a "strong" first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6 percent expansion, though it expects slower growth in the years ahead.
It is estimated that Indonesia's interest payments on debt will reach a whopping 20 percent this year, and considering that the country borrowed heavily during the pandemic and its deficit only returned to below the 3 percent legal cap last year, higher is not necessarily better when it comes to prudent fiscal management.
Debt-for-nature deals, where government borrowers swap loans for cheaper debt underpinned by credit guarantees from multilateral lenders and commit some of the savings to environmental conservation, are rare but growing.
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