Search For "debt"
US announces steps to address USD 1.75 trillion student loan debt: Educati
Updated : 3 years, 11 months ago IST
Washington [US], April 20 (ANI/Sputnik): The Biden administration issued a release announcing that it is taking steps to correct "historic failures" that have hamstrung some 46 million student loan borrowers in debt amounting to USD 1.75 trillion.
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Pakistan braces for worst diesel shortage
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 19 (ANI): Amid the uncertainty surrounding the country's debt-ridden economy, Pakistan Prime Minister Shehbaz Sharif has been warned by experts that the country would face the worst shortage of diesel next month.
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Chinese high-cost loans prime culprit for Lankan economic woes
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 19 (ANI): Sri Lanka's current economic crisis does not seem to slow down due to its major dependence on Chinese loans as well as its inability to repay debt amid a state of emergency and intense protests in the island nation.
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Pakistan's public debt stands at Rs 42.7 trillion
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 18 (ANI): Pakistan's total public debt till December 2021 stood at Rs 42,745 billion, including Rs26,745 billion domestic debt and Rs15,950 billion external liabilities, according to a report released by the finance ministry.
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Geo-political analyst pins blame for Lankan crisis on China's opaque debt-
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 18 (ANI): Asanga Abeyagoonasekera, a geo-political analyst from Sri Lanka, said that China's loan model to Sri Lanka is ambiguous while no one knows the interest rate charged by Beijing for the money lent to the island nation.
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China's 'debt-trap diplomacy' behind Sri Lanka crisis: Report
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 17 (ANI): While Sri Lanka faces its worst economic crisis since independence with food and fuel shortages, soaring prices and power cuts, many believe that China's "debt-trap diplomacy" is behind the crisis, said a media report.
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Biggest contributor to Sri Lanka's economic crisis is 'mismanagement': Bud
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 16 (ANI): The President of the Asian Buddhist Conference for Peace (ABCP) - Sri Lanka National Centre, Dr Maitipe Wimalasara Maha Thera on Saturday blamed the "mismanagement" of economic policies by the country's leadership for the present turmoil.
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China avoids bailing out Sri Lanka, Pakistan as their debt deepens: Report
Updated : 3 years, 11 months ago IST
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri
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Sri Lanka's health ministry reports drug shortage amid economic crisis
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 14 (ANI): Amid the continued economic hardship in the country, Sri Lankan Health Ministry has said there is a shortage of some drugs and equipment in certain government hospitals.
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China needs to improve its lending practices: World Bank President
Updated : 3 years, 11 months ago IST
Warsaw [Poland], April 14 (ANI): China needs to improve its lending practices in the developing world, especially in terms of transparency in the loans it provides, according to the World Bank President.
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World Bank says Sri Lanka's economic outlook uncertain, needs urgent polic
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 14 (ANI): Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the fiscal deficit, and restore external stability, the World Bank said in its twice-a-year regional update.
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China creating new COVID strains in Pakistan: Expert
Updated : 3 years, 11 months ago IST
Beijing [China], April 14 (ANI): China is creating COVID-style pathogens in Pakistan that experts say has the potential to wipe out much of humanity.
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