Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has once again expressed government's confidence in the assurances received from the external creditor committee regarding the terms of debt restructuring.

He indicated that the government anticipates receiving feedback from the creditors soon, facilitating the disbursement of the next tranche of the International Monetary Fund (IMF) loan.

While acknowledging that the government missed the November deadline, Dr. Amin Adam stated that the expectation is to receive the next $600 million by the end of the year.

He said, “What is outstanding is for our creditors, our external creditors to also make a certain decision which I believe they will make sooner, in order for us to tick all the boxes, and then the IMF will have a board meeting after which the disbursement of the funds will be done."

“The discussions have been very positive and encouraging, and we are confident that they will make a decision sooner,” Dr Amin Adam said.