Search For "sovereign default"
China's lending practices push Maldives toward sovereign default
Updated : 1 year, 2 months ago IST
The Maldives is grappling with a mounting debt crisis that threatens its economic sovereignty, as foreign exchange reserves dwindle to precarious levels while substantial debt repayments loom.
Read More
Pakistan to draw foreign investment, seek loan rollovers: Foreign Minister
Updated : 1 year, 10 months ago IST
The economically crippled country has relied heavily on IMF programmes for years, at times nearing the brink of sovereign default and having to turn to countries such as the United Arab Emirates (UAE) and Saudi Arabia to provide it with financing to meet external financing targets set by the
Read More
IMF approves final USD 1.1 bn tranche for Pakistan's bailout package
Updated : 2 years ago IST
This latest funding marks the third and final installment of a USD 3 billion standby arrangement with the IMF, crucial for Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month.
Read More
Pak govt putting up brave face amid deadlock over IMF bailout: Report
Updated : 3 years, 3 months ago IST
According to Dawn, a clear roadmap on external financing and domestic budgetary steps, coupled with substantial energy cost adjustments, should have led to sharing of a draft Memorandum of Economic and Fiscal Policies (MEFP) by the visiting IMF mission wit the authorities at least a day b
Read More
Experts draw lessons learned from Sri Lanka's economic crisis
Updated : 3 years, 7 months ago IST
Focusing on deep-rooted, long-term economic vulnerabilities that led to sovereign default in Sri Lanka - the first time in the country's history - Umesh Moramudali, a Lecturer at the University of Colombo and Researcher on Public Debt & Development, pondered why Sri Lanka had come to thi
Read More
Pak's high expectations from China may fall flat amidst its plunging econo
Updated : 3 years, 12 months ago IST
Islamabad [Pakistan], May 30 (ANI): Pakistan has been reeling under heavy economic turmoil and it is hoping that its all-weather ally China will come to its rescue however eminent economist differs, saying expectations from Beijing are highly misplaced.
Read More
Credit ratings do not capture India's fundamentals: Survey
Updated : 5 years, 3 months ago IST
New Delhi [India], January 29 (ANI): The Economic Survey 2021 released on Friday said that India's sovereign credit ratings do not reflect its fundamentals.
Read More