• 27 June, 2022
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Poor nations pay highest debt service in 20 years -campaigners

JOHANNESBURG (Reuters) - Developing countries are paying more to service their debt than at any other time in the past two decades, with a heavier burden on the horizon if…

Explainer-Sri Lanka on the edge as debt burden mounts

By Uditha Jayasinghe COLOMBO (Reuters) - Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years, raising doubts about its ability to pay…

Pakistan I.M.F’d

Pakistanis were ecstatic when Prime Minister Imran Khan said ‘absolutely not’ to a question on whether his country will give bases to US to carry out operations in Afghanistan. Imran’s…

By Sushant Sareen

IMF says it is engaging with Ethiopia but not holding talks on loan program

By David Lawder WASHINGTON (Reuters) - The International Monetary Fund said on Thursday it was continuing to engage on a technical basis with Ethiopia despite a worsening conflict in the…

Pakistan borrows USD 14.3 billion foreign loans in FY21

Islamabad [Pakistan], July 20 (ANI): Pakistan Ministry of Economic Affairs reported on Monday that the government received USD 14.283 billion foreign loans during the fiscal year 2020-21, compared to USD…

Despite Imran Khan’s promise to reduce circular debt to zero, Pakistan adds Rs 498 billion in FY21

Islamabad [Pakistan], July 4 (ANI): The continuous increase in the flow of the circular debt during the third year of Imran Khan's Tehreek-e-Insaf (PTI) government is against the promises that…

Cabinet approves loan guarantee scheme for COVID-affected sectors, enhances corpus of ECLGS

New Delhi [India], June 30 (ANI): The Union Cabinet on Wednesday approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) enabling funding to the tune of Rs 50,000 crore to…

The Great Chinese Loan Trap

Chinese Loans to Other Countries Predatory, Opaque in Nature Chinese loans have surpassed lending by the World Bank and the International Monetary Fund combined together. It has become the largest…

Cash-strapped Pakistan requests another year to pay back Chinese loans

Islamabad [Pakistan], June 14 (ANI): A debt-ridden Pakistan has requested its all-weather ally China that it needs another year to pay back a billion dollars Islamabad had borrowed from Beijing…