Search For "government debt"
UN calls for stronger multilateral solutions to deal with debt crisis
Updated : 3 years, 3 months ago IST
The event, which runs from December 5 to 7 in Geneva, takes place as a wave of global crises has led many developing countries to take on more debt to address the needs of their populations.
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China's 73rd National Day: Protest erupts in Bangladesh against Chinese op
Updated : 3 years, 5 months ago IST
Dhaka [Bangladesh], October 1 (ANI): As the Chinese government is celebrating its 73rd 'National Day', protests erupted in Bangladesh against the persecution of Uyghur Muslims by the Chinese government, debt trapping Dhaka through various projects and ill-treatment of Bangladeshi workers
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Asia Pacific sovereign ratings can withstand Covid-19 waves: S&P
Updated : 4 years, 6 months ago IST
Singapore, Aug 23 (ANI): S&P Global Ratings believes low vaccination rates mean likely resurgences of new Covid cases in some parts of Asia Pacific in the next year or so.
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Inflation impact on sovereigns depends on real interest rates: Fitch
Updated : 4 years, 9 months ago IST
Hong Kong, June 17 (ANI): Global inflation trends and associated risks around interest rates and exchange rates may have direct sovereign credit implications, Fitch Ratings has said adding that a critical question for government debt sustainability is how inflation will affect debt/GDP ratio
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Fitch affirms Sri Lanka at CCC amid debt service challenges
Updated : 4 years, 9 months ago IST
Hong Kong, June 16 (ANI): Fitch Ratings has affirmed Sri Lanka's long-term foreign-currency issuer default rating at CCC.
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China halts two high-speed rail projects citing growing local govt debt
Updated : 4 years, 10 months ago IST
Beijing [China], May 19 (ANI): Due to growing local government debt, China has ordered a halt to work on two high-speed rail projects with a total investment of 130 billion yuan (USD 20 billion) in Shandong and Shaanxi provinces.
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India's investment-grade rating remains under strain: Fitch
Updated : 4 years, 10 months ago IST
London [UK], May 15 (ANI): Downside pressures on India's creditworthiness remain prominent and the ongoing health crisis will depress economic activity in the near term, Fitch Ratings has said.
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Pakistan: Circular debt hits CPEC power projects
Updated : 4 years, 10 months ago IST
Islamabad [Pakistan], May 9 (ANI): Pakistan's flagship CPEC power projects are hit by the circular debt and the Imran Khan government has failed to clear PKR 188 billion due payments in breach of an energy framework agreement with China, The Express Tribune reports.
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Risks of China's local debt grows as govt scales back COVID-19 stimulus
Updated : 4 years, 10 months ago IST
Beijing [China], May 2 (ANI): As China has started scaling back the COVID-19 stimulus worth trillions of yuan launched last year, local government debt and corporate bond defaults are emerging as the prime financial risks for the communist government.
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China's fiscal situation 'extremely severe', says ex-finance minister Lou
Updated : 5 years ago IST
Beijing [China], March 2 (ANI): China's fiscal situation is "extremely severe with risks and challenges", former finance minister Lou Jiwei has warned, citing fallout from aggressive US stimulus policies, the global economic slowdown during the pandemic, an ageing Chinese population and moun
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Rise in sovereign debt to end in 2023: S&P
Updated : 5 years, 1 month ago IST
Singapore, February 5 (ANI): Reflecting increased public spending to deal with the Covid-19 crisis, S&P Global Ratings has projected that median general government debt for all rated 135 sovereigns will rise by end-2021 to a record 62.6 per cent of GDP.
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Government debt likely to stand at 80 per cent of GDP by FY30: Motilal Osw
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 26 (ANI): The government's debt rose to 75 per cent of GDP in FY20 from 70 per cent in FY18 and is likely to reach 91 per cent in FY21, according to estimates from the EcoScope report of Motilal Oswal Financial Services.
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