Search For "debt crisis"
Global debt crisis deepens: Developing nations struggle under unprecedente
Updated : 2 years, 5 months ago IST
According to the World Bank, the surge, attributed to the largest global interest rate increase in four decades, diverted vital resources from crucial sectors like health, education, and the environment.
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Kerala LoP Satheesan slams Pinarayi Vijayan govt for organising "extravaga
Updated : 2 years, 6 months ago IST
Kerala Leader of the Opposition VD Satheesan on Wednesday slammed the Pinarayi Vijayan government for organising the "extravagant" 'Keraleeyam 2023' while the state is undergoing the "biggest debt crisis" in its history.
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Sri Lanka Parliament to hold special session on Saturday to discuss debt r
Updated : 2 years, 11 months ago IST
In order to discuss getting Parliament's approval for the domestic debt restructuring process in Sri Lanka, a special weekend session will be held this week, Dailymirror reported.
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FM Sitharaman calls for timely debt restructuring to counter global debt c
Updated : 3 years, 1 month ago IST
Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she co-chaired with Reserve Bank of India's Governor Shaktikanta Das.
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Need to address growing debt distress across the globe: FM Sitharaman in U
Updated : 3 years, 1 month ago IST
Union Finance Minister Nirmala Sitharaman on Wednesday underlined that in order to address the mounting debt crisis around the world, it is necessary to supplement current global initiatives, especially those of the G20.
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World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 3 years, 1 month ago IST
The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability while predicting almost flat economic growth.
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EU Foreign Policy chief Josep Borrell concludes his India visit
Updated : 3 years, 2 months ago IST
The European Union, Foreign Policy chief Josep Borrell concluded his visit to India on Friday, after his participation in the G20 Foreign Ministers' Meeting (FMM) and the eighth edition of the Raisina Dialogue.
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UN calls for stronger multilateral solutions to deal with debt crisis
Updated : 3 years, 5 months ago IST
The event, which runs from December 5 to 7 in Geneva, takes place as a wave of global crises has led many developing countries to take on more debt to address the needs of their populations.
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PM Modi will set agenda for world during challenging times: G20 Sherpa Ami
Updated : 3 years, 5 months ago IST
Kant noted that India is taking the G-20 Presidency at a very challenging time. "There is a geopolitical crisis, there is a crisis of climate finance and climate action. 70 countries are facing a global debt crisis. And as a consequence of COVID, 200 million people have gone below the pov
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Laos economic crisis intensifies amid Chinese debt
Updated : 3 years, 7 months ago IST
Vientiane [Laos], October 12 (ANI): The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane is on the brink of loan default.
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50 pc of world's poorest need debt relief to avert major development crisi
Updated : 3 years, 7 months ago IST
New York [US], October 12 (ANI): Fifty-four developing economies accounting for more than half of the world's poorest people need urgent debt relief as a result of cascading global crises, according to the United Nations Development Programme (UNDP).
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IMF bailout discussion on Sri Lanka debt restructuring still on lower pede
Updated : 3 years, 8 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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