Sri Lankan Government and IMF Hail Austerity Program as a Major Success
The Sri Lankan government and IMF have hailed the austerity program as a success, citing economic stabilization. Critics warn the ...
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Tag: debt crisis
Can the NPP’s Promised Cure Alleviate Sri Lanka’s Bitter IMF Remedies?
Sri Lanka is grappling with escalating economic challenges as the anticipated relief from IMF aid falls short. While the government's ...
Debt Dilemma: How China’s Influence is Shaping Laos’ Economic Crisis
Laos is currently navigating a daunting economic crisis, primarily driven by escalating debt tied to Chinese investments. As this Southeast ...
Pakistan on the Brink of Securing $4.4 Billion Loan to Tackle Power Sector Debt Crisis
Pakistan is on the brink of securing a transformative $4.4 billion loan, designed to tackle its overwhelming power sector debt. ...
Maldives Faces Urgent Debt Crisis: $1 Billion Payment Looms in 2026
The Maldives is currently facing a daunting debt crisis, leading officials to urgently pursue international assistance. As a staggering $1 ...
Hope on the Horizon: Sri Lanka Celebrates Independence Day as New President Vows to Rebuild the Nation
Sri Lanka celebrated its independence day against the backdrop of a daunting economic crisis, with the newly elected president vowing ...
Unraveling the Mystery: The True Culprits Behind Sri Lanka’s Economic Collapse
Sri Lanka's economic turmoil has ignited a lively debate about its underlying causes. While previous mismanagement and global disruptions certainly ...
Philippines Plans to Boost Defense Capabilities with Increased Equipment Purchases from India
The Philippines is exploring the possibility of expanding its defense procurement from India, seeking to deepen bilateral ties and enhance...
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