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Tag: Foreign debt
Kenyan president urges ‘reciprocal’ relation between Africa and Europe
[ad_1] William Ruto, the president of Kenya, called on Tuesday for a “reciprocal” and “balanced” relation between the African continent and the European Union. ADVERTISEMENT In a speech before the…
Sri Lanka to unveil domestic debt restructuring strategy this week
[ad_1] COLOMBO: Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P. Nandalal Weerasinghe said on Sunday, as the island navigates its worst financial…
A catch-22 situation
[ad_1] Pakistan has got itself fully trapped in a catch-22 situation, which is an impossible predicament where you are prevented from doing one thing until you have done another thing,…
Russia claims it has made first debt payment and avoided a default
[ad_1] Russia claimed to have made payments to investors on Thursday and avoided defaulting on its debts, despite having its assets frozen under Western sanctions. “The payment order on the…