Search For "debt crisis"
Sri Lanka's weak regulatory frameworks responsible for China incurred debt
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], September 5 (ANI): As the debt crisis continues to grip the island nation of Sri Lanka, the root cause of problems behind the loans lent by China are weak regulatory frameworks in the country and weak circumspection exercised by politicians and public officials in making
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Overlapping food, debt crisis in Afghanistan can have devastating impacts:
Updated : 3 years, 9 months ago IST
Kabul [Afghanistan], August 9 (ANI): Since the Taliban took control of Afghanistan, the country is under a massive humanitarian crisis and is currently at the greatest risk of overlapping food and debt crises, a report by the World Bank stated recently.
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Pakistan refuses Russia's wheat offer to save USD 1.4 million amid food sc
Updated : 3 years, 9 months ago IST
Islamabad (Pakistan), August 7 (ANI): Amid the food and debt crisis in Pakistan, the country is considering refusing Russia's offer to supply 120,000 metric tons of wheat at a price of USD 399.50 to save USD 1.4 million.
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Afghanistan under severe debt crisis, owes USD 28 million to Tajikistan
Updated : 3 years, 9 months ago IST
Kabul [Afghanistan], August 3 (ANI): War-torn Afghanistan is witnessing an economic crisis and is under huge debt since the Taliban took control of the country as now it owes Tajikistan USD 28 million for electricity.
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US extends support to Sri Lanka, urges cooperation from all political part
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], July 10 (ANI): The United States on Sunday extended its support to Sri Lanka amid the ongoing political crisis in the country and urged cooperation from all the political parties to resolve the debt crisis in the country.
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Pakistan may fall into a debt trap like Sri Lanka due to its economic ties
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], June 30 (ANI): Pakistan may fall into a debt trap like Sri Lanka owing to its economic ties with China.
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Pakistan's economic condition continues to deteriorate due to 'deep debt'
Updated : 4 years ago IST
Islamabad [Pakistan], May 27 (ANI): Pakistan is one of the fifty-two countries facing a severe debt crisis and the repayment and servicing of external debt are amongst the most severe issue faced by the country.
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Sri Lankan PM rejects calls for resignation; says 'I will go if I lose Par
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid nationwide protests and growing calls for his resignation, Sri Lanka Prime Minister Mahinda Rajapaksa has said that he will step down if he loses the majority in the Parliament.
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Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid the ongoing economic crisis, Sri Lanka's Prime Minister Mahinda Rajapaksa on Tuesday said he will not step down from his post.
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IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], April 26 (ANI): International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its debt crisis, according to a media report.
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China avoids bailing out Sri Lanka, Pakistan as their debt deepens: Report
Updated : 4 years, 1 month ago IST
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri
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Pakistan: Shehbaz Sharif govt haunted by circular debt crisis
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], April 12 (ANI): The new Prime Minister of Pakistan is under tremendous pressure due to surging oil prices caused by the Russia-Ukraine conflict and is haunted by the circular debt crisis.
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