Chad

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IMF Resumes Lending to Chad Following Glencore Debt Deal

The International Monetary Fund said it was resuming loan disbursements to Chad after the Central African oil producer reached an agreement in principal to restructure its more than $1 billion debt to Glencore and four banks, the International New York ...

Daily Headline - global.abi.org - 04/15/2018 - 22:54 - 0 comments

Chad Signs Deal With Glencore After Review of $1 Billion Debt

Chad signed a deal with Glencore Plc to restructure more than $1 billion in debt in an agreement that will help the African nation to avoid a financial crunch, Bloomberg News reported. The review was signed on Wednesday and is a “good outcome” for Chad, ...

Daily Headline - global.abi.org - 02/21/2018 - 23:57 - 0 comments

Chad Said to Seek Delayed Repayments on Glencore-Led Oil Loans

Chad is seeking to delay repayment of more than $1 billion of Glencore Plc-led oil-for-cash loans after crude prices plunged, the second time the African country has looked to restructure the debt in two years, according to people familiar with the matte ...

Daily Headline - global.abi.org - 07/04/2017 - 20:35 - 0 comments

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