The current administration is delivering significant results in managing the substantial sovereign debt inherited from previous governments. In a landmark achievement, the administration has successfully settled more debt within its first two and a half years than the total repayments made over the preceding decade. During this period, a total of USD 1.29 billion has been repaid, covering various loans acquired across multiple past terms.
The government’s strategic objective is to systematically settle existing obligations without incurring further debt, thereby safeguarding the nation from fiscal insolvency. While a debt burden exceeding USD 2.34 billion remains to be addressed, the administration is committed to implementing prudent and sustainable solutions. This approach aims to ensure long-term economic stability while minimizing any adverse impact on the citizens.
