Pakistan seeks debt relief from Paris Club creditors

Sep 24, 2022

Islamabad [Pakistan], September 24 : Pakistan Finance Minister Miftah Ismail has said that his country is seeking debt relief from bilateral Paris Club creditors...

Japan, India to organise Sri Lanka creditors' meeting

Apr 13, 2023

The setup could serve as a precedent for solving middle-income nations' debt problems, exacerbated in part by higher interest rates in the US and...

IMF board to consider approval of Sri Lanka's bailout package on March 20

Mar 07, 2023

IMF noted that the financial assurances from creditors paves the way for consideration of approval of the state-level agreement reached on September 1.

China may disagree with Western creditors on Sri Lanka's debt restructuring

Sep 04, 2022

Colombo [Sri Lanka], September 5 : China, Colombo's largest bilateral lender may disagree with Western creditors on Sri Lanka's debt restructuring.

For every share of Vedanta shareholders to get 1 share each of the 5 demerged companies

Jul 31, 2024

Indian mining company Vedanta Limited has announced that it has received approval from 75 per cent of its secured creditors to proceed with its...

Sri Lankan President welcomes financial assurances from creditors, highlights importance of IMF agreement

Mar 08, 2023

Wickremesinghe stated that he and Sri Lanka's Central Bank Governor signed the agreement and sent it to IMF. He noted that a response from...