(Business in Cameroon) - As of March 31, 2021, the non-guaranteed debt of Cameroon’s public corporations was XAF932 billion. According to the Autonomous Sinking Fund (CAA) that revealed the figure, compared to the XAF922 billion recorded as of December 31, 2020, the figure is up by XAF10 billion on a quarter-to-quarter basis. The sinking fund also explains that this rise was mainly due to exchange rate fluctuations.
This means that the fluctuation in the exchange rates between the local currency (XAF) and the currencies in which the external non-guaranteed debts are denominated caused the debt to rise by about 1% in just three months.
South Africa a surprise safe haven in emerging market maelstrom theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Standard Chartered launches preferential loan programme for hybrid cars 18:41 | 29/04/2021
UK-backed Standard Chartered Bank Vietnam has launched an environmentally-friendly automobile loan programme, offering one of the most preferential interest rates in Vietnamâs car loan segment to clients purchasing hybrid cars.
Standard Chartered is launching sustainable trade finance solutions across continents to help companies implement more sustainable practices across their ecosystems
The programme features flexile loan terms with interest rates starting from 5.75 per cent per year.
Along with this, clients can opt for competitive fixed interest rates at only 5.75 per cent per annum in the first 12 months, 6.25 per cent in the first 24 months, or 6.75 per cent in the first 36 months.
ISLAMABAD: Pakistan and Japan on Tuesday signed a debt suspension agreement amounting to $367 million under G-20 Debt Service Suspension Initiative . According to an official announcement made here.
The Finance Industry Development Council (FIDC), an industry body representing last-mile lenders, wrote to the central bank governor as rising caseloads have triggered localised lockdowns, denting the ability of the less privileged borrowers to repay.