Glencore Is Stalling Chad’s Debt Revamp Talks, Premier Says
- Chad owes Glencore, syndicated lenders more than $1 billion
- IMF wants Chad to renegotiate loans to make debt sustainable
A woman carries camel milk near N'Djamena, Chad, in May. The country is one of the world’s poorest,
Photographer: Issouf Sanogo/AFP/Getty Images
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Chad’s prime minister said Glencore Plc is stalling efforts to restructure the nation’s multilateral debt, and urged the company to expedite discussions on restructuring its commercial loans.
The request adds to pressure from the International Monetary Fund and the World Bank on Glencore and a syndicate of lenders to renegotiate their $1 billion credit.