Search For "debt restructuring"
UN Secretary-General Guterres launches Sevilla forum to tackle debt crisis
Updated : 4 months, 3 weeks ago IST
UN Secretary-General Antonio Guterres on Wednesday launched the Sevilla Forum on Debt, highlighting that developing countries face crushing debt, spending more on repayments than on health and education. He stressed the need for fair borrowing, debt restructuring, and a global platform to
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India, Sri Lanka sign MoU on defence cooperation; Misri says two countries
Updated : 11 months, 1 week ago IST
India and Sri Lanka on Saturday signed an MoU on Defence Cooperation with Foreign Secretary Vikram Misri stating that there is a recognition at the leadership level that the security interests of India and Sri Lanka are interlinked.
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Government plans major revival for RINL with focus on debt restructuring a
Updated : 1 year, 2 months ago IST
In a major step toward revitalising the Rashtriya Ispat Nigam Limited (RINL), Union Minister of Steel HD Kumaraswamy held discussions with the Prime Minister's Office (PMO) to outline a comprehensive strategy for the steel plant's revival, according to a press statement.
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India, Sri Lanka agree to enhance INR-LKR trade settlements, encourage inv
Updated : 1 year, 2 months ago IST
The MEA in a joint statement said, "Both leaders agreed that it is now opportune to further enhance the trade partnership by committing to continue discussions on the Economic & Technological Cooperation Agreement; enhance INR-LKR trade settlements between the two countries; and encourag
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Sri Lanka hails India's support in economic recovery, debt restructuring;
Updated : 1 year, 2 months ago IST
Sri Lankan President Anura Kumara Dissanayake said, "We faced an unprecedented economic crisis some two years ago and India supported us immensely to come out of that quagmire. It has also helped us immensely after that, especially in the debt-free structuring process."
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FM Nirmala Sitharaman advocates for debt restructuring and resilient infra
Updated : 1 year, 4 months ago IST
Ministry of finance posted on X, "Union Minister for Finance and Corporate Affairs @nsitharaman participated in the Global Sovereign Debt Roundtable #GSDR on the sidelines of the World Bank and IMF #AnnualMeetings2024, in Washington DC, today. In her intervention, FM @nsitharaman congratu
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Sri Lanka signs USD 5.8 billion debt restructuring deal with lender nation
Updated : 1 year, 8 months ago IST
As one of the co-chairs of the OCC, along with France and Japan, India has been steadfast in its commitment to the stabilisation, recovery and growth of the Sri Lankan economy.
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China: Amid property sector woes, Country Garden delays earnings
Updated : 1 year, 11 months ago IST
In a filing provided to the Hong Kong stock exchange on Thursday, the company said it needed more time to collect information due to the complexity of the work required amid its debt restructuring.
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Secretary Yellen to travel to India for G20 Leaders’ Summit: US
Updated : 2 years, 6 months ago IST
On her fourth visit to India in 10 months, Secretary Yellen will focus on strengthening the global economy and supporting low and middle-income countries by advancing the Multilateral Development Bank (MDB) evolution, debt restructuring, and the IMF’s Poverty Reduction and Growth Tr
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Japan value India’s positive role in Lankan economic recovery, says Envoy
Updated : 2 years, 7 months ago IST
Hailing New Delhi's role in Sri Lankan debt restructuring, Japanese Ambassador to India Hiroshi Suzuki said that India’s issuance of financing assurances to Sri Lanka at the time of its economic crisis was instrumental in accelerating the process of Sri Lanka's debt restructuring an
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Macron becomes 1st French President to visit Sri Lanka, pledges assistance
Updated : 2 years, 7 months ago IST
As the fourth-largest creditor to Sri Lanka, France pledged its assistance in the debt restructuring process, aiming for a positive outcome for the country, the statement read.
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G20 FMCBG meet: IMF chief calls for speedy, effective debt restructuring p
Updated : 2 years, 7 months ago IST
“While this progress is important and welcome, the debt restructuring process still needs to be speedier and more effective. The costs of delays in reaching an agreement on needed debt treatments are borne acutely by borrower countries and their people, who are least able to bear th
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