Search For "debt payments"
Kenya's mounting Chinese debts causing serious consequences: Report
Updated : 3 years, 4 months ago IST
Kenya is going through an economic emergency due to mounting Chinese debts leading many to believe that the successive Kenyan governments have over-borrowed for over-priced projects.
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Chinese officials in poor countries face unpleasant jobs as debt collector
Updated : 3 years, 5 months ago IST
Beijing [China], October 9 (ANI): Across much of the developing world, China finds itself in an uncomfortable position as the world's debt collector amid rising inflation and a weakening global economy.
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Govt revenue rises to Rs 7.85 lakh crore in April-July period
Updated : 3 years, 6 months ago IST
New Delhi [India], September 1 (ANI): The Government of India received Rs 7,85,914 crore revenue in April-July period of the current financial year, which is 34.4 per cent of the budgetary estimate for the fiscal, as per the official data released on Thursday.
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China's BRI isn't quite as lucrative as often advertised: Report
Updated : 3 years, 7 months ago IST
Colombo [Sri Lanka], August 20 (ANI): Easy Chinese investment poured into BRI projects abroad isn't quite as lucrative as often publicized and sparsely generates sufficient revenue to justify the cost, according to Stockholm-based non-profit and non-partisan research and policy organization.
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Pakistan in catch-22 situation on IMF, CPEC: Report
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 14 (ANI): Amid the political instability and debt payments for power plants coming up under the China-Pakistan Economic Corridor (CPEC), IMF's threat to delay the release of the USD 3 billion bailouts from six billion has pushed the Islamabad into an economic crisi
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US likely to allow license on Russian debt payments to expire after May 25
Updated : 3 years, 10 months ago IST
Washington [US], May 18 (ANI/Sputnik): The United States is "reasonably likely" to allow the license permitting Russian sovereign debt payments to expire after May 25, Treasury Secretary Janet Yellen said on Wednesday.
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Pakistan's foreign exchange reserves hit all-time low since December 2019
Updated : 3 years, 10 months ago IST
Karachi [Pakistan], May 13 (ANI): Trade deficits and increasing current account coupled with dried up dollar inflows, and external debt payments have resulted in an alarming dip in Pakistan's foreign exchange reserves, plunging to a record low since December 2019.
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Sri Lankan PM rejects calls for resignation; says 'I will go if I lose Par
Updated : 3 years, 11 months 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 : 3 years, 11 months 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 : 3 years, 11 months 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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Foreign debt payments default will put pressure on banking sector: Sri Lan
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 13 (ANI): Reacting to the Sri Lanka government's temporary suspension of payment of all foreign debts, former Prime Minister Ranil Wickremesinghe said that this will place further pressure on the banking sector in the country.
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Sri Lanka temporarily suspends servicing USD 51 billion foreign debt payme
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Amid the economic crisis in the country, the Sri Lanka government has temporarily suspended the payment of its foreign debts.
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