Cash-strapped Mozambique is considering approaching China, its largest bilateral creditor, to restructure $1.4 billion in debt, President Daniel Chapo has revealed. Mozambique considers seeking assistance from China to restructure $1.4 billion in debt amid fiscal challenges. Economic strains result from nationwide unrest and consecutive periods of economic contraction. Rising focus on debt sustainability pressures Mozambique…

Egypt is strategically leveraging debt swap agreements to alleviate its debt burden and unlock development financing, amid growing calls for global financial system reform. Egypt utilizes debt swap agreements to reduce financial strains and boost development financing. Notable deals include partnerships with Germany, Italy, and China, totaling over $900 million. Challenges like increased external debt…