Tue, 21-Oct-2025

Bankrupt Sri Lanka seems to amplify airline fleet

Bankrupt Sri Lanka

Cash-strapped Sri Lanka’s loss-making national carrier announced plans Thursday to lease up to 21 plane, just two days after the authorities introduced a default on its $fifty one billion overseas debt. The island kingdom is inside the grip of its maximum painful financial downturn since independence in 1948, with extreme shortages of important items and … Read more

Cash-strapped Tunisia to borrow $7 billion more in 2022

Tunisia

TUNIS: Debt-ridden Tunisia unveiled a 2022 budget on Tuesday that will see it borrow almost $7 billion more, as it seeks to stimulate an economy battered by the coronavirus pandemic. The 2022 finance law boosts spending by over 3 per cent on a year-on-year basis to 57.3 billion dinars ($19.8 billion, 17.6 billion euros), Finance Minister … Read more