By Reuters Staff
1 Min Read
March 8 (Reuters) - American Airlines Group Inc said on Monday it intends to privately offer notes worth about $5 billion to repay government debt.
The U.S. airline will use the proceeds to repay outstanding debt under the loan with the U.S. Department of the Treasury and for other purposes. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Bernard Orr)
The International Monetary Fund (IMF) managing director approved on Monday the first review of Sudan's Staff-Monitored Program (SMP) but called for reform of a customs exchange rate and more transparency over state-owned enterprises.
U.S. Treasury Secretary Janet Yellen said on Monday that President Joe Biden's $1.9 trillion coronavirus aid package will provide enough resources to fuel a "very strong" U.S. economic recovery, but will not address longstanding inequality problems.
By Reuters Staff
1 Min Read
CAIRO, March 8 (Reuters) - The International Monetary Fund (IMF) managing director approved the first review of Sudan’s Staff-Monitored Program (SMP), which supports the government’s home-grown program of reforms aimed at stabilizing the economy, strengthening social protection, boosting the private sector, and strengthening governance, a statement by the IMF said on Monday.
“The Sudanese authorities have made tangible progress toward establishing a strong track record of policy and reform implementation - a key requirement for eventual debt relief”, the statement added. (Reporting by Nayera Abdallah Editing by Chris Reese)
American Airlines Group Inc said on Monday it will sell $7.5 billion of bonds and leveraged loans backed by its loyalty program to repay U.S. government debt.