Malawi 'on course' to restructuring $1.2 billion debt

Malawi's central bank has stated that the country is making progress in restructuring its $1.2 billion external debt, with negotiations with creditors showing positive results and the government remaining optimistic about reaching acceptable terms. The lack of foreign currency has constrained debt servicing and affected the government's operations, leading to severe shortages of vital imports and long queues at fuel stations.

reuters.com

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Posted 8/27/2023, 5:25:00 PM