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Positive prospects for debt restructuring, according to Minister Ramdin

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The prospect for debt restructuring with India is favorable, according to Foreign Affairs, International Business, and International Cooperation (BIBIS) Minister Albert Ramdin. Based on previous efforts and a chat President Chan Santokhi had today with India’s Foreign Minister Subrahmanyam Jaishankar, he makes this claim.

According to the minister, several issues and impediments in the partnership have been considered. The debt rescheduling and management are currently the most crucial of these for Suriname. The Indian government has a very favourable opinion about this. According to Minister Ramdin, who came to India with President Santokhi, we are in the last stages of completion.

Additionally, the topic of political strategic cooperation will be discussed more. The BIBIS minister states, “We expect that when we give the statement tomorrow, we can make agreements with India about the finishing process.”

It is a contract between the Surinamese Ministry of Finance and Planning and Eximbank India. Therefore, it will be necessary to manage the debt rescheduling agreement at that level. The Indian Finance and Foreign Affairs Ministries must, however, approve of this.

“We already have the Ministry of Finance’s consent. The Ministry of Foreign Affairs’ clearance is now the only thing needed.” The minister predicts that he’ll go home with positive news regarding the debt restructuring. The Indian Prime Minister Narendre Modi will meet with President Santokhi.

 

 

 

 

 

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