10
Nov
THE government’s decision to suspend all external debt servicing while it engages its international partners for debt restructuring has so far led to temporary savings of US$2 billion between January 2023 to September. This has served as a major boost to the country’s balance of payment position, as the current account recorded a surplus of US$859.1 million by September this year, compared to a deficit of US$2.5 billion the same period last year. It has also helped in stabilising the local currency which has seen a cumulative depreciation of just 2.5 per cent between February and September 2023. In a…