Stay updated with breaking news from Foreign Debt. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 dwindled to record lows. "Sri Lanka has been informed of an agreement," the source, who did no...
Lusaka plunged into a state of development finance limbo after defaulting on its foreign debt.