AllAfrica News: Debt

[Nile Post] Parliament has approved a motion authorising the Government to borrow up to EUR207.74 million from Citi Bank and other financial institutions to finance the design and construction of the 127-kilometre Jinja-Mbulamuti-Kamuli-Bukungu road and a 10-kilometre road project within Jinja City.

[Liberian Observer] The Ministry of Labour's office in Nimba County has ordered the administration of Ganta United Methodist Hospital to settle salary arrears owed to employees following an investigation that found some workers were being paid below Liberia's legally required minimum wage.

[Daba Finance] Senegal reached a staff-level agreement with the International Monetary Fund for a $2.2 billion, 3-year lending programme as the government seeks to restore debt sustainability after uncovering more than $11 billion of previously misreported borrowing. The agreement still requires approval from IMF management and its Executive Board.

[Namibian] Borrowing decisions are rarely made in calm, comfortable moments.

[RFI] Senegal and the International Monetary Fund have reached a staff-level agreement on a new $2.2 billion (€1.9 billion) lending programme, nearly two years after an earlier deal was suspended following the discovery of previously unreported public debt.