Corporate Debt

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Corporate Debt

Debt distress

2 November 2023 - by Michael Roberts

Last week, Zambia reached a deal for relief on nearly $4bn owed to private bondholders, raising hopes that a protracted debt restructuring by Africa’s second-largest copper producer was nearing its end. It had taken three years to get a (...)
India : debt, banking crisis,...

10 January 2023 - by Eric Toussaint, Sushovan Dhar

Sushovan Dhar is interviewed by Eric Toussaint about the debt situation and the banking crisis in India, and other topics. Eric Toussaint : In your presentation at the 9th CADTM South Asia Conference in Colombo you explained that India’s real (...)
IIF Private creditor participation proposal: A cure worse than the disease

5 June 2020 - by Daniel Munevar

Following the G20 Debt Service Suspension Initiative (DSSI) announced during the 2020 Spring Meetings, the International Institute of Finance (IIF) has released a template for the voluntary involvement of private creditors in a debt service (...)
Series: Adverse International and Local Conditions for Sub-Saharan Africa (Part 6)

New Threats, New Resistances and New Alternatives

12 November 2019 - by Eric Toussaint, Patrick Bond, Ishmael Lesufi, Lisa Thompson

We conclude with thoughts about the agency for resistance to these neoliberal policies, both ones in existence since the early 1990s (Bond 2014) and those that are being re-introduced through SEZs and the renewed export-led ‘growth’ strategy. (...)
Series: Adverse International and Local Conditions for Sub-Saharan Africa (Part 4)

Africa’s Renewed Crises of Unbalanced Trade, Disinvestment, Debt

29 October 2019 - by Eric Toussaint, Patrick Bond, Ishmael Lesufi, Lisa Thompson

In addition to China, Africa is meant to be one of the most critical markets for South Africa’s SEZs, and attracting other investment, trade and finance to the continent was one justification for entering the BRICS bloc, according to Jacob Zuma (...)
Corporate debt, fiscal stimulus and the next recession

23 October 2019 - by Michael Roberts

The debt owed by corporations in the major economies has risen since the end of the Great Recession in 2009. With global growth slowing and the prospect rising of an outright global recession recurring ten years after the last one, the debt (...)
Corporate debt: the catalyst for the next crisis in India?

30 June 2019 - by Sushovan Dhar

According to IHS Markit, a London based information provider, India is going to overtake the UK, its former colonial ruler, to become the world’s fifth largest economy this year and is projected to outdo Japan to feature at the second position in (...)
Lonmin’s murder, by money

6 June 2019 - by Patrick Bond

Autopsy reveals Lonmin—the British-South African company—corpse’s poisoning by microfinance, ‘development finance’ and corporate finance. The death of the 110-year old mining house Lonmin at a London shareholders meeting on 28 May occurred not (...)
The mountain of corporate debt will be the seed of the next financial crisis

3 May 2019 - by Eric Toussaint

The scene is again set for a new major international financial crisis. Central bankers, leaders of institutions such as the IMF, the OECD and the Bank for International Settlements are all aware of the situation. Many articles in the specialized (...)
China’s Corporate Debt: On the Way to Crisis? Part 2

A Little History of Chinese Economy

27 March 2019 - by Alice Jetin Duceux

Today’s China is vastly different from what it was during Mao’s socialist period (1949-1976). Half of the Chinese population has now moved from Mao’s beloved countryside to shining—and polluted—megacities. Smartphones abound where bikes were once (...)
China’s Corporate Debt: On the Way to Crisis? Part 1

An Overview of Chinese Debt

20 December 2018 - by Alice Jetin Duceux

Are Chinese corporations overleveraged? Since the central government injected massive sums of money in the economy as part of a stimulus plan to fight the Great Recession, debt levels in the Chinese economy have skyrocketed. See the second (...)
Corporate debt – the IMF gets worried

20 November 2018 - by Michael Roberts

The IMF does not pull any punches in [its latest post on the IMF blog->https://blogs.imf.org/2018/11/15/sounding-the-alarm-on-leveraged-lending. It is really worried that so-called ‘leveraged loans’ are reaching dangerous levels globally. These (...)