Nepal drowning in Chinese debt trap

Recently inaugurated Pokhara International Airport has come up with a USD 215 million loan from the Chinese EXIM...

China assures it will back Sri Lanka's debt restructuring: Prez

Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new...

China's debt relief to Sri Lanka falls short of overall burden

EXIM Bank of China, as the official bilateral creditor, provided a financing support document to the Ministry of...

10 reasons why EAM Jaishankar welcomes Budget 2023

The EAM said that the budget for the new year will enhance the ease of doing business as it includes KYC process...

China's debt moratorium offer to Sri Lanka not sufficient for IMF

The IMF needs more assurances from China to secure IMF board approval for the bailout package for Sri Lanka.

Sonowal inaugurates NLP-Marine, a portal to reduce logistics cost

It is an open platform that allows the coexistence of multiple service providers to provide EXIM-related services...

China's lending debacle: Development loans hit 13-year low

China's Belt and Road Initiative (BRI) has left scores of Lower and Middle-Income Countries (LMIC) saddled with...

China plays catch-up with India in Sri Lanka; fails

This development comes a few days after India backed the island nation's efforts to secure a loan from the global...

India extends aid worth USD 3.9 billion to help Sri Lanka

India's EXIM bank and State bank of India, for the import of essential commodities, extended export credit...

CBI registers four separate cases against accused on fraud case

The Central Bureau of Investigation (CBI) registered four separate cases of complaints from Canara Bank, Punjab...

Chennai's eNTrust acquires Eximius BPO

Chennai (Tamil Nadu) [India], December 14 (ANI/NewsVoir): The Chennai-based eNTrust Software & Services, a fully...

Reluctance of ECGC to issue fresh insurance cover

"ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This...