Search For "debt"
Foreign debt payments default will put pressure on banking sector: Sri Lan
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 13 (ANI): Reacting to the Sri Lanka government's temporary suspension of payment of all foreign debts, former Prime Minister Ranil Wickremesinghe said that this will place further pressure on the banking sector in the country.
Read More
Pahal Financial Services raises USD 10 Million in equity and debt capital
Updated : 3 years, 11 months ago IST
Ahmedabad (Gujarat) [India], April 13 (ANI/BusinessWire India): Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt Ltd recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe's impact investing firm, GAWA Capital (through its equity v
Read More
Pakistan: Shehbaz Sharif govt haunted by circular debt crisis
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 12 (ANI): The new Prime Minister of Pakistan is under tremendous pressure due to surging oil prices caused by the Russia-Ukraine conflict and is haunted by the circular debt crisis.
Read More
Sri Lanka succumbs to China's debt-trap diplomacy: Report
Updated : 3 years, 11 months ago IST
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.
Read More
Sri Lanka temporarily suspends servicing USD 51 billion foreign debt payme
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Amid the economic crisis in the country, the Sri Lanka government has temporarily suspended the payment of its foreign debts.
Read More
Pakistan, Sri Lanka crises lessons for countries to not fall for China's d
Updated : 3 years, 11 months ago IST
Washington [US], April 12 (ANI): The over-dependence on China for economic development could be a miserable option for any country, and the latest examples of it, are Pakistan and Sri Lanka which have been facing a dire financial crisis at present, according to reports.
Read More
Amid economic decline, Pakistan faces USD 2.5 billion debt servicing oblig
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 9 (ANI): Amid a declining economy and political instability, Pakistan has to pay back foreign debt to the tune of USD 2.5 billion on account of principal and mark-up obligations during the ongoing quarter (April-June) of the current fiscal year 2021-22.
Read More
Manjinder Singh Sirsa's helicopter jibe at Bhagwant Mann, says Punjab CM m
Updated : 3 years, 11 months ago IST
Chandigarh (Punjab) [India], April 7 (ANI): Taking a dig at Punjab Chief Minister Bhagwant Mann over his campaign for the ensuing Himachal Pradesh Assembly polls, Bharatiya Janata Party (BJP) leader Manjinder Singh Sirsa on Thursday said the Aam Admi Party (AAP) leader is misusing debt-ridde
Read More
Sri Lanka's President Gotabaya Rajapaksa appoints new financial team for d
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 7 (ANI): Sri Lankan President Gotabaya Rajapaksa on Wednesday night appointed a new financial and economic team for multilateral affairs and debt sustainability.
Read More
Belt and Road Initiative promises falling apart in Nepal
Updated : 3 years, 11 months ago IST
Kathmandu [Nepal], April 7 (ANI): The superfluous promises made by China to make infrastructure projects in Nepal under 'Belt and Road Initiatives (BRI)' are falling apart.
Read More
Sri Lanka: UN welcomes lifting of State of Emergency
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 7 (ANI): The United Nations on Wednesday welcomed the lifting of the State of Emergency in Sri Lanka, which was imposed for the "maintenance of public order."
Read More
Chinese 'debt trap' adds to Sri Lanka, Pakistan crises
Updated : 3 years, 11 months ago IST
Tel Aviv [Israel], April 7 (ANI): The ongoing crisis in Sri Lanka and Pakistan, fueled by the economic mismanagement by the incumbent governments, has once again brought the focus back to the Chinese "debt trap."
Read More