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Wednesday, April 24, 2024

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Debt

Indian Ocean Region

Sri Lanka Has India’s Support For Its IMF Debt Restructuring Plan

Staff -
India tells IMF it will support Sri Lanka's debt restructuring plan. This country of 22 million people is facing its worst economic crisis since...
Indian Ocean Region

Seychelles Is On Track With Paying Off Its External Debts, Says Government

Staff -
Projections made by the finance ministry for 2022 indicate that Seychelles has a debt-to-GDP ratio of 68 percent, coming down from 92 percent in 2020...
Indian Ocean Region

IMF Team In Colombo For Assessing Sri Lanka’s Debt Burden

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The IMF is looking not only at the at the restructuring of Sri Lanka’s external debt but the huge domestic debt burden as well...
Global

China Aims To Boost Trade With Africa To Help Cut Deficits

Staff -
Many African nations need to rebalance their commerce relations with China and earn the arduous foreign money they should service mountains of debt, most...
Global

Caught In A Strategic Debt Trap, Sri Lanka Faces Its Worst Economic Crisis In Decades

Staff -
China did not yet accede to a Sri Lankan request for a $2.5 billion credit line or a restructuring of its overall debt. About...
Indian Ocean Region

Air Seychelles’ Rescue Plan: Deal Reached To Pay $27.8m Of $76m Debt

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Air Seychelles will pay off only $27.8 million out of the $76 million initial debt owed to bondholders as part of the national airline's rescue...
Economy

Businesses And Households Heavily Indebted Due To COVID-19

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The COVID-19 pandemic and the associated containment measures have taken a toll on the Mauritian economy. The contraction in GDP has resulted in loss...
World

Sri Lanka In Economy Crisis As Debt Mounts, Declares Food Emergency

Staff -
President Gotabaya Rajapaksa introduces emergency regulations to control prices of essential food items as private banks run out of foreign exchange to finance imports. This...
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