The President’s Office has announced that the remaining $50 million of a $150 million loan facility extended by India during the previous administration will be settled this coming September. With $100 million already repaid, the government aims to manage its debt obligations responsibly without seeking additional loans, thereby ensuring the nation’s fiscal stability and international credibility. Furthermore, the government has provided assurances that debt servicing will not impede the progress of ongoing developmental projects across the country.
