#DEBT

Archive photo by Ukrainian Presidential Press Office via Getty Images

Biden administration moves to cancel over $4.5 bln of Ukraine’s debt

A $61 billion U.S. aid package in April included almost $10 billion in loans.

Photo by Jakub Porzycki/NurPhoto via Getty Images

Hirsch on the Economy: Poland’s public debt rises as inflation and global pressures continue

As inflation remains a key concern, the government is balancing financial pressures, potential tax reforms, and strategies to support citizens amidst ongoing global uncertainty.

The EDP procedure is triggered if an EU country’s deficit is above 3% of GDP, or the public debt-to-GDP ratio is over 60%.

Mixed reactions to EC launching excessive deficit procedures against Poland

The European Commission (EC) has launched excessive debt procedures (EDP) against Poland and six other EU countries.

Photo by Sean Gallup/Getty Images

Ukrainian Finance Minister urges 'support' for debt deal as clock ticks

"Timely debt restructuring is a critical part of support," Ukrainian Finance Minister tells foreign creditors as default at the end of August looms.

Photo by Oleksandr Khomenko/NurPhoto via Getty Images

Kyiv to increase debt in early 2024

Ukraine will need to increase its domestic market borrowing to get through January-February 2024 due to a lack of financial support from partners, the finance minister said on Thursday.