by Amruth Sundarkumar | Dec 20, 2022 | Sovereign Bonds, Sovereigns
Kenya is set to receive $447mn from the IMF to help boost its finances and reserves. With this, cumulative disbursements to Kenya under the IMF’s arrangements would amount to $2.4bn. The IMF noted that “downside risks predominate in the near term”...
by Amruth Sundarkumar | Dec 19, 2022 | Sovereign Bonds, Sovereigns
Egypt got approval from the IMF board to receive $3bn in funds under the multilateral lender’s Extended Fund Facility (EFF) 46-month arrangement. Here, Egypt will immediately receive SDR 261.13mn ($347mn), to meet their balance of payments need and provide...
by Amruth Sundarkumar | Dec 15, 2022 | Sovereign Bonds, Sovereigns
Sri Lanka’s foreign minister Ali Sabry said that he expects the nation to receive about $8bn via loans and asset restructurings in 2023. He said that $4-5bn in loans could be expected in 2023 from multilateral agencies besides an IMF deal. The government is also...
by Amruth Sundarkumar | Dec 14, 2022 | Sovereign Bonds, Sovereigns
Ghana’s dollar bonds were trading over 2.5 points higher across the curve after it secured an IMF staff-level agreement for a $3bn bailout, pending the IMF board’s approval. The deal is set to provide some relief to the nation in restoring macroeconomic...
by Amruth Sundarkumar | Dec 12, 2022 | Sovereign Bonds, Sovereigns
Ghana is expected to reach a staff-level agreement with the IMF by Tuesday, as per sources aware of the negotiations. Finance Minister Kenneth Ofori-Atta has said that he was hoping for a relief package of up to $3bn, possibly over a three-year period. Two sources...
by Amruth Sundarkumar | Dec 8, 2022 | Sovereign Bonds, Sovereigns
Pakistan will receive financial help from Saudi Arabia as per Saudi Finance Minister Mohammed Al Jadaan. He said that the government will “continue to support Pakistan as much as we can”. Saudi Arabia extended the maturity of a $3bn deposit earlier this month to...
