DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Jorgelina Do Rosario Andrea Shalal"


2 mentions found


☆ Zambia reforms could go to waste if restructuring delayed further -Treasury Secretary
  + stars: | 2023-04-13 | by ( Jorgelina Do Rosario Andrea Shalal | Jorgelina Do Rosario | Andrea Shalal | ) www.reuters.com   time to read: +3 min
REUTERS/Ken CedenoWASHINGTON, April 12 (Reuters) - Zambia could lose gains achieved so far from macroeconomic reforms if its ongoing debt restructuring is further delayed, Treasury Secretary Felix Nkulukusa said on Wednesday. The next IMF payout to Zambia from the loan is contingent upon its bilateral creditors reaching an agreement on the long-delayed debt restructuring. The country recently completed the first review of the programme, and the next one is expected in about three months. Ceyla Pazarbasioglu, director of the IMF's Strategy Policy and Review Department, was more optimistic about Zambia's debt restructuring during the panel. The IMF official said that creditors have asked to share and exchange information "sooner" during debt restructuring talks, and added that the Washington-based lender is willing to do so.
☆ Paris Club ready for close coordination with China, India on Sri Lanka debt talks - source
  + stars: | 2022-10-13 | by ( Jorgelina Do Rosario Andrea Shalal | Jorgelina Do Rosario | Andrea Shalal | ) www.reuters.com   time to read: +2 min
Paris Club officials reached out to two of Sri Lanka's biggest bilateral creditors after the crisis-hit nation reached a staff-level agreement with the International Monetary Fund board for a $2.9 billion loan in September. The Paris Club still hasn't received a reply from either country, the person added, asking not to be named because the talks are private. As a middle-income country, Sri Lanka is not able to apply for relief under the Group of 20 common framework for debt treatments. The person added that India and China might be at odds on who should take the first step to engage in close coordination with the Paris club on Sri Lanka. The country also needs to renegotiate around $12 billion with overseas bondholders after defaulting on its international debt earlier this year.
0 next >>
Total: 2