EXIM Bank of China, as the official bilateral creditor, provided a financing support document to the Ministry of Finance, Economic Stabilisation and National Policies of Sri Lanka, saying it is going to provide an extension on the debt service due in 2022 and 2023.
After US Under Secretary of State for Political Affairs Victoria Nuland during her visit to Sri Lanka said that the terms extended by China to Colombo for IMF debt relief are not enough, the Chinese Foreign Ministry has now retaliated saying that rather than commenting upon Beijing's ties wi
The IMF official had participated in the deliberations at the First G20 Finance and Central Bank Deputies Meet in Bengaluru and she had tweeted a video clip on a social media website, explaining these areas.
Washington [US], October 22 (ANI): US' federal appeals court on Friday issued an administrative stay, temporarily blocking President Joe Biden's student loan forgiveness program.
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).
Washington [US], September 28 (ANI): As Pakistan is facing devastating floods, US Secretary of State Antony Blinken has called on Islamabad to seek debt relief from Beijing to deal with the natural disaster.
Washington [US], September 27 (ANI): US Secretary of State Antony Blinken met Pakistan Foreign Minister Bilawal Bhutto Zardari on Monday and held talks on several key issues including the importance of managing ties with India and engagement with China on the issue of debt relief.
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.
Colombo [Sri Lanka], August 27 (ANI): China, Colombo's largest bilateral lender dodged the request for debt relief and said that the ball is in Sri Lanka's court.
Moscow, August 27 (ANI/Sputnik): Kirill Krasilnikov-US President Joe Biden's initiative to forgive at least USD 10,000 in student debt for each eligible borrower will not be enough to improve the situation with higher education in the United States, experts and citizens surveyed by Sputnik
Zambia [Zimbabwe], June 16 (ANI/Xinhua): The International Monetary Fund (IMF) on Wednesday called for a quick agreement between Zambia and its creditors on debt relief in order to speed up the process of a financing agreement.
Islamabad [Pakistan], February 4 (ANI): Pakistan Prime Minister Imran Khan's visit to China during Winter Olympics largely aims to seek financial relief from the communist regime on Belt and Road debts but rising security concerns could kill many key projects, according to a media report.