MarketsNotableReported
5.5
InfraCredit secures IFC $50M subordinated debt for local-currency infrastructure finance
Premium TimesLO·NG·2 days ago
Construction firms claim the previous municipal administration agreed to $80 million in paving funding, but due to the flexible exchange rate, the local-currency debt has nearly doubled to Bs 400 million. The dispute centers on contract revaluation amid currency depreciation, creating fiscal pressure for the municipality and potential legal action.