Search For "debt"
Sri Lankan President expresses gratitude to IMF for approving Sri Lanka's
Updated : 3 years ago IST
"I thank the IMF for approving Sri Lanka's program under the Extended Fund Facility. We are committed to full transparency in our efforts to achieve sustainable levels of debt and our reform agenda. The IMF program is critical to achieving this vision," the Sri Lankan President tweeted on M
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PM Modi, Japanese counterpart Kishida discuss Sri Lanka's debt issues, agr
Updated : 3 years ago IST
The officials said that: "India has been invited along with Australia, Cook Islands, Brazil, Vietnam, Indonesia and others for the G7 Summit in Japan. India has huge potential and demand in terms of infrastructure development"
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Sri Lanka govt debt rose to 115.2 pc of GDP by 2022-end: Report
Updated : 3 years ago IST
The gross debt of Sri Lanka's central bank was roughly 4.66 per cent of the GDP. Moreover, the central bank used special drawing privileges that required interest payments.
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Centre, GNCTD shall attend requests of DMRC for extension of sovereign gua
Updated : 3 years ago IST
The Delhi High Court on Friday in its Judgement stated that Union Ministry as well as the GNCTD shall forthwith attend to the requests of the Delhi Metro Rail Corporation (DMRC) for extension of sovereign guarantees/subordinate debt enabling it to liquidate its liabilities under the Award.
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India continues to support debt-ridden Sri Lanka, distributes ration
Updated : 3 years ago IST
Taking to Twitter, the High Commission of India in Colombo said, "Support by @IndiainSL to needy sections continues!! Glimpses of ration distribution in Kalmunai."
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Chinese investors hesitant to finance new projects in Pakistan amid its di
Updated : 3 years ago IST
Beijing is not happy with the strict conditions of the International Monetary Fund (IMF) for the resumption of the USD 6 billion bailout package program, which may exacerbate Pakistan's economic troubles and draw scrutiny to Chinese loans.
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Credit Suisse to borrow USD 53.7 bn from the Swiss central bank to reinfor
Updated : 3 years ago IST
According to The Wall Street Journal, Credit Suisse, by doing this, plans to shore up its liquidity, capping a day in which fears about the health of global banks leapfrogged to Europe from North America.
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Delay in IMF deal may cause Pakistan to pause repayments, US bank warns
Updated : 3 years ago IST
Pakistan will need to pause debt repayments if it does not secure funding from the International Monetary Fund soon enough, a US bank warned
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Torrent Investments moves SC against National Company Law Appellate Tribun
Updated : 3 years ago IST
Torrent Investments Private Limited has moved the Supreme Court against the decision of National Company Law Appellate Tribunal allowing Reliance Capital Ltd to hold another round of auction for the debt-ridden firm which is undergoing insolvency process.
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LIC's debt exposure in Adani Group companies declines
Updated : 3 years ago IST
Life Insurance Corporation's (LIC) outstanding debt exposure in Adani Group of companies declined from Rs 6,347 crore at the end of 2022 to Rs 6,183 crore on March 5, 2023, government data tabled in Parliament showed on Monday.
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China's economic coercion increasing in the developing world
Updated : 3 years ago IST
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
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Pakistan needs systemic changes, urges for consensus on economic policy: F
Updated : 3 years ago IST
Pakistan's former finance minister Miftah Ismail said that no political leader or martial law can improve the system in the country until the government make systemic changes as the country is in deep economic crisis coupled with huge debt and urged for consensus for economic policy, Geo
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