U.S. Congress Passes Bill to Prevent Government Shutdown

The United States Congress passed a stopgap funding bill hours before the midnight deadline on Sept. 30 to prevent a government shutdown. The House voted 254 to 175 to approve H.R. 5305 that will extend government funding through Dec. 3. …

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Kenya Refuses to Hand Port to China to Settle Debts

Kenya is at risk of losing losing the port of Mombasa to Chinese lenders if it defaults on $3.2bn loans that were used to fund the development of the country’s Standard Gauge Railway, according to reporting by the Kenya Star. …

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Colombian Government Draws $5.4 Billion from Flexible Credit Line

The International Monetary Fund announced on Tuesday afternoon that the Colombian government has drawn $5.4 billion from its flexible credit line with the economic institution, which the country will use to help mitigate the impact of the COVID-19 pandemic in its economy.

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Mexican Government Completes $6.6 Billion Debt Refinancing Agreement

Mexico’s Finance Ministry Gabriel Yorio said during a Tuesday morning press conference in Mexico City that the government of President Andres Manuel Lopez Obrador officially completed a debt refinancing operation worth $6.6 billion in international markets, including an over-subscribed bond offer.

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