Maldives at "high risk" of external, overall debt distress, says IMF

Feb 08, 2024

Amid rising fiscal deficits and public debt,Maldives remains at "high risk" of external and overall debt distress, the International Monetary Fund (IMF) said in...

Maldives at "high risk" of external, overall debt distress, says IMF

Feb 07, 2024

Amid rising fiscal deficits and public debt, Maldives remains at a "high risk" of external and overall debt distress, the International Monetary Fund (IMF)...

Sri Lanka: Nation's economic meltdown uncovers Chinese 'debt-trap' policy

May 14, 2022

Colombo [Sri Lanka], May 14 : China offered debt-stricken Sri Lanka more loans to overcome its economic distress amid rising protests in the country.

Africa in desperate need for alternatives to tackle China's debts

Nov 06, 2022

As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and...

Sri Lanka must avoid China's debt restructuring as Beijing is to seek preferential treatment

Aug 16, 2022

Colombo [Sri Lanka], August 16 : China will seek preferential treatment on debt restructuring in Sri Lanka which will mostly cater to Beijing's own...

Need to address growing debt distress across the globe: FM Sitharaman in US

Apr 12, 2023

Union Finance Minister Nirmala Sitharaman on Wednesday underlined that in order to address the mounting debt crisis around the world, it is necessary to...