External Borrowing News Today

KARACHI: Our Economic Frame Work faces serious challenges which need to be redressed by broad based reforms. There...

Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after the upcoming presidential elections, which will lead to an exacerbation of debts.

The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Banks London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said. The fund was raised for three years. The overall cost with one-year hedging cost has come around 8.4%, the official said. This is in line with the companys average borrowing cost of 8.5%. One basis point is 0.01 percentage point.

Fiscal consolidation refers to the process of reducing government budget deficits and stabilizing or reducing public debt levels.

Economist Ndii says multiple loans are maturing in their billions, yet revenue is not growing in tandem.

The lawmakers adopted a motion replacing the China Exim Bank with China Development Bank as the financier of the rail line.

Since 2013, Jubilee administration has borrowed more than three times the loans taken by the previous three governments combined.

Country’s public debt, including guaranteed loans, stood at Sh7.996 trillion as at last September. In December, Kenya received Sh29 billion from IMF.

Special sitting on budget proposes to block Treasury from domestic debt market to free funds for private sector lending.

Special sitting on budget proposes to block Treasury from domestic debt market to free funds for private sector lending.