Search For "debt restructuring"
Sri Lanka Parliament to hold special session on Saturday to discuss debt r
Updated : 2 years, 8 months ago IST
In order to discuss getting Parliament's approval for the domestic debt restructuring process in Sri Lanka, a special weekend session will be held this week, Dailymirror reported.
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Change in China's stance on debt restructuring for Sri Lanka in 2023 unlik
Updated : 2 years, 9 months ago IST
China's Vice Minister of Foreign Affairs Sun Weidong invited Sri Lankan President, Ranil Wickremesinghe, to China for a conference on China's Belt and Road initiative. Wickremesinghe might be trying to go to China to discuss debt restructuring.
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China skips Sri Lankan debt restructuring meeting in Washington
Updated : 2 years, 9 months ago IST
Sri Lanka is already facing an economic crisis due to the COVID-19 pandemic and financial mismanagement, especially during Gotabaya Rajapaksa's presidency. He granted an unprecedented tax benefit to big companies soon after the election. As a result, the government lost a lot of revenue due
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IMF urges crisis-hit Sri Lanka to decide on debt restructuring, including
Updated : 2 years, 9 months ago IST
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF bailout is being closely monitored and questioned. Similarly, China, being a major creditor of Sri Lanka, closely observes other countries' actions regarding an IMF bailout
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Sri Lanka's creditors discuss debt restructuring at meeting, China remains
Updated : 2 years, 10 months ago IST
Sri Lanka's creditor nations held their first meeting and discussed restructuring the island country's debt but China, which is itself the largest creditor, raised doubts over the success of the process, Nikkei Asia reported.
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Shares of developer Sunac China plunge 55 pc after 13-month suspension
Updated : 2 years, 11 months ago IST
Sunac was among dozens of real-estate companies that defaulted on their international bonds over the past 18 months. According to WSJ, its Hong Kong-listed shares were suspended after it missed a deadline to file its annual report in March 2022.
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FM Sitharaman calls for timely debt restructuring to counter global debt c
Updated : 2 years, 11 months ago IST
Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she co-chaired with Reserve Bank of India's Governor Shaktikanta Das.
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China pushes Sri Lanka to sign FTA in guise of debt restructuring
Updated : 2 years, 11 months ago IST
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
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China assures it will back Sri Lanka's debt restructuring: President on IM
Updated : 3 years ago IST
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka's debt restructuring, according to Newswire.
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Pakistan at the deep end of economic crisis
Updated : 3 years ago IST
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) recently said Pakistan had been asked by the IMF "to take steps to be able to function as a country" and not get into a dangerous place where it needs debt restructuring, the Greek City Times reported.
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Pitfalls of Chinese investments in Sri Lanka
Updated : 3 years ago IST
China's external lending and even private corporation's activities abroad are dictated by political considerations. Its foreign investment has become a tool for buying geopolitical influence with a detrimental impact on the targeted country's fragile democratic machinery as well as the local
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Pakistan's budget deficit projections revised to history's highest at Rs 6
Updated : 3 years ago IST
The federal government will book the highest-ever budget deficit despite putting an extra burden of Rs 735 billion on citizens till the end of June on account of higher gas and electricity tariffs and additional taxes.
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