Government has debunked reports that it is working to restructure debts owed local contractors.
The Finance Ministry in statement issued on Monday, September 9, 2024 said there are no such plans on the table.
“No such restructuring has been contemplated during or even after the domestic debt restructuring programme, which commenced in December 2022 and came to a close in October 2023”, the statement said.
Background
During a question and answer section at a recent press briefing, Minister for Finance, Dr. Mohammed Amin Adam revealed that government is working to restructure about US$2.8 billion for external commercial creditors.
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