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In the wake of this announcement, some western governments said they would be withdrawing aid to Uganda, and the World Bank also postponed loans in excess of $90m to the Ugandan government aimed at boosting health services.
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Sunbeam said Wednesday that its third-quarter loss widened and that its lenders agreed to postpone loan payments for up to five months.
postponed a loan repayment of nearly $1 billion.
The World Bank then postponed a loan worth $1.7 billion.
Authorities claim the company steered too many people into short-term forbearance that postponed their loan payments but accrued more interest on their debt.
WFS FINANCIAL INC., Irvine, Calif., an auto lender, said it would postpone securitizing loans until the fourth quarter because of declines in the asset-backed market.
He immediately postponed repayment of loans made to the government and obtained a lower rate of interest on some types of loans.
"We think it is best to postpone the loan".
A spokeswoman for the fund said it was not yet clear how Turkey's decision to close Emlak Bankasi, the third-largest state-owned bank, would affect the fund's decision to postpone the loan.
- Rosebell Kagumire On the World Bank's decision to postpone a loan to the country, Oliver Nkunzimana said: Inequalities and the essential role of fair taxation - Christian Aid Ending newborn deaths - Save the Children 10 things not to do with climate aid - ODI Our weekly round-up is admittedly just the tip of the iceberg.
Defers Argentina Payment The government of Argentina avoided defaulting on its last remaining open line of credit and gained a temporary reprieve for its devastated economy when the International Monetary Fund agreed to postpone a loan repayment of nearly $1 billion that was due this week.
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CEO of Professional Science Editing for Scientists @ prosciediting.com