Chad Debt: Suspense around imminent MOU with official creditors
Since the beginning of the year, the rise in oil prices, with a peak of nearly $120 per barrel on 8 March, has considerably redefined the terms of the renegotiation of Chad’s liabilities, with the first review of the IMF programme at stake. The Glencore debt file, worth around $1 billion, is in the shadow of this review and is expected to be treated similarly.
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▪ Chad Debt: Suspense around imminent MOU with official creditors
▪ Since the beginning of the year, the rise in oil prices, with a peak of nearly $120 per barrel on 8 March, has considerably redefined the terms of the renegotiation of Chad’s liabilities, with the first review of the IMF programme at stake. The Glencore debt file, worth around $1 billion, is in the shadow of this review and is expected to be treated similarly.
▪ https://www.africabusinessplus.com/en/811729/chad-debt-suspense-around-imminent-mou-with-official-creditors/
The Chad file will be the first to be completed in the famous “Common Framework”, a forum for renegotiating sovereign debts set up by the G20 in the wake of the Debt Service Suspension Initiative (DSSI) which expired on 31 December last.
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