💨 Abstract

Suriname has signed a debt rescheduling agreement with China, according to Finance Minister Stanley Raghoebarsing. The South American country owes approximately $476 million to Chinese state-owned Exim Bank, with $140 million in arrears. Repayments to Exim Bank will be rescheduled in two phases, while the debt to the Industrial and Commercial Bank of China will be repaid in one tranche.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖