The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
Colombo [Sri Lanka], April 12 (ANI): Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy while Colombo battles most significant economic crisis in decades amid mounting debt repayment woes.
Colombo [Sri Lanka], March 21 (ANI): Amid the ongoing economic crisis, Sri Lanka is seeking the help of the International Monetary Fund (IMF) to restructure its unsustainable debt with Finance Minister Basil Rajapaksa's visiting Washington next month.
Hong Kong, November 6 (ANI): After China's property giant Evergrande Group faced a debt repayment deadline, another real estate developer Kaisa Group is at risk of default, escalating fears of further problems in the country's embattled property sector.
Hong Kong, October 12 (ANI): After China's property giant Evergrande Group faced a debt repayment deadline, another real estate developer Modern Land is struggling to pay its debts now.
Beijing [China], April 15 (ANI): China's ambitious Belt and Road Initiative (BRI) has been greatly affected by the COVID-19 pandemic, with Beijing quietly scaling back the project, particularly in the emerging markets of Africa, due to banks being over-extended and loans not being repaid on
Beijing [China], February 16 (ANI): In yet another example of China's debt-trap diplomacy, Kenya has been roped in a deal with a six-month debt repayment holiday worth USD 245 million.
Mumbai (Maharashtra) [India], Aug 12 (ANI): The Reserve Bank of India's decision allowing lenders to restructure loans will increase their refinancing requirements, especially for non-banking banking companies (NBFCs), India Ratings and Research (Ind-Ra) said on Wednesday.
New Delhi [India], July 9 (ANI): India on Thursday said that discussion with Sri Lanka on the debt repayment postponement sought by it is progressing and technical level discussions were underway.
Mumbai (Maharashtra) [India], Feb 25 (ANI): Pharmaceutical and biotechnology major Wockhardt said on Tuesday that India Ratings and Research (Ind-Ra) has placed its long-term issuer rating of BB plus on rating watch evolving (RWE) with a negative outlook.
Mumbai (Maharashtra) [India], Oct 18 (ANI): Indiabulls Housing Finance has offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in November and December.