Restructuring of Sri Lanka's domestic debt not on top priority: Central Bank Governor

Apr 29, 2022

Colombo [Sri Lanka], April 29 : Sri Lanka's central bank governor has said domestic debt in the form of government securities and development bonds...

Sri Lanka caught in a 'strategic debt trap'

Apr 04, 2022

Colombo [Sri Lanka], April 5 : Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy.

United States asks China to cooperate with Sri Lanka's debt structuring

Sep 12, 2022

Colombo [Sri Lanka], September 13 : A United States diplomat asked China to cooperate with Sri Lanka's debt restructuring and advised the island nation...

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...

Kenyan President withdraws 'controversial' finance bill after deadly protests

Jun 26, 2024

Kenya, a nation often praised for its stability, has been witnessing escalating protests over the bill, which the government introduced to rein in public...