Treasury to seek foreign debts reprieve on interest payments
•The debt renegotiation comes in a vital time when the economy is facing a slowdown that is set to hurt the total revenue of the country.
•Restructuring the country’s debt decreases chances of default which would have left the country with a bad reputation in the international front.
•An extension of the repayment period for the loans will ease the government burden for a short period but increase future debt burden as it expected to tap into the international market for loans. Download Report