Glencore-Led Creditors Reach Agreement on Chad Debt Revamp
- Deal marks first success under G20 Common Framework mechanism
- Agreement will unlock IMF funding for Central African nation
Finance Minister Tahir Hamid Nguilin
Source: Ministry of Finance and Budget of Chad
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Private creditors including Glencore Plc reached an agreement with Chad’s government on restructuring the Central African nation’s debt, Finance Minister Tahir Hamid Nguilin said.
“After nearly two years of discussions with its main external creditors, Chad is pleased to have reached an agreement on the treatment of its external debt,” Nguilin said in a statement posted on the Finance Ministry’s Facebook page.