Karin Strohecker

Foreign investors are flocking to Turkey's local debt markets, saying they are impressed by interest rate cuts and easing inflation and are hoping that a regional transformation could further boost their bets on the economy.

The Republic of Congo's Finance Minister Christian Yoka has pledged to ease the country's debt strains and servicing costs by tackling borrowing and spending.

Emerging market countries and companies have issued a flood of bonds so far this year topping $55 billion, the most in years, as borrowers rush to lock in cash before the potential tumult of the second Donald Trump administration in the United States.

Investments made by the European Bank for Reconstruction and Development rose by 26% in 2024 to a record 16.6 billion euros ($17.1 billion) thanks to more projects in Ukraine and green financing, the lender said on Thursday.

Syria's economy has been decimated by more than a decade of civil war and sanctions that have severed it from the global financial system.

Some World Bank staff have criticised an assessment of Ethiopia's finances conducted with the International Monetary Fund, questioning whether the analysis that underpins the country's debt restructuring may be "faulty".

Investors burned by Sri Lanka's $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation's leaders to better manage the country.

Sri Lanka's restructuring of $12.55 billion in international bond debt is set to lead to the launch of a series of new, as-yet-untested instruments linked to economic growth and governance.

The World Bank said on Thursday it had helped Ivory Coast launch a debt-for-education swap in a landmark first transaction for the Washington-based lender.

JPMorgan upgraded Mexican equities to "overweight" from "neutral" on the back of strong U.S. growth, but cut Brazilian equities citing slower growth in China amid emerging pressures from President-elect Donald Trump's tariff policy.