THE STANDARD
OPINION
Hannah Wanjie Ryder, debt is not bad (PHOTO; Courtesy)
Kenya’s Treasury officials this week will be sighing a breath of relief as the news of debt repayment holiday from bilateral donors including China sink in.
However, that relief will not last long. The debt suspension so far – part of the G20’s Debt Service Suspension Initiative (DSSI) – is only in place for six months, meaning in at most four month’s time headlines such as “Kenya could fail to repay its debt in 2025”. “Kenya is in financial distress, government admits”, Kenya Likely to Breach the U.S.$80 Billion Debt Ceiling By 2022” will resurface. The suspension will only kick an alleged “problem” down the road.
COMMENTARY: Waiting for my student loan reimbursement fredericksburg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fredericksburg.com Daily Mail and Mail on Sunday newspapers.
Alaska development bank forecloses on oil field assets after $70 million investment Published January 21
Share on Facebook
Print article Leaders of the state development bank now must decide what to do with a failed North Slope oil project in which they have invested $70 million. The Alaska Industrial Development and Export Authority took control of the Mustang project in December following years of fits and starts by former operator Brooks Range Petroleum Corp. that ultimately led the state-owned authority to foreclose on the project assets. Approximately a year ago the AIDEA board of directors approved what ended up being the last in a series of amendments to its $70 million total equity investment in Mustang, which had previously been morphed into a loan to Brooks Range’s parent companies.
Citi Executes First Securities Lending Transaction in Romanian Securities
Citi has executed its first stock loan transaction in Romanian securities through its Agency Securities Lending business. This milestone follows previous successful launches of securities lending in a number of emerging markets further highlighting Citi s strength in this sector. We are pleased to have pioneered our first securities lending transaction in Romania, which is a key development in an emerging market with great potential, said Alin Duhnea, Senior Product Manager at Citi. The strength of our Securities Services business is our ability to deliver local expertise and innovation to our global clients. Our in-depth understanding of the market, close relationships with local regulators and market infrastructures, and client focus are the foundation of Citi s leading position in Romania.