payment

Ghana halts payments on large swaths of foreign debt

Published on: December 19, 2022
14:22

By: Ana Luisa Brown

Accra, Dec 19 (Prensa Latina) Besieged by a 50% inflation and declined monetary reserves, Ghana has stopped making payments on its external debts to bondholders, other commercial lenders and foreign governments, making it the latest deeply-indebted developing county to fail to make good on its foreign obligations.

Court orders striking Kenya Airways pilots back to work

Published on: November 9, 2022
11:33

By: Ileana Ferrer Fonte

Nairobi, Nov 9 (Prensa Latina) The pilots on strike for several days from Kenya Airways, considered Africa's second-largest airline, must resume their duties on Wednesday, according to an order issued by a Nairobi court.

Argentina announces postponement of foreign debt payments

Published on: May 31, 2022
12:16

By: Aleynes Palacios Hurtado

Buenos Aires, May 31 (Prensa Latina) Argentina approved the postponement of payments of its debts as part of agreements signed with member countries of the Paris Club, the Official Gazette reported on Tuesday.

Argentinean unions support bill to pay debt to IMF

Published on: April 7, 2022
11:00

By: Luis Linares Petrov

Buenos Aires, Apr 7 (Prensa Latina) Trade unions in Argentina expressed their support for a bill promoted by Frente de Todos (FdT) to settle the debt contracted by former President Mauricio Macri with the International Monetary Fund (IMF).

Egypt records surplus in first quarter of current fiscal year

Published on: February 4, 2022
00:30

By: Ileana Ferrer Fonte

Cairo, Feb 4 (Prensa Latina) Egypt has recorded a surplus of 311.4 million dollars in the balance of payments in the first quarter of the current 2021-2022 fiscal year, which started in July, the Central Bank of Egypt (CBE) reported.

Non-payment of debt will hit the US economy hard

Published on: October 6, 2021
09:20

By: Prensa Latina

Washington, Oct 6 (Prensa Latina) The non-payment of the debt by the United States will hit the country's economy hard, a pressure that the Senate is subjected to should it vote a law to raise the debt ceiling.

Idea of paying debt with IMF money is reactivated in Mexico

Published on: August 23, 2021
14:26

By: Prensa Latina

Mexico, Aug 23 (Prensa Latina) The International Monetary Fund (IMF) will send a monetary allocation to member countries on Monday, which, in Mexico, reactivated the idea of President Andres Manuel López Obrador to use it to pay its foreign debt.

EC transfers to Italy advance payment of recovery plan

Published on: August 13, 2021
10:14

By: Prensa Latina

Brussels, Aug 13 (Prensa Latina) The European Commission (EC) today transferred 24.9 billion euros to Italy as an advance payment of its economic recovery plan, with a view to advancing in the green and digital transition.

The real meaning of blockade for Education in Cuba

Published on: May 5, 2021
07:40

By: Prensa Latina

Havana, May 5 (Prensa Latina) On January 23, 2019, the Societe Generale Retail Banking in Paris, France, withheld a transfer to Cuba for the payment of professional education services in Equatorial Guinea.

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