Search For "creditors"
Japan, India to organise Sri Lanka creditors' meeting
Updated : 2 years, 11 months ago IST
The setup could serve as a precedent for solving middle-income nations' debt problems, exacerbated in part by higher interest rates in the US and Europe.
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Pakistan's politicians are failing their most vulnerable people
Updated : 2 years, 11 months ago IST
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur
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Chinese bank to refinance USD 500 million loan for Pakistan
Updated : 2 years, 12 months ago IST
The Pakistani authorities are running from pillar to post to get 100 per cent confirmation from friendly donor countries and multilateral creditors before moving toward striking a staff-level agreement with the International Monetary Fund (IMF). It was an unwritten condition from the IMF tha
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Sri Lankan President welcomes financial assurances from creditors, highlig
Updated : 3 years ago IST
Wickremesinghe stated that he and Sri Lanka's Central Bank Governor signed the agreement and sent it to IMF. He noted that a response from IMF is expected this month followed by funds from World Bank and Asian Development Bank.
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IMF board to consider approval of Sri Lanka's bailout package on March 20
Updated : 3 years ago IST
IMF noted that the financial assurances from creditors paves the way for consideration of approval of the state-level agreement reached on September 1.
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NCLT transfers ownership of Jet Airways to Jalan-Kalrock Consortium
Updated : 3 years, 2 months ago IST
The National Company Law Tribunal (NCLT) has given the consortium six months from the effective date to pay dues to various creditors and has set November 16, 2022, as an effective date.
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Rapid MetroRail Gurgaon South: Creditors get interim payout of Rs 1,273 cr
Updated : 3 years, 2 months ago IST
Infrastructure Leasing & Financial Services (IL&FS) on Monday said it completed the interim distribution pay-out for Rapid MetroRail Gurgaon South (RMGSL), an IL&FS Group company.
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Bahamas regulators holding USD 3.5 bn in FTX customers' assets
Updated : 3 years, 2 months ago IST
Based on information provided by Sam Bankman-Fried to the Commission concerning the cyberattacks that took place on the systems of crypto exchange FTX, the Commission said, "there was a significant risk of imminent dissipation as to the digital assets under the custody or control of FTX to t
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Pakistan's economy in free fall: POREG
Updated : 3 years, 3 months ago IST
Looking at its falling economy, investors had also started losing their confidence in Pakistan's ability to pay back the loans. Neither, the creditors nor the market is impressed.
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Pakistan seeks debt relief from Paris Club creditors
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 24 (ANI): Pakistan Finance Minister Miftah Ismail has said that his country is seeking debt relief from bilateral Paris Club creditors in view of the devastating floods in the country which have claimed more the 1,500 lives.
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Bankruptcy regulations amended to enable better stakeholder participation
Updated : 3 years, 5 months ago IST
New Delhi [India], September 20 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments in the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022 that seek to enable better stakeholders' participation, Ministry of Co
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IMF bailout discussion on Sri Lanka debt restructuring still on lower pede
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
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