Tue, 21-Oct-2025

Hasty exit by Argentina’s economic clergyman could develop market

clergyman

Martin Guzman, the architect of Argentina’s recent $44 billion IMF deal, resigns. He had clashed with the more militant wing of the ruling Peronist coalition around powerful Vice President Cristina Fernandez de Kirchner. Analysts fear the departure could impact Argentina’s ability to meet its obligations with the IMF. The unexpected flight of Argentina’s economy clergyman … Read more

Fitch downgrades Sri Lanka as default fears mount

Sri Lanka

COLOMBO: International ratings agency Fitch downgraded cash-strapped Sri Lanka on Saturday by one notch to ‘CC’ due to mounting fears of a sovereign default on its $26 billion foreign debt. The downgrade came a day after Sri Lanka reported a 1.5 per cent contraction in the third quarter of this year, as a foreign exchange crisis … Read more