Somalia secures $4.5B debt relief deal

Somalia secures $4.5B debt relief deal

[ad_1] Somalia on Wednesday secured a $4.5 billion debt relief deal with international creditors.The deal is part of the Heavily Indebted Poor Countries initiative, a debt forgiveness program overseen by the International Monetary Fund and World Bank.Somalia’s...
Sri Lanka inflation doubles ahead of debt deal-

Sri Lanka inflation doubles ahead of debt deal-

[ad_1] By AFP COLOMBO: Sri Lanka’s inflation more than doubled to 3.4 per cent in November, the statistics office said Thursday, a day after Colombo announced a deal to restructure nearly $6 billion in bilateral debt. The benchmark Colombo Consumer Price Index...