Sri Lanka inflation to reach 5% target during Q3-Q4: Central bank official

Feb 21, 2024

The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.

Future of Laos, its fiscal stability, hinges greatly on China: Expert

Jul 03, 2021

Bangkok [Thailand], July 3 : The Southeast Asian nation of Laos is struggling to meet its debt obligations amid sovereign downgrades and depleted foreign...

Pak economy continues to remain in shambles due to structural imbalances

Nov 28, 2022

Islamabad's foreign exchange crisis has worsened as reserves have been depleted to a critical low of USD 8 billion, compared to over USD 20...

India extends credit line, fuel, food to bail Sri Lanka out of economic crisis

Apr 03, 2022

New Delhi/Columbo [India/Sri Lanka], April 3 : Sri Lanka is reeling under a deep economic crisis as the country's foreign reserves have been depleted...

Germany's 'absolute deficit' in weapon reserves impedes supplies to Ukraine: Baerbock

Aug 25, 2022

Berlin [Germany], August 25 (ANI/Sputnik): The reserves of German armed forces (Bundeswehr) are depleted to the point when Berlin cannot step up weapons deliveries...

Pakistan economic woos increased by fiscal deficits, flawed monetary policy

Dec 29, 2021

Islamabad [Pakistan], December 29 : Pakistan economic woos has been increased by huge fiscal deficits and failure in implementing robust monetary policy thereby...