Gov’t suspends payment of Eurobond debts due to restructuring

The Ministry of Finance has announced the suspension of payment on some external debts including the country’s Eurobonds.

According to the Ministry, this is part of an interim emergency measure to save the country’s ailing economy.

“This suspension will not include the payments of our multilateral debt, new debts (whether multilateral or otherwise) contracted after 19th December 2022 or debts related to certain short term trade facilities,” a statement issued by the Ministry on Monday, December 19 said.

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