Cirrus Securities Economist

Govt’s loan repayment dilemma

Govt’s loan repayment dilemma

Staff Writer Namibia’s plan to borrow from the International Monetary Fund (IMF) to help finance its N$21.4 billion deficit could create a repayment predicament if the N$4.5 billion loan is granted. This comes as it emerged that the majority of government debt maturities lie in the next few years, with the first Eurobond maturing in late 2021. “The timeline for repayment is the only real area of any concern, being in 3¼ to 5 years – right between Namibia’s two Eurobond maturities and with a public debt profile where the majority of maturities lie in the next few years. Overall,…
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