March 19, 2021 |
Suriname said Wednesday that it expects to ask creditors to extend a payment deferral on its 2023 and 2026 bonds to give the country more time to reach an agreement with the International Monetary Fund (IMF).
"While constructive negotiations with the IMF staff are ongoing, and the authorities expect a successful conclusion, there is a probability that the staff-level agreement will not be reached prior to March 24, 2021," the Suriname government said in a statement.
Suriname secured a standstill
Sovereign issuer says it expects to put financing in place soon, but not before the next bond payment comes due on March 24