Maldives President Mohamed Muizzu thanked India for its support to the island nation in easing its debt repayment and affirmed hope that New Delhi and Male would forge stronger ties and sign a free trade agreement.
Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9 billion) over the past week, following substantial repayments of external debt.
Hyderabad (Telangana) [India], May 17: NAVA Limited, a leading multinational conglomerate has announced impressive financial results for the fourth quarter and for fiscal year 2024. The company showcased an improved financial performance at standalone level during the quarter, marked by tota
The growing terrorist risk to Chinese citizens residing in Pakistan and differences over debt repayments have hindered the progress in the Belt and Road Initiative's projects of Islamabad and Beijing.
Pakistan's Ministry of Finance has warned of challenges originating from uncertain external and domestic economic environments, including higher inflation and external debt repayments, due to lesser foreign exchange inflows, according to Geo News.
A staff-level accord to release a USD 1.1 billion tranche out of a USD 6.5 billion IMF package has been delayed since November, with nearly 100 days gone since the last staff-level mission to Pakistan.
The 5th round of China-Sri Lanka FTA negotiation was held in Colombo on Tuesday where the two sides exchanged views on issues concerning trade in goods, trade in service, investment, economic and technical cooperation, rule of origin, customs procedures and trade facilitation, technical barr
China's growing economic footprint in many developing countries is causing a significant amount of debt repayment crisis after the financial challenges posed by the pandemic. China, which surpassed traditional multilateral institutions as the largest creditor to the developing world, has sin
Pakistan faces a crippling economic crisis, with decades-high inflation and critically low foreign exchange reserves depleted by continued debt repayment obligations.
FPCCI former president and BMP Chairman Mian Anjum Nisar has said that the number is likely to drop further amid debt repayment obligations of more than USD 8 billion in the first quarter of 2023.
According to a study undertaken by Chatham House, a renowned policy institute based in London, China is moving away from a high-volume and high-risk model of investment in Africa.