Showing posts with label Sri Lanka. Show all posts
Showing posts with label Sri Lanka. Show all posts
Friday, 20 September 2024

Sri Lankan go to crucial poll today

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Sri Lankans are going to the polls to elect a president today (Saturday), at a time when the country is struggling to emerge from the worst ...
Sunday, 3 September 2023

Developing countries facing debt problem

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According to Reuters, the persistent and damaging debt problems gripping a number of developing nations will be a core topic during the G20 ...
Tuesday, 23 May 2023

Iran hosts Asian Clearing Union summit

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The 51st Asian Clearing Union (ACU) summit, mainly focusing on de-dollarization, kicked off on Tuesday at the Central Bank of Iran (CBI). ...
Friday, 7 April 2023

China attains status of ‘Lender of Last Resort’

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China has become a major rescue lender for heavily indebted countries. In 2022, loans to countries in debt distress accounted for 60% of Chi...
Tuesday, 21 March 2023

Sri Lanka to receive first tranche of IMF bailout funds in two days

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Sri Lanka will get the first $330 million tranche of the International Monetary Fund's bailout in the next two days, the global lender s...
Tuesday, 14 March 2023

Sri Lanka: China offers to fully finance Hambantota refinery

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According to Colombo Gazette, Chinese Sinopec has offered to fully finance the construction of a refinery in Hambantota, Sri Lanka. During...
Friday, 24 February 2023

IMF flags debt restructuring hurdles

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There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday...
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Tuesday, 24 January 2023

Sri Lanka: China offers debt moratorium

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The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts t...
Saturday, 27 August 2022

Is China following debt trap policy?

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A recent announcement by China that it is forgiving 23 loans for 17 African countries may be motivated by accusations of debt-trap diplomacy...
Thursday, 25 August 2022

Japan seeks to organize meeting of creditors to Sri Lanka

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Japan is seeking to organize a Sri Lanka creditors' conference, hoping it could help solve the South Asia nation's debt crisis, but ...
Tuesday, 16 August 2022

Chinese ship allowed to dock in Sri Lanka port

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Reportedly, Chinese research ship, The Yuan Wang 5 has been given permission to dock on the condition it would not carry out research while ...
Wednesday, 20 July 2022

Sri Lanka crisis: A warning to Pakistan and Bangladesh

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Sri Lanka is in the midst of a deep and unprecedented economic crisis that has sparked huge protests and seen its president quit after fleei...
Friday, 20 May 2022

Is Bangladesh heading toward a Sri Lanka like crisis?

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According to a report in South Asia Journal, like Colombo, Dhaka has also taken on massive foreign loans to embark on what critics call ‘whi...
Sunday, 15 May 2022

Governor State Bank of Pakistan, new Chairman of Asian Clearing Union (ACU)

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Dr. Murtaza Syed, Acting Governor State Bank of Pakistan (SBP) assumed the charge of Chairman of the Board of Directors of the Asian Clearin...
Monday, 4 April 2022

Indian media finds similarity between Sri Lankan and Pakistani economic catastrophe

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According to oneindia, both Pakistan and Sri Lanka have plunged into a crisis and the blame lies entirely on the Chinese debt. The situation...
Sunday, 1 July 2012

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Colonialism proliferating, though in a dif ferent form I t may not be wrong to say that the World War-III started no sooner did World...