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OECD backs Japan deflation fight, says must cut debt The Organisation for Economic Co-operation and Development on Tuesday backed Japan's bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile.

24 April 2013

NGO slams IMF's 'double standard' on austerity Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.

19 April 2013

Cyprus will not quit the euro, vows president President Nicos Anastasiades vowed on Friday to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy.

31 March 2013

Argentina presents conditions for debt repayment Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.

30 March 2013

Eurogroup approves Ireland, Portugal debt extension Eurozone finance ministers approved early Saturday plans to give bailed-out Ireland and Portugal more time to pay back some of their massive rescue loans.

18 March 2013

Almaty citizens owe $10 billion to banks 63 percent of all the loans in Kazakhstan are concentrated in Almaty; overdue loans exceed $10 billion.

15 March 2013

China ratings firm warns of global 'currency crisis' Rising sovereign debt levels in advanced economies are spawning a crisis that threatens to topple the dollar and other reserve currencies.

25 February 2013

Britain loses AAA rating in Moody's downgrade Moody's stripped Britain of its triple-A debt rating Friday, saying government debt was still mounting and that growth was too weak to reverse the trend before 2016.

23 February 2013

Kazakhstan students owe billions to the state Kazakhstan Financial Center is reclaiming the loans issued by the state in 1999-2005 in court.

21 February 2013

Irish lawmakers vote to liquidate Anglo Irish Bank Irish lawmakers voted through emergency legislation to liquidate the former Anglo Irish bank early Thursday, as part of a deal to ease the eurozone country's massive debt burden.

07 February 2013

Samruk-Kazyna to exit BTA Bank, Alliance Bank and Temirbank: Nazarbayev President stressed that several measures had been taken in the banking system to decrease the external debt and the process had to be continued.

04 February 2013

Europe will get its money back says Bank of Greece Greece will pay back the billions of euros of European aid it has received to fight its debt crisis, the head of the country's central bank told Germany's Sueddeutsche Zeitung.

01 February 2013

US House Republicans back 3-month debt limit rise Republicans proposed a three-month increase to the US debt ceiling Friday as they mulled breaking a protracted fiscal impasse, but warned any long-term deal would require Congress to pass a budget that cuts spending.

19 January 2013

Bernanke urges Congress to lift debt ceiling US Federal Reserve Chairman Ben Bernanke on Monday urged Congress to raise the nation's borrowing limit as Democrats and Republicans battle over the federal budget.

15 January 2013

US grants injunction against legal action to Kazakhstan's BTA bank The injunction issued by the Bankruptcy Court on January 3 blocks any enforcement of debts against the bank or its property in the U.S.

09 January 2013

Kazakhstan’s gross foreign debt as of September 30, 2012 made up $134.9 billion Foreign debt of the banking sector for the period from January to September 2012 fell down by 3.9% to $14.03 billion.

04 January 2013

Britain urges bold G8 action on global economy British Prime Minister David Cameron called on his fellow G8 leaders on Wednesday to start work now on agreeing "bold steps" to help boost global economic growth, ahead of a summit he will host in June.

02 January 2013

US backs Argentina in debt restructring case The US gave strong support to Argentina on Friday in the Latin American country's legal battle with hedge funds over the repayment of $1.3 billion to holders of defaulted bonds.

31 December 2012

A chapter in BTA Bank's restructuring to close today, December 28 The issue of BTA Bank’s restructuring will be closed in Almaty financial court on December 28.

28 December 2012

Gazprom to pay Kyrgyzstan's gas debts to Kazakhstan Russian Gazprom, the new owner of KyrgyzGas, will pay Kyrgyzstan’s gas debts to Kazakhstan.

24 December 2012

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