With the US likely to fall into a recession combined with widespread social disruption caused by the lockdown, Trump’s re-election this November appears uncertain. Far from soothing tensions between the US and China, the pandemic has heightened them.
A recent report from the International Air Transport Association (IATA) notes that the global debt of the airline industry could climb by 28% to USD550bn by end 2020 – a USD120bn increase from the start of the year.
May 28, 2020
South Africa should explore the possibility of issuing a social bond to help finance programmes aimed at countering the impact of COVID-19, according to a recent paper published by a group of economists.
May 28, 2020
LATAM Airlines announced this week that it would seek bankruptcy protection and restructure its debt after a steep fall in regional and global passengers due to coronavirus-related lockdowns left the company struggling to maintain cashflows and pay off maturing debt.
May 27, 2020
The Asian Development Bank (ADB) has approved a USD400mn loan for the Philippines this week, with the proceeds going towards supporting a range of policy initiatives including the development of domestic capital markets and infrastructure-linked debt.
May 26, 2020