Page 4 - Foreign Debt News Today

The Senate has approved President Bola Tinubu’s request regarding the 2022-2024 external borrowing rolling plan, totalling $7.4 billion and €100 million.

Excerpt

The 10th Senate under the leadership of Godswill Akpabio has approved President Tinubu’s request to borrow $7.8billion and €100 million as part of the

Senate Okays Tinubu’s Request To Borrow $7.8bn, €100m

Agency affirms ‘CCC’ rating for Pakistan that reflects high funding risks

The federal government has given a hint on possible increments to the estimate for the 2024 budget if the revenue side increases. Minister of Finance,

High sugar prices despite govt move; Egyptian pound officially 31 to USD, dips to 50 in black market

Zambia plunged into a state of development finance limbo after defaulting on its foreign debt.

COLOMBO (Reuters) -Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday. Sri Lanka, mired in its worst financial crisis in decades, has been trying to reach restructuring deals with creditors since last year, having being forced to default on its foreign debt in May 2022 after its foreign exchange reserves dwind...

Lusaka plunged into a state of development finance limbo after defaulting on its foreign debt.