The IMF stated Thursday it is committed to helping crisis-battered Sri Lanka, however, any useful resource software will be contingent on ensuring the country’s unsustainable debt can be managed. The cash-strapped South Asian country of 22 million people is dealing with its worst crisis given that independence: it has suffered months of dire shortages of … Read more
Sri Lanka has announced a temporary default on its foreign obligations in the midst of the country’s greatest economic crisis in more than 70 years. Officials stated that the pandemic’s impact and the Ukraine crisis made payment to creditors “impossible.” Massive protests have erupted in the South Asian country as a result of food shortages, … Read more
ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain on Tuesday said the incumbent government had returned foreign debt worth the $12.27 billion this year alone and about the $12.5 billion would be due next year. He said that overall during Pakistan Tehreek-e-Insaaf (PTI)’s five-year term in office, total debt payments would be around $55 … Read more
